THE cost a three-bed apartment in Limerick City is over 12 per cent more expensive than this time last year, coming in at around €300,000.
That’s just one of the findings from the latest Daft.ie housing report, examining home prices nationally at the end of 2025.
A three-bed apartment in the city centre is now averaging at 291,000, a12.3 per cent higher than 2024 (€171,000) with two beds (€237,000) all up nearly 10 per cent.
Prices increased by 5.5 per cent nationally, standing 41 per cent above pre-Covid levels and 10 per cent below the Celtic Tiger peak.
However, Limerick bucks the trend with the cost of three-bed semi-detached homes in the city at an average of 360,000 – up almost 8 per cent – and four-beds almost 10 per cent more (427,000) than this time last year.
Outside the city, prices shot up as much as 10 per cent for three-bed semi-detached homes (€277,000), with two-bed apartments now costing an average of €165,000.
The median price of a newly built home in the year to December in Limerick was below the national average (€375,000), at €335,000 in the city and €310,000 in the county.
On December 1, there were just 876 second-hand homes actively for sale across Limerick, Cork, Galway, and Waterford.
Trinity College economics professor Ronan Lyons, author of the report, said the “review of 2025 finds similar signals across both list prices and transaction prices – a slight slowdown in inflation”.
“Early indications are that transaction prices (based on transactions matched to listings) rose by 7.4 per cent compared to 8.7 in 2024. Nonetheless, despite the modest decline in the speed of increases, the market remains very tight.”