Lack of supply of homes in Limerick City meant prices rose by between 5% and 15% during 2016 with homes originally priced at €250,000.00 getting as much as €280,000.00. It would appear that First time buyer helped push prices up.
Property in the suburbs of Limerick has seen an increase in value as people grow tired of commuting from outlying areas and want to reside close to their place of work, schools, shops and other amenities.
Limerick Auctioneers and Estate Agents find that properties in rural areas and those in need of restoration are not receiving the same interest as those located in and around Limerick City Center and in villages on the outskirts of the city such as Adare and Castleconnell which have a good array of amenities to offer.
Read More in the Sunday Times Property Price Guide 2017