For sale with Asset Property Services Estate Agents. Annagh, Lisnagry, Co. Limerick.

Walkthrough Video. Please call us on 061 279423 for a viewing.

 

Ronan Lyons, Daft’s in-house economist, commenting on the latest Daft research on the Irish property market.

This latest Daft.ie House Price Report shows some signs of health in the market, amid a broader problem of a chronic lack of supply. The first sign of slightly better health is that the total number of properties actively on the market at any one time has risen, compared to three months previously (June compared to March). This is only the second time in five years that this was the case – the first was the same quarter last year, so it remains to be seen whether this is merely seasonal or the start of a bigger trend.

The second measure of slightly improved conditions in the housing market comes from a comparison of the asking and sale prices. Each property registered as sold on the Property Price Register is, where possible, matched up with a listing in the Daft.ie archives. This allows the inclusion of variables such as property type and size and also enables the calculation of the Transaction Price Index in the report. The trends in this index confirm the more precisely estimated trends in list prices in the 54 markets around the country: largely stable prices in Dublin but still increasing steadily elsewhere, albeit not as fast.

http://www.daft.ie/report

Residential property prices are up almost 7% compared to a year ago

THERE HAS BEEN a 6.9% rise in the price of residential properties in the year to the end of May, according to new figures published by the CSO.

The data shows that the rate of increase is slowing down – prices were up 0.2% last month compared to a 0.3% rise in April and an increase of 0.5% recorded in May of last year.

In Dublin, property prices were 4.8% higher than a year ago and increased by 0.1% in May. Dublin house prices increased by 0.4% in the month and were 5.7% higher compared to a year earlier.

http://www.thejournal.ie/residential-property-prices-dublin-ireland-rise-2853120-Jun2016/

Expected Bank of England interest rate cut could provide Brexit boost

The UK economy could be given a post-Brexit vote boost this week as expectations mount that the Bank of England will cut interest rates to a new historic low.

Bank governor Mark Carney has already signaled policymakers on the Monetary Policy Committee would vote to cut rates over the summer, suggesting a cut in July or August.

Economists said it was “now probable” rates will be cut on Thursday, with financial markets pricing in a reduction from 0.5% to 0.25%.

http://www.rte.ie/news/business/2016/0711/801609-bank-of-england/

House prices up 15% in Limerick. (Limerick Leader newspaper)

HOUSE prices in Limerick city have risen by over 15% in the past year, climbing to an average of €153,892, according to the latest quarterly report from the property website Daft.ie.

In the county, prices have risen by just over six per cent in the past year to €152,531.

The quarter-on-quarter change in county Limerick is just under one per cent, and in the city it has risen by 2.8% in the past three months.

The price change since the trough in the city, when prices bottomed out, is 29.6% and in the county, they have risen by 15.9% since the crash.

Despite the increase, Limerick remains one of the most affordable places to buy in the country – cheaper than Kerry, where average prices are nearly €169,000; Galway where the average is nearly €237,000 and Cork (€185,000). Tipperary and Clare are cheaper at €149,000 and €151,000 respectively.

http://www.limerickleader.ie/news/home/210577/house-prices-up-15–in.html Read more

For Sale! Properties coming up.

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Asset Property Services! These Limerick Estate Agents have properties for sale coming up in:

The Orchards, Castletroy, Limerick.

Belmont, Castleconnell, Co. Limerick

Nantenan, Askeaton, Co. Limerick

Old Dublin Road, Lisnagry, Co. Limerick

… For more information phone us on 061 279423.

We have rental properties coming up.

At Asset Property Services Estate Agents, we will have a 1 bed flat to rent in Limerick city center, detached house in Annacotty and a small detached house in Parteen coming up. Please call us on 061 279423.

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Properties for sale coming up!

At Asset Property Services Estate Agents, we have new “A” rated detached homes coming up in Askeaton and Castleconnell, just outside Limerick. Call us on 061 279423 for more information.

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