Greg O’Shea launches health and wellness app

The auctioneer, based in Nenagh, is confident of achieving the guide price of over €2m. “The new owners would have a return of nearly 8% of a yield on our asking price. Anybody that is getting 8% of a yield is a good return for any investor,” said Mr O’Connor. According to the Daft Rental Report Q3 2021, released last November, rents in Limerick city climbed by 8.9% in the last year. The average rent is now €1,373. In County Limerick, rents were on average 13.2% higher in the third quarter of 2021 than a year previously. The average listed rent is now €1,067, up 89% from its lowest point. Ronan Lyons, economist at Trinity College Dublin and author of the Daft Report, said: “While some argue against the construction of large numbers of purpose-built rental homes, any solution to the chronic shortage of rental homes in Ireland must include building new ones.”