Friday 20 September 2019

Limerick County: Repossession sales holding back market

Average Price: €130,000
Areas: Castleconnell, Adare, Cratloe, Clarina, Murroe, Rathkeale, Foynes, Newcastle West, Shannon
Up: No change
One Year Forecast: No change
Assessing Agent: De Courcy Auctioneers

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.

Ardnacrohy, Cork Road, Newcastle West, Co Limerick. Sale Price: €252,500.00
Ardnacrohy, Cork Road, Newcastle West, Co Limerick. Sale Price: €252,500.00

"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.

Limerick County
House Types201420152016
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
4-bed detached, €205,000 €205,000 €205,000
5-bed detached, €238,000 €240,000 €240,000
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
3-bed terrace, €95,000 €110,000 €110,000
2-bed cottage, €125,000 €125,000 €125,000

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.

ADARE AND CASTLECONNELL: Properties in these picturesque villages attract a premium.
ADARE AND CASTLECONNELL: Properties in these picturesque villages attract a premium.

Independent.ie Guide to House Prices in Ireland

We have surveyed estate agents in every corner of the country to bring you the most comprehensive guide to house prices in Ireland. Whatever type of home and area you are interested in, the details are just a click away using the links below. 

Irish Independent

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