John de Courcy reports that the Limerick market, outside of the city and its suburbs, is 'ticking over' but that the underselling of repossessed properties continues to have a destabilising and dampening effect.
"Once the repossessed stuff gets sold, prices will start to go up again. It's all down to the banks and also whether they start lending again.
"There is a general uplift, and a knock-on from what's been happening in Dublin, but the market is not going to go crazy again and we will not see that level of increase in Co Limerick."
De Courcy says that well-located properties within easy reach of schools, shops and the motorway are in demand, and increasingly being bought by purchasers who will commute to Ennis and Nenagh to work.
|3-bed semi in town,||€130,000||€130,000||€130,000|
|3-bed semi out of town,||€120,000||€120,000||€120,000|
|4-bed semi in town,||€150,000||€150,000||€150,000|
|4-bed semi out of town,||€155,000||€155,000||€155,000|
|3-bed bungalow in town (outskirts),||€165,000||€165,000||€165,000|
|3-bed bungalow outside town,||€150,000||€150,000||€150,000|
|4-bed bungalow in town (outskirts),||€190,000||€190,000||€190,000|
|4-bed bungalow outside town,||€170,000||€170,000||€170,000|
|"Det 2,000+ sq ft",||€220,000||€230,000||€230,000|
|2 up/2 down,||€75,000||€75,000||€75,000|
Prices increase the closer to the city that a property is located.
Looking into his crystal ball, he predicts that the market will hold its own, and that there will be no significant price increases over the next 12 months.