The value of all residential property in Ireland has increased at a rate of €15million a day since last year.
The current total stands at over €519 billion - up from €514 billion a year ago.
The Daft.ie wealth report published on Saturday shows Ireland’s residential property prices are continuing to rise.
House prices are growing by one per cent year-on-year and 715 properties have been sold so far this year that are worth one million euro or more.
The report shows that 11 streets had two or more homes sold for €2million or higher in 2019 so far.
Four of those streets are in Dublin 6, which contains the upmarket areas of Harold’s Cross, Milltown, Ranelagh, Rathgar, Rathmines and Terenure.
Ireland’s most expensive street is now Temple Road, near Milltown in Dublin, which had three properties trade for more than €2million with an average price tag of €5.5million.
By location, the most expensive markets are all in Dublin.
The average asking price in Mount Merrion is now €777,000, followed by Dalkey with €743,000, and Sandycove with €740,000.
By comparison, the average asking price nationwide is €257,000.
Roscommon is still the only market in the country where average property values remain below €100,000.
The cheapest market in the country remains Ballaghaderreen in Roscommon, with the average property value at just €96k.
The highest concentration of property millionaires is in Dublin’s Dalkey with 276, followed by Ranelagh (252) and Ballsbridge (235).
Outside of Dublin, Enniskerry in Co Wicklow is the most expensive market with average property values of €619,000.
In the other provinces, that distinction falls to Kinsale in Munster (€383,000) and Kinvara in Connacht-Ulster (€317,000), in each case the most expensive market in their region by some distance.
Economist Ronan Lyons, author of the report, said: “In the last 12 months, Ireland’s housing wealth has increased by just 1%, or €5.3billion.
“Almost all of this increase - just over 5.1billion - has come from newly built homes adding to the stock of housing.
“The much more modest increase in the average value of all homes - €1.1bn - is almost entirely offset by losses due to depreciation and obsolescence (€0.9bn).”
