€11m made in Limerick house sales in June

Anne Sheridan

Reporter:

Anne Sheridan

Sillogue, near the Golf Links Road in Castletroy has sold for �390,000
HOMES across Limerick city and county to the value of €11m sold in June, according to the latest listings with the Property Price Register.

HOMES across Limerick city and county to the value of €11m sold in June, according to the latest listings with the Property Price Register.

The national database of all houses sold shows that some 768 properties have sold so far this year in Limerick, nearly 20% higher than the amount sold in the same timeframe last year.

The most expensive properties to sell last month – as seen in the table opposite – were Sillogue, off the Golf Links Road in Castletroy for €390,000; Glenview House & Cottage in Anglesboro for €365,000; Murroe Wood for €380,000; a property near Lough Gur for €320,000, and 139 The Grange, Raheen, for €311,000.

By comparison with the Limerick figures, just 35 homes were listed as sellin in Clare last month, 60 in Kerry, 205 in Cork, and 654 in Dublin.

Some €14m in house sales were made in Limerick in May, when 138 houses sold.

The price of an average three-bedroom semi-detached house in Limerick has risen by nearly 11% to €155,000 in the second quarter of this year, according to a national survey carried out by Real Estate Alliance.

According to Michael O’Connor from REA O’Connor Murphy, viewings and enquiries have increased by 40% this quarter and there are more mortgage-approved customers coming to the market. “There is a general shortage of good quality homes and we believe prices will increase by a further 10-15% before the end of the year,” Mr O’Connor said. “Two new developments have just started in Limerick with a further three to commence the end of the year or early next year.”

The average semi detached house nationally now costs €186,968, the REA Average House Price Index found. However, the price of an average three-bed semi in Dublin city has fallen by over €19,000 in the past three months.

Meanwhile, the cost of house rebuilding in Limerick is higher than the national average, according to the Society of Chartered Surveyors Ireland. The average rebuilding costs for a three-bedroom semi-detached house in Limerick are €138,105, at €135 per sq/ft.