House Prices are on the up but huge lack of supply especially in Limerick

As Ireland emerges from the property crash €200,000.00 seems to be the current average cost of a 3 bedroom semi-detached home.  However, the news is not good as sales are dropping due to lack of supply to meet the present demand.

Dublin has recovered best with a 3 bed semi just over €373,000.00.   A similar house in Cork or Galway ranges from 215,000 to €220,000.00 and it could be as low as €133,000.00 in Limerick.  Limerick Auctioneers and Estate Agents have experienced a drop in sales of 23% as a result of the housing shortage. It has been reported that there are only enough houses available in Limerick to meet half the current demand.