Limerick house prices continue to rise

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THE price of the average three-bed semi in County Limerick is expected to rise by eight per cent in the next 12 months, according to a survey by Real Estate Alliance.

In Limerick City, the price of a three-bed semi in is expected to rise by four per cent in 2019.

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Prices in the county rose by 8.1 per cent to €160,000 in 2018 – with no change between September and December. In the city, prices rose by 4.2 per cent to €200,000 in the last 12 months, with no increase between September and December.

Michael O’Connor of REA O’Connor Murphy in Limerick predicts an increase in the new homes market while the second-hand area will show little change with sales taking longer to transact.

Overall, the average house price across the country rose by 4.6 per cent in 2018 – a decrease on the 5.4 per cent recorded to September, indicating the market is continuing to steady after an 11.3 per cent overall rise in 2017.