as i said , thier is always a class of people in every country who have secure high earning jobs , legal professionals , doctors , etc , someone who might only have been able to afford to buy in drumcondra six years ago might be able to afford to buy in raneleagh or blackrock today , thats a very attractive proposition for many , none of this changes the overall market all that much , thier are places in west dublin and all of ireland which might fall or languish for ten years yet but highly sought after locations are not going to drop to 150 k per joint ever
To be honest - if there are these high earners then they are aiming at this:
And not this:
There will always be a "premium" for location but a floor? That's another thing altogether.