€8m worth of house sales in Limerick this May

Anne Sheridan

Reporter:

Anne Sheridan

The Triple Crown bar on Athlunkard Street is due to be auctioned next month
NEARLY €8m worth of property sales in Limerick were signed off on last month, the latest figures from the Property Price Register reveal.

NEARLY €8m worth of property sales in Limerick were signed off on last month, the latest figures from the Property Price Register reveal.

Over 50 properties sold across Limerick in May - in line with sales for May 2012 - but the value of sales jumped last month in comparison to previous months.

Sales in Limerick for this April amounted to €5,594,000, up from €4,965,575 in March, while sales this May jumped to €7,987,056.

The most expensive property to sell in Limerick in recent months was Ardbeg on the North Circular Road, which sold for €770,000, according to the database of property sales.

In 2000, the four-bed end of terrace property on 0.8 acres was sold under the hammer by Rooney Auctioneers for £720,000, the equivalent then of €914,000, or €1.2m today.

The second most expensive property to sell last month was Crannac, again on the North Circular Road, for €437,500.

In total there were 53 sales last month, with 68 in Limerick in April, 51 in March, 39 in February and 57 in January.

This year’s sales amount to 268, in comparison to 274 for the same period in 2012.

However, sales in Cork were much higher, at 862, for the first five months of the year, with 408 in Galway, 244 in Tipperary, and 183 in Clare.

The register, which is searchable from 2010 on, shows the figures for Limerick this May are in line with sales for the past three years.

Just one sale in Limerick has been added to the register at present for this June, while 62 sales were made in June of last year.

There are currently over 3,000 properties for sale through Daft.ie, with 125 of those priced at less than €100,000.

A number of properties across Limerick will be up for sale in the next Allsop Space auction in Dublin’s Shelbourne hotel on Thursday, July 4.

The Triple Crown pub on Athlunkard Street has returned to the sale, after having earlier been withdrawn prior to the auction.

The pub, formerly run by Mayor Gerry McLoughlin, has had its reserve written down to €80,000 from €127,000 for this auction.