First-time buyers drive Limerick market

Investment in Limerick's residential property market has been faltering in recent months, and traditional property in student areas is coming under pressure from new section 50 complexes, according to local sources.

9th July, 2005

Investment in Limerick's residential property market has been faltering in recent months, and traditional property in student areas is coming under pressure from new section 50 complexes, according to local sources.

Prices for owner-occupied property have also remained flat during the first half of 2005 with high levels of demand being met by an ample supply of new developments.

Kersten Mehl of Chesser Auctioneers said investors now made up less than 20 per cent of Limerick's residential...

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