Limerick House Price Survey September 2025

The price of the average second-hand three-bed semi in Limerick city has risen by 3pc in the last three months to €340,000, according to a national survey by Real Estate Alliance.

This represents an 8pc rise in average property values in the city over the past year, the REA Average House Price Index shows.

Average three-bed semi-detached prices in the county rose by 10pc annually, with a 1.8pc increase in the last three months, and are currently at the €275,000 level.

Homes are reaching sale agreed in three weeks in the city, according to agents REA Dooley, with 75pc of homes being sold to first time buyers.

The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.

The announcement of a nationwide rent pressure zone has triggered a sharp increase in landlords exiting the housing market, the survey showed – accounting for 60pc of sales in Limerick city in the past three months.

The Government’s announcement in June was followed by an immediate spike in landlord sales in many areas now included in the legislation.

REA agents in Carlow, Kerry and Waterford have reported that over 40pc of their sales are attributable to landlords in the past three months with that figure rising to 80pc in Nenagh.

The REA survey also found that properties with a BER rating of A commanded an average 17pc premium over C-rated stock – reflecting the rising attractiveness of retrofitted homes.

The actual selling price of a three-bed, semi-detached house across the country rose by 1.6pc in the past three months to €353,458, a 9.1pc overall rise annually.

The rate of increase in Dublin has more than halved in the past three months, with REA agents reporting a marked drop in viewings in the capital and homes now taking five weeks or more to reach sale agreed.

Selling prices in Ireland’s major cities outside Dublin rose by 2.2pc to an average of €368,492 – an 8pc annual increase.

Homes in the country’s large towns continue to show growth nationwide, 2.2pc this quarter and 10.7pc on last September to an average of €269,199.