A new report has suggested the value of all residential property in Ireland now stands at €510bn.
That is up from €479bn a year ago, and represents a daily increase of €83m.
The Daft.ie Wealth Report found Mount Merrion in Dublin is the most expensive market in the country, with average property values of €854,000.
Ireland's most expensive street listed in 2019 is Coliemore in Dalkey, which has seen no fewer than four properties change hands for an average of €5.5m.
![](https://media.radiocms.net/uploads/2019/05/26103258/Daft-3-1024x577.jpg)
Outside Dublin, the most expensive street is Scilly Hill, Kinsale with an average house price sale of €2.5m.
House prices are growing by 5.9% year-on-year - and in 2019 there are on average 11 properties sold nationwide every week that are worth €1m or more.
The highest concentration of property millionaires is in Dalkey with 936, followed by Foxrock (540) and Mount Merrion (230).
![residential property](https://media.radiocms.net/uploads/2019/05/26103421/Daft-2-1024x536.jpg)
By location, the most expensive markets are all in Dublin.
The average asking price in Mount Merrion is now €850,000, followed by Foxrock €834,000, and Sandycove €752,000.
By comparison, the average asking price nationwide is €261,000.
![residential property](https://media.radiocms.net/uploads/2019/05/26103611/Daft-1-1024x536.jpg)
Outside of Dublin, Enniskerry in Co Wicklow is the most expensive market with average property values of €638,000.
In the other provinces, that distinction falls to Kinsale in Munster (€395,000) and Kinvara in Connacht-Ulster (€326,000).
The cheapest market in the country remains Ballaghaderreen in Co Roscommon, where with the average property value at just €97,000.
It remains the only market in the country where property values are below €100,000.
The most expensive streets outside Dublin are:
- Scilly Hill, Scilly, Kinsale (€2,550k)
- Glounagillagh, Caragh Lake, Killorglin (€2,178k)
- Cuan Ban, Colla Rd, Schull (€2,100k)
- Hill Crest Manor, Newport, Tipperary (€2,043k)
- Athgarvan House, Newbridge, Kildare (€2,000k)
- Rooska, Ardbrack, Kinsale (€2,000k)
Commenting on the findings, report author and economist Ronan Lyons said: "Ireland's two million homes are worth over €500bn.
"This marks an increase of just over €30bn in a year.
"While the bulk of that comes from changes in property values, a growing share of the change in Ireland's property wealth is coming from new construction.
"On average last year, Ireland's stock of homes grew in value by €84m per day - with €15m of that coming from new construction."