Real Estate in Limerick, Ireland
Last updated on May 05, 2024
Summary: The average cost of a nice 2 bedroom home in Limerick, Ireland is around €200,000 (approximately $235,000 USD). A nice 3 bedroom home in Limerick is around €250,000 (approximately $294,000 USD). These properties typically include modern amenities such as central heating, double glazing, and fitted kitchens. There are no restrictions on foreign ownership for properties in Limerick. An expat should search for a home to buy in Limerick by researching the local market, attending open houses, and consulting with a real estate agent. The most desirable neighborhoods in Limerick include Corbally, Castletroy, Dooradoyle, and Raheen. These areas are known for their excellent schools, parks, and amenities.
How do I find a place to live in Limerick?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"If you are looking for a place to live in Limerick, there are a variety of options available. You can search online for rental properties, or contact a local real estate agent to help you find a suitable place. You can also look for rental ads in local newspapers or on bulletin boards in the area. Additionally, you can ask friends and family who live in the area for recommendations," said one person in Limerick.
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What is a typical expat home or apartment like in Limerick?
"Expat homes and apartments in Limerick typically feature modern amenities and furnishings. Many of the apartments are located in the city centre, providing easy access to shops, restaurants, and other attractions. Expats can also find homes and apartments in the suburbs, which offer a more peaceful atmosphere and plenty of green space. Most expat homes and apartments come with a fully equipped kitchen, comfortable bedrooms, and a living area. Many also have balconies or terraces, providing a great place to relax and enjoy the views," said one expat who made the move to Limerick.
What is the average cost of housing in Limerick?
If you are thinking about moving to Limerick, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Limerick varies depending on the area and type of property. Generally, the average cost of renting a one-bedroom apartment in Limerick is around €800 per month, while the average cost of buying a three-bedroom house is around €200,000," said one person in Limerick.
Should I buy or rent a home in Limerick?
If you have not spent a lot of time in Limerick, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Limerick can be a great investment. The city is known for its vibrant culture, excellent schools, and strong economy. The cost of living is relatively low compared to other cities in Ireland, making it an attractive option for those looking to purchase a home. Renting a home in Limerick can also be a great option, as it allows you to enjoy the city without the commitment of a long-term mortgage. Additionally, the rental market in Limerick is quite competitive, so you may be able to find a great deal on a rental property. Ultimately, the decision to buy or rent a home in Limerick will depend on your individual needs and preferences," said one person in Limerick.
What do I need to know when buying property in Limerick?
When we asked expats what advice they would give a foreigner before buying a property in Limerick, they said:
"When buying property in Limerick, it is important to research the area and the local market to ensure you are making a sound investment. It is also important to consider the local amenities, transport links, and schools in the area. It is also important to be aware of any local taxes or fees that may be applicable to the property. Additionally, it is important to ensure that the property is in good condition and that all necessary paperwork is in order. Finally, it is important to seek professional advice from a qualified solicitor or estate agent to ensure that the purchase process is completed correctly," said one foreigner living in Limerick, Ireland.
Are foreigners allowed to own property in Limerick?
When we asked expats what advice they would give a foreigner before buying a property in Limerick, they said...
"Yes, foreigners are allowed to own property in Limerick. There are no specific restrictions on foreign nationals purchasing property in the country. However, they may need to comply with certain legal and financial requirements, such as obtaining a tax identification number and opening an Irish bank account. Additionally, non-European Union citizens may need to obtain permission from the Irish government if they plan to reside in the property for an extended period," said one foreigner living in Limerick, Ireland.
What appliances are typically included in a rental?
We asked foreigners in Limerick what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Limerick typically include a refrigerator, oven, stove, washing machine, and dryer. Other common appliances may include a dishwasher, microwave, and toaster," explained one person living in Limerick, Ireland.
Additional Information about Searching for a Home in Limerick:
We asked foreigners in Limerick what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Limerick often start their search by browsing online property websites and local classifieds to get an idea of the housing market. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already settled in Limerick. Additionally, they can reach out to local real estate agents who have experience working with expats and can help them find a suitable home. Visiting the city and exploring different neighborhoods can also be helpful in finding the perfect home, as it allows expats to get a feel for the area and its amenities. Finally, networking with locals and attending community events can provide valuable insights and connections that may lead to potential housing opportunities," explained one foreigner living in Limerick, Ireland.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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