Drop in the number of homes available to rent in Limerick

Chief Economist Sean Golden, Director of Policy Limerick Chamber, Miriam O’Connor Limerick Chamber President, Dee Ryan Limerick Chamber CEO. Photo: Shauna Kennedy, Morning Star Photography.

THERE were 10 less homes to rent in Limerick city and environs in October compared to the previous month.

That’s according to Limerick Chamber’s latest Mid West Rental Monitor, which found that there were just 21 homes available to rent in the area during October.

The average price of the properties available to rent was €1,989, with the median price standing at €2,000 per month.

In County Limerick, there were just 34 properties available to rent, with the average price standing at €1,780, while the median price was €1,650, both representing a decrease on the previous month.

Elsewhere in the Mid West, Clare saw an increase in the number of homes available on the rental market, with a total of 38 available in October.

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Tipperary saw a similar trend, with a total of 33 residential homes available, an increase of eight on the previous month.

Seán Golden, chief economist and director of policy at Limerick Chamber, said: “October 2023 rental prices in the Mid West region of Ireland saw a noticeable dip after reaching peak levels in September. Supply in Limerick City has dropped by 16 per cent  year-on-year, while at the county level it has dropped by 15 per cent.

“At the same time, prices have increased by 23 per cent across the whole county and 18 per cent in the city. Meaning, new tenants would pay an additional €3,500 – €4,000 when renting now, compared to if they were to rent at the same period last year.

“While November brought some good news on the housing front, it will be a long time before

The original article can be found here

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