According to Ireland property portal Daft.ie, the national average asking price for a home in Ireland in the third quarter of 2016 was €221,000, compared to €205,000 a year ago and €164,000 at its lowest point.

In Dublin, prices have risen by an average of €102,500 - or 46.5% - from their lowest point in mid-2012. Outside the capital, the average increase has been €48,600, or 36%, since the end of 2013.

Prices continue to increase sharply in cities outside Dublin. Compared to the same period in 2015, prices in the third quarter of 2016 were 10% higher in Cork and 12% higher in Galway. In Limerick city, the increase was 14%, while in Waterford prices rose by 16% in 12 months. Inflation outside the cities varies from 7% in Munster to 11% in Connacht-Ulster.

The total number of properties for sale nationwide has been largely stable since the start of the year. There were just under 24,900 properties for sale in September, slightly below the June figure and slightly above the total for March. Nonetheless, compared to a year ago, supply continues to tighten, with 14% fewer homes available.

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