Limerick Property Focus: Supply of second-hand properties improving

While the supply of new homes remains critically low there are hopes that prices may level off in the Mid West capital

There remains a chronic, overall shortage of homes suitable for first-time buyers. Picture Dan Linehan

New homes are in extremely short supply in Limerick city but some local auctioneers say the supply of second-hand properties has been showing signs of improvement in recent weeks.

“We listed 26 houses in the last week and a half which is more than we have seen in quite some time. These included everything from a derelict cottage for €65,000 to a house on the South Circular Road for €775,00,” says Declan Barry of O’Connor Murphy auctioneers.