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28 Feb 2017

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The four-story Georgian splendor of Baggot Street isn't the usual target market for First Time Buyers (FTBs). But that's no reason not to call into the EBS office on Lower Baggot Street.

It caters for a wide range of property – and customers – who work or want to live anywhere, including the city centre.

Deirdre Harahan, manager of the EBS branch, has helped customers buy homes from Mount Merrion to the banks of the Tolka on the northside of the city.

"We have all sorts of buyers. And there's also a good spread of properties. We're doing a mortgage at the moment for Mount Merrion – a high-quality family home costing €800,000."

If you do fancy a bit of Georgian splendour, there's a magnificent 5-bedroom house on Waterloo Road near Ballsbridge. You will need to splash out €1.5m – but for which you'll get the whole shebang: cornicing, high ceilings and period fireplaces.

You'll probably need to keep the latter stoked up through the winter, though, as these properties are not the most efficient retainers of heat.

A 5-bed on Harcourt Street costs a cool million – although at €250,000 per 1,000 square feet, that's not bad value.

All kinds of houses in Dublin city

There are all sorts of properties in the city centre for all sorts of budgets.



"We've a family of trader-uppers approved for a mortgage in Ringsend. And we've also got First Time Buyers who want a 2-bed apartment because they are tired of paying rent," Deirdre says. "We've also done mortgages in Ranelagh and two smaller loan applications for Dublin 3."

Deirdre says that it has been busier since February as people now know where they stand with the new Central Bank mortgage rules.

The new regime is not as hard on First Time Buyers as had been feared. They require a deposit of 20% only for homes valued at over €220,000. We've written about the Central Bank Regulations before, so you can keep informed.

The inner Dublin suburbs - What's best for?

Inner Dublin suburbs for First Time Buyers

The price of one-bedroom apartments in Dublin city has been driven up by investors trying to get a better return on their money as interest rates fell to new lows.

You won't get a half-decent 1-bed for much less than €130,000. Another downside is the availability of finance for this type of property; EBS loans up to 75% for one-bed apartments specifically (normal rules apply for anything bigger).

2-beds – costing from €175,000 - might prove better value in the long run anyway.

As for houses, if you know your inner city areas well, there are two and three-beds to be had for under €250,000. Check out East and North Wall, certain areas off the South Circular Road and Ringsend.

You can get Dublin 4 without the high prices in Irishtown, where a 2-bed period home was priced at €275,000 as we went to press (March 2015).

But you'll have to pay double that for prime locations and properties. Expect to cough up more for 2-bed apartments in prime Dublin 4 territory.

Outside D4, urban hipsters can get a very nice pad for €300,000 – and even then pay less than they would in rent, despite the surge in property prices.

"We do get people in from (docklands-based) Google. Many customers already rent and want to keep living in the city. They get used to the lifestyle and want to keep living there. It very much depends on the person," says Deirdre.

Dublin city for families

Family homes are in short supply in Dublin city centre - but you can still find them. Expect to pay anything from €400,000 upwards for a decent-sized family-friendly urban residence.

EBS Baggot Street

And you don't have to go far out the N11 to find the most sought-after suburban properties in the land. Mount Merrion is prime family-rearing territory. Deirdre describes this as a "fabulous area that's great for families." However, the higher prices dictate that it's really only for trader uppers who have built up some equity.

Check out Schooldays.ie for a list of schools and the Sunday Times league tables of the best ones by area.

Dublin city for commuters

The whole point of city centre living is that you don't have to commute. Anywhere along the Luas is still very handy though for nipping into town from your urban pad.
It's also good for whisking guests to the dinner parties you're going to host for your jealous suburb-dwelling friends before showing them all the "in" places in town.


Don't forget about Dublin bikes – a nifty and cheap option for those who want to fly around the city centre and suburbs.


Thinking of buying a house in Dublin city?

Before you go house hunting it's a good idea to get your mortgage arranged – or at least discussed so you know where you stand.

Get the ball rolling with our First Time Buyer and Next Time Buyer guides. You can also use our mortgage calculator to find out how much you may be able to borrow.

If you'd like to talk through your mortgage options you can book a 30 Minute Mortgage Meeting with Deirdre or one of her colleagues in the EBS office, 13 Lower Baggot Street, Dublin 2 (Tel: 01 6763663).

Why not pay us a visit on our Facebook page for more great house-hunting tips, home living advice, or just for some general merriment?

EBS Baggot Street

The content of this blog is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the information in this blog which does not constitute any form of advice or recommendation by EBS d.a.c.

EBS d.a.c. neither accepts nor assumes any responsibility in relation to the contents of this blog and excludes all warranties, undertakings and representations (either express or implied) to the fullest extent permitted under applicable law.

Deirdre Harahan Finance Ltd. trading as EBS Baggot Street is a tied mortgage agent acting solely on behalf of EBS d.a.c. EBS d.a.c. is regulated by the Central Bank of Ireland.

House Prices taken from MyHome.ie accessed March 2015.

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