Rise in house prices in Limerick and not enough new houses to meet demand

HOUSE prices in both Limerick city and county have risen by more than 6%, with apartment prices in the city rising more than 12%. 

This is according to the latest daft.ie report for the final quarter of 2025. 

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Prices for a semi-detached three-bed house in County Limerick were up 6.1% at €277,000, while a detached two-bed went up 1.2% to €178,000. 

Meanwhile, in the city, a semi-detached three-bed went up by 7.6% to €360,000 and a three-bed apartment went up by 12.3% to €291,000 - more than a semi-detached three-bed house in the county. 

Ronan Lyons, professor in economics at Trinity College, Dublin and author of the daft.ie report said that the figures nationally reflect a slight slowdown in inflation. 

He said: “The volume of second-hand homes put up for sale over the course of the year was just over 53,000 – this is down compared to peak in early 2023 of 63,000, before the interest rate shock kicked in. And it’s also down about 10% compared to the pre-covid level. A fall-off in supply of about 10% is one thing, but trends in availability on the market – which reflects both supply and demand – are worse. 

“There were only 11,500 second-hand homes available to buy on December 1. While that’s up 7% year-on-year, it is less than half the pre-covid average of over 26,000. Dublin partially offsets this, as its supply picture is rosier than elsewhere. 

He added: “The price dynamics that we are seeing are merely a reflection, as ever, of the interaction between underlying demand and supply. The country requires, realistically, over 60,000 homes a year every year for decades to address the housing deficit built up over the last generation and to meet new housing requirements. But the second-hand market is still the dominant source of supply for homes to purchase. 

“While in Dublin, second-hand supply is almost back to 2019 levels, in Munster, it is still one third below. Without supply, healthier conditions – more stable prices – will still be out of reach.”