HOUSE prices in Limerick city have risen by over 15% in the past year, climbing to an average of €153,892, according to the latest quarterly report from the property website Daft.ie.
In the county, prices have risen by just over six per cent in the past year to €152,531.
The quarter-on-quarter change in county Limerick property is just under one per cent, and in the city it has risen by 2.8% in the past three months.
The price change since the trough in the city, when prices bottomed out, is 29.6% and in the county, they have risen by 15.9% since the crash.
Despite the increase, Limerick remains one of the most affordable places to buy in the country – cheaper than Kerry, where average prices are nearly €169,000; Galway where the average is nearly €237,000 and Cork (€185,000). Tipperary and Clare are cheaper at €149,000 and €151,000 respectively.