In a recent survey conducted by US company Demographia, Limerick was declared the most affordable place to purchase a home.
Competing against hundreds of cities around the world, the Demographia International Housing Affordability Survey uses a ratio between median household income to median house prices and then rates the city on a scale of one to four and above. A ratio lower than three is considered affordable, between three and four is moderately unaffordable, and four and over is seriously unaffordable.
With a rating of two, Limerick is about two times more affordable than Galway and Cork, and more than three times more affordable than Dublin.
That’s Limerick city.
In other news, Airtricity is the third energy provider to announce it’s dropping energy prices, with annual savings of €58 for the average dual fuel customer.
Bord Gáis Energy announced last week that it is to cut gas and electricity prices, the second supplier to do so after Electric Ireland announced price decreases late last year.
Stephen Wheeler, SSE Airtricity’s Managing Director, said: “I’m pleased today that we’re announcing price cuts to our standard unit rates as well as our standing charges that will save our dual fuel customers €58 on average. In this way we’re delivering on our commitment and making a difference for our customers.”