As someone looking to buy property with a view to renting it out long term (20 years plus) and then potentially selling it or continuing to rent it, I’m trying to work out what areas of Dublin are likely to generate the best returns over time.
From doing a bit of research into it it seems the best rental yields tend to be in areas such as Dublin 3, 10, 11, 22, 24 and these tend to be quite a bit higher than places with more expensive housing like Dublin 2, 4, 6 etc
So on paper at least it seems as though you’d get a better return on your money buying a property in Dublin 11 than you would in Dublin 4.
What I’m wondering is that likely to be the case in terms of appreciation of the value of the property over time also? Ie, is your house in Dublin 11 going to appreciated more than your Dublin 2 apartment.
I was planning to go pack through the various DAFT rental/sales reports of the past 15 years or so to get hard figures on these but was hoping someone might have an answer without me needing to do a lot of data entry and graph creating! Or potentially point me to DAFT figures on the same long term time period (I’m sure they must exist but have yet to find them)
I’m assuming if property in Dublin 11 offers a better yield + better appreciation then it would seem a no brainer. However I’d wonder if there was not also another factor of long term desirability/demand to live there? Ie people are happy living in Dublin 11 and paying quite a bit to do so as there is a chronic housing shortage at the moment. But when the next crash happens are the areas that generate the highest returns also likely to be the worse affected? Ie if there’s suddenly a huge oversupply of rental properties are areas like Dublin 11 likely to take a much bigger relative whack to their value than Dublin 2, 4 etc, which you would assume will always remain the most desirable places to live?
I suspect there is some standard logic to all of this but it’s not an area I know a lot about so was hoping for some suggestions.
Any advice would be much appreciated!