In Limerick, the average price of a three-bed, semi-detached house is now €345,000. It has gone up 13.8% in a year. It has gone up 40% in five years. This issue of bulk buying by investors is one of the reasons behind house price inflation in Limerick. Some experts say it can account for up to 20%, or one third, of house price inflation. Why did the Government take some action in 2021? It is important to remember that action was taken on foot of what I can only describe as intense political pressure and a really lo…