Limerick city house prices were above the national average in 2025

THE PRICE of a second-hand three-bed semi-detached house in Limerick City has gone up by 7.8% in a year - almost 2% higher than the national increase. 

According to a national survey by Real Estate Alliance (REA), a three-bed semi in the city now costs an average of €345,000, compared to €320,000 at the end of 2024. 

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Nationally, prices rose by 6.7%, with a national average of €277,500. 

In county Limerick, a home took an average of four weeks to sell, while in the city the timeframe was quicker at just three weeks. 

“While the percentage of landlords exiting remains the same as the quarter before, we expect that the first quarter 2026 will see a rise due to the new legislation coming in next March where all new tenancies will be subject to a 6-year lease,” said Pat Dooley of REA Dooley.

“We have had numerous enquiries in our offices relating to this new legislation and we have been instructed to send out many termination notices on the foot of same. 

“Landlords by and large do not want to be tied into long leases, even if they are happy with their tenancy there may be varying reasons as to needing the property back in the short-term future. 

“Unfortunately it seems that Government are sleep-walking into another even bigger rental crisis.

“While this might help the ever-growing shortage of stock for the sales market, it will inevitably be to the detriment of the rental market.”

Research from REA shows that at the end of 2025, 75% of buyers in the city and 80% of buying in the county were first-time buyers, with 50% of sales in the county and 60% in the city were attributed to landlords leaving the market. 

According to agents, there will be a further rise in landlords exiting the housing market in the first quarter of this year.