Residential property prices up by over 6.5% in year to June. Article from

House prices are still on the climb across the country but in Dublin where property prices are slightly pulling back it would appear.

Property purchasing prices are increasing but not as fast as residential rents. This is becoming a big problem for prospective tenants in all areas of the country.

In Limerick, in our opinion, it is apparent that many Limerick property landlords are still exiting the rental market, putting even more pressure on the Limerick tenant.


60% of houses sold in 2014 were bought for cash!

It would appear that a large number of houses sold by Limerick Auctioneers and Estate Agents and other auctioneers throughout the country in 2014 were bought by cash buyers. At the height of the property boom this figure was 25%.

There has been a fall in mortgage drawdowns since the financial crisis.

For more on this subject see





Ennis Road Retail Park, a Limerick Property, sells for €15,000,000.00

A short while after Childers Road Retail Park sold for €46 million, an investor has agreed to part with a figure close to the asking price of €15 million for the Limerick property on the other side of the city.

See more at…

New Listing. For sale in Limerick with Rowan Fitzgerald Limerick Auctioneers and Estate Agents!


Rowan Fitzgerald Limerick Auctioneers and Estate Agents are delighted to bring this great investment property to the Limerick property market. The Orchards is located close to the University of Limerick, an easy walk and an even easier cycle.

The property has gas heating(LPG) and double glazed windows. The location is also close to the Castletroy shopping centre, a host of shops and amenities, the Plassy Industrial Estate is minute’s walk away and the M7 is only minute’s drive. Bus stops are also 100- 150 yards away.

This property has space suitable for 5 bedrooms to be let out appropriate for student letting at the University.

The accommodation includes:

Measurement’s are in metres.

Kitchen 3.45×3.12
Utility room 2.58×1.54
Living room 3.68×3.95p
Wc .8×1.93
Bedroom 1 4.15×3.52
Ensuite 1.79×1.89
Bedroom 2 4.49×2.55 (At rear next to bedroom 1)
Bedroom 3 3.68×4 (To front on 21st floor)
Bedroom 4 2.66×4.42 (Under stairs)
Bedroom 5 2.58×3.89 (To front off kitchen)
Bathroom 2.14×1.88
Hall 1.17×1.93
Landing 4.49×1.83


Directions to 5 The Orchards, Killmurray, Castletroy, Limerick:

Coming from Limerick City Centre.

On the N7, traveling out of Limerick City turn left immediately before the Hurlers pub.

Follow the road, it veers to the right.

The Orchards is on the rights hand side opposite the Church.


See walkthrough video at :


Viewings can be arranged through Rowan Fitzgerald Limerick Auctioneers and Estate Agents at 061 279423.

Rowan Fitzgerald Auctioneers Shop Front

Rowan Fitzgerald Auctioneers Shop Front

Poll: Should first-time buyers get a government grant? Article from

NEW PLANS TO tackle the housing crisis include a scheme to help first-time buyers get on the property ladder.

It is likely this scheme will involve a tax rebate, but The Irish Times reports that ‘top-ups’ to cover a deposit may also be on the table.

So, we want to know: Should first-time buyers get a government grant?


‘I am afraid that it’s already too late for me to ever own my own property’. From the

Renting was once seen as a step towards the property ladder and owning a home.

But now people of all ages are finding themselves tenants, for indefinite periods of time. The high costs involved mean that a mortgage remains a pipedream for most.

Paula Saul (28), from Clondalkin, Co Dublin, is struggling to make ends meet in private rented accommodation. She works part-time as a care assistant in a nursing home and is a single parent to a four-year-old daughter.

“Before I had my child I worked full time. I would have liked to save for a mortgage but there’s no possibility of that now,” said Paula.

“I don’t think I’ll ever be able to buy my own home. I’d like to imagine that I would, but I’m paying rent. I’d never be able to save anything.”

Although she is on the waiting list for a council house, Paula and her daughter are going down in the list of priority rather than up.

“I went to them before I started renting to see how long I would be waiting, and they said that 250 people were in front of me.

“Then I went back six months later and there were even more people in front of me that had been prioritised,” she said.

Paula searched for over a year to find housing that would accept rent allowance. “I viewed over 50 properties and I just never got a call back,” she said.

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New scheme to help first-time buyers on the way – and it will be back-dated. From


FIRST-TIME BUYERS are to get a dig out from government to help them purchase a home.

The package, which will most likely take the form of a new tax-rebate scheme, is due to be announced in the Budget.

It aims to help those struggling to get on the property ladder. However, speaking today, Housing Minister Simon Coveney was keen to point out there would be restrictions to the help-to-buy scheme.

The initiative has yet to be signed off on, as the Minister for Finance, Michael Noonan, wants to discuss the plans further with the Central Bank, Coveney said.

Central Bank rules 

Under the Central Bank rules introduced in January of last year borrowers are expected to arrive to market with at least a 20% deposit saved for the value of the house they hope to buy.

For first-time buyers the rules are slightly more lax, with 10% of the first €220,000 required, and 20% thereafter.

Coveney said there was a delicate balance to be struck:

What you don’t want to do is increase the capacity of first time buyers to spend more without actually having a correspondence in an increase in supply, so this needs to be a supply boost as well as a help-to-buy plan.

A day in the life of a Limerick estate agent!


The other day someone asked me what it’s like to be an estate agent. I’m doing this since 2001 in Limerick and I don’t think anyone ever actually asked me what the job is like. After I told them what I had done on that particular day they said, “really, you do all that, at least you never get bored, I sit at a desk all day looking at a computer screen”. So, I thought why not write something for the websites blog!

Ill take last Thursday(14.7.16)) for example, my day starts at 8:30am, So here it goes:

8:30am: Paperwork gets underway, this is a big part of estate agency these days as the new regulator who came in 3 or 4 years ago have made things a lot tighter. Other paperwork that morning involved me completing two, what I call “tenancy packs”, for landlords. This is compiling all the details that are involved in the letting of a residential property. This includes the tenancy agreement, inventory, condition photos, tenants ID, work reference, previous agency references (not all tenants come with a reference from another estate agent or auctioneer but both these tenants did), changing over the bills with the utility readings we recorded for the tenancy. The RTB registration form was filled out for the landlord to submit and a relevant cover letter drawn up.

9:05am: An offer on a property we have for sale in Limerick came in. The offer details are recorded on the PSRA offer form and then a quick call was made to the seller to let them know what the figure was. It was a little below the asking price on the house so the buyer would have to do a bit better.

9:15am: A commercial valuation needed to be worked on, this is a building in Limerick city centre and I had to look for a couple of comparables. This is quite a unique property so gathering comparables for this valuation wasn’t the easiest.

10:30am: We do BER’s or Building Energy Ratings also and I needed to get started on one of these. This was a house which was going up for rent in Limerick and every property these days that is rented or for sale requires a BER.

11:10am: Before I left the office I logged onto and I renewed our property adverts for the day.

11:30am: I met viewers near Punchs Cross in Limerick to show an apartment for sale. The viewers arrived on time and we got started. They brought another estate agent with them which they knew. This happens sometimes if a person knows another auctioneer or estate agent, I have gone to viewings with friends on occasion as they value a person’s opinion who works in the property industry.

12:00pm: I’m think of taking an office in Limerick city centre and I arranged to meet an office fit out company to measure up and quote for the job.

12:45pm: My next appointment was to meet a new tenant who was accepted for the rental of an apartment at The Strand apartment complex. They paid the holding deposit for the property and took one more look at it as well. They were delighted to secure such a great property as in order to rent in Limerick these days it’s very difficult due to the shortage in the housing market.

1:30pm: Another viewing, this time it was on the Ennis Road, a rental property. The person was a little late so gave me time to catch up on a couple of calls and make my to do list a bit shorter! The person arrived, however it turned out they had a dog so renting this flat was not suitable. They thought it would be suitable but I’m afraid I wasn’t allowing it.

2:30pm: Had a meeting with a property developer to discuss the possibility of building a block of apartments for a UK client of mine who hopes to bring quite a large number of employees to Limerick. As I mentioned the housing supply is so short at the moment this is what people are actually starting to consider.

3:30pm A meeting with the utility supplier “Pinergy” is arranged at The George Hotel. I was reluctant to meet with the sales person initially but I have to say I was pleasantly surprised with their new set up. They seem to have re-invented themselves and their product is now quite well suited for the rental market in Limerick. I will be talking to many Limerick tenants and landlords in the future about getting on board with this.

4:30 – 5:30pm: Had an hour, again, I use it to catch up on emails and making and returning calls. Got a late lunch too.

6:00pm: I met with what I hope will be a new client. They asked me to call to their home in Rhebogue, Limerick. They are moving abroad in the next couple of months and they need a property manager to run their property while they are away. I arrive on time and the whole meeting took 55 minutes. I think it went well and hope to hear back from them.

7:00 – 7:30pm: Back over to The Strand apartment complex where I had two more viewings on a second apartment there. I was going to be a bit late so I phone ahead and both viewers were ok with this.

8:15pm: A tenant and a landlord at a property in Dooradoyle have a bit of a disagreement so I was asked to meet with both of them to see if some type of middle ground can be found. This lasts about 10 minutes. Finally it was time for home and it was just 9pm when I eventually do get there.

My day doesn’t end at 9pm every day, normally its about 7pm on average!

Brexit: Recruiters and estate agents seeing spike in relocation queries to Ireland

Estate agents

Mary Dillon of Sherry Fitzgerald told that they have seen huge interest in Irish houses they are marketing through the UK website

“The level in our interest in our properties marketed on rightmove remains exceptionally strong since the referendum.

“It’s up around the 20-30,000 mark each weekend. We monitor it on the daily basis.”

Sherry Fitzgerald had 8,556 ‘hits’ for their houses in the weekend before Brexit, but on the two post-Brexit, the hits went up to 20-25,000, despite the fall in sterling.