Saturday 10 December 2016

Price Guide: Limerick City

Published 17/09/2010 | 16:11

In comparison to other property types in Limerick City, one-bedroom apartments fell sharply in percentage terms over the last four months, with new one-bedroom apartments falling by 11pc and second-hand units down 25pc.

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Five-bedroom detached houses also experienced a drop of 16pc during the same period, while new fourbedroom semi-detached and detached houses fell by 10pc and 9pc respectively.

A number of agents reported a fall in sales activity over the last four months, along with an increase in the number of properties on the market.

There was general agreement that there was an excess supply of apartments, threebedroom townhouses and fourbedroom detached houses on the market.

The time it takes to sell a city property is estimated to range from between four and seven months. According to one agent, properties would move a lot faster if mortgage finance was made more readily available.

The outlook for the local market appears relatively uncertain at the moment, with some agents anticipating a moderate improvement over the next six months and others expecting a moderate decline in activity.

Things are even less clear looking 12 months out, with some agents expecting sales to improve considerably and others expecting things to get a lot worse.

New One-Bedroom Apartment

August 2010: €91,700

April 2010: €103,000

Peak Price: €175,000

Change Aug v Apr: -11pc

Change Aug 2010 v Peak: -48pc

Second-hand One-Bedroom Apartment

August 2010: €92,500

April 2010: €123,000

Peak Price: €173,000

Change Aug v Apr: -25pc

Change Aug 2010 v Peak: -47pc

New Two-Bedroom Apartment

August 2010: €131,700

April 2010: €130,000

Peak Price: €213,000

Change Aug v Apr: 1pc

Change Aug 2010 v Peak: -38pc

Second-hand Two-Bedroom Apartment

August 2010: €130,000

April 2010: €130,000

Peak Price: €202,000

Change Aug v Apr: 0pc

Change Aug 2010 v Peak: -36pc

New Two-Bedroom Townhouse

August 2010: €135,000

April 2010: €150,000

Peak Price: €233,000

Change Aug v Apr: -10pc

Change Aug 2010 v Peak: -42pc

Second-hand Two-Bedroom Townhouse

August 2010: €135,000

April 2010: €146,000

Peak Price: €233,000

Change Aug v Apr: -8pc

Change Aug 2010 v Peak: -42pc

New Three-Bedroom Townhouse

August 2010: €155,000

April 2010: €170,000

Peak Price: €258,000

Change Aug v Apr: -9pc

Change Aug 2010 v Peak: -40pc

Second-hand Three-Bedroom Townhouse

August 2010: €165,000

April 2010: €172,000

Peak Price: €254,000

Change Aug v Apr: -4pc

Change Aug 2010 v Peak: -35pc

New Three-Bedroom Semi-d

August 2010: €185,000

April 2010: €187,000

Peak Price: €283,000

Change Aug v Apr: -1pc

Change Aug 2010 v Peak: -35pc

Second-hand Three-Bedroom Semi-d

August 2010: €195,000

April 2010: €203,000

Peak Price: €296,000

Change Aug v Apr: -4pc

Change Aug 2010 v Peak: -34pc

New Four-Bedroom Semi-d

August 2010: €202,500

April 2010: €226,000

Peak Price: €323,000

Change Aug v Apr: -10pc

Change Aug 2010 v Peak: -37pc

Second-hand Four-Bedroom Semi-d

August 2010: €225,000

April 2010: €222,000

Peak Price: €310,000

Change Aug v Apr: 1pc

Change Aug 2010 v Peak: -27pc

New Four-Bedroom Detached

August 2010: €262,500

April 2010: €288,000

Peak Price: €445,000

Change Aug v Apr: -9pc

Change Aug 2010 v Peak: -41pc

Second-hand Four-Bedroom Detached

August 2010: €280,000

April 2010: €278,000

Peak Price: €430,000

Change Aug v Apr: 1pc

Change Aug 2010 v Peak: -35pc

New Five-Bedroom Detached

August 2010: €302,500

April 2010: €358,000

Peak Price: €533,000

Change Aug v Apr: -16pc

Change Aug 2010 v Peak: -43pc

Second-hand Five-Bedroom Detached

August 2010: €330,000

April 2010: €363,000

Peak Price: €535,000

Change Aug v Apr: -9pc

Change Aug 2010 v Peak: -38pc

Irish Independent

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