House sales across Limerick now at their highest in four years

Anne Sheridan

Reporter:

Anne Sheridan

No 17 Rathlinn in Castleconnell is up for sale for �365,000
OVER €14 million worth of house sales were made in Limerick last month, one of the highest figures for the year, indicating a continue uptrend in the property market.

OVER €14 million worth of house sales were made in Limerick last month, one of the highest figures for the year, indicating a continue uptrend in the property market.

The eight-figure sum across Limerick city and county is the result of the sales of 95 houses in September, making it by far the healthiest September for property sales over the last four years, according to the latest transactions listed on the national Property Price Register.

The most expensive property to sell last month was No 1 Wellesley Terrace on Clancy Strand, for €650,000, followed by a set of apartments on the Father Russell Road for €595,000.

The sales of a number of other properties in Limerick came close to the half million mark. They were: 7 Kylemore, in Castletroy for €474,000, and No 68 Adare Manor for €400,000.

Number 8, Cherryfield in Castletroy was sold for €360,000.

To date this year 889 properties have sold in Limerick – the highest number in four years.

House sales in Limerick in August amounted to over €11,871,000, and peaked in July at €15.4m

Meanwhile, a survey varried out by Real Estate Alliance shows that the price of a three-bed semi in Limerick has risen by 5% over the past three months to the end of September this year, now standing at €126,000.

REA O’Connor Murphy in Limerick said they have seen a definite increase in transactions taking place in the current market, with demand coming predominantly from first time buyers as well as families looking to upgrade.

There has also been a noticeable increase in investors and this in turn has improved the apartment market with prices for properties in good condition in prime locations seeing increases of 10%.

Speaking in Limerick recently, Angela Keenan, director of MyHome.ie, said the most popular areas for buyers, are in the city, followed by Castletroy, Dooradoyle and then Newcastle West.

The property website Daft.ie currently has over 2,360 properties available for sale in Limerick, with the majority of those – 72% – coming in at under €250,000.