These are the ten most expensive streets in Ireland

4000 property millionaires as house prices are up 40pc in just five years

4000 property millionaires as house prices are up 40pc in just five years

The total value of all 1.7 million occupied residential properties in Ireland is now nearly €400 billion, and there are almost 4,000 "property millionaires" - or people whose homes are worth €1m or more.

Perhaps not surprisingly, all of the most expensive streets are located within a short distance of each other in the capital.

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Across the country, the average property value is now €230,000.

Outside of Dublin, Enniskerry in Co Wicklow is the most expensive market with average property values of €495,000.

By location, the most expensive markets are all in Dublin.

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Counties Kilkenny, Wexford and Westmeath have all risen by seven places in the last five years and are now ranked the 30th, 34th and 38th most expensive markets in the country respectively.

The historic port and fishing town of Kinsale in Co Cork is the most expensive location in Munster, with average values of €309,000.

The number of homeowners in Ireland whose property is worth €1m or more has shot up, driven by year-on-year house growth of 9.4%.

The highest concentration of property millionaires is in Dalkey, the seaside resort in south Dublin.

Ireland has 3,821 property millionaires, according to the latest Daft Wealth Report.

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In Connacht-Ulster, Kinvara in Co Galway occupies the top slot, with average values of €257,000.

Herbert Park is the priciest of the lot, having seen five properties being sold for at least €3m in the past year and a half, followed closely by Ailesbury Road and Shrewsbury Road which have both seen three homes change hands for that price.

The cheapest market in the country is Ballaghaderreen in Roscommon, where the average property value is just €58,000. So too has leafy Temple Gardens, just off Palmerston Road in Dublin, while Westminster Road in Foxrock sneaks in in fifth.

A report from property website Daft.ie says homes in the sea-side suburb cost an average of almost €800,000.

You can read the Daft Wealth Report 2017 in full here.

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