Zardebt,
More good and relevant points raised, thank you. I must admit I'm only just after looking at that daft report now, didn't realise they covered limerick as well, and the drop in rent in limerick looks scary alright.
1. When you talk about saturation your talking about rental market saturation, I couldn't imagine anyone from outside the area moving into the area it would be a local looking to return, which reduces my market I know, but at the moment that's my target.
2. Nothing I can do about that
3. There is a lot of For Sale signs up alright, I think it is because people want to cash in on the boom and get value for their houses which would have been worth very little 7-8 years ago, another area I should examine more closely
4. Area is actually very central, 10 minutes walk to limerick city centre, 5 minutes walk to local primary school, 5 minutes walk to Dublin road and bus link and 2 minutes walk from shop, chipper and pub.
5. Yes I can't see the area going through the roof in the next 5 years, but again my main concern is the rental demand and will that be sustained over the long term. The saturation of properties for rent and the fall of rents in limerick shown in the daft report would be my main concerns.
6. Yes I should get good advice on that.
Thanks again.
Peadar