Prices reveal two-tier property market

A two-tier property market in Ireland is emerging, with house prices rising or stabilising in Dublin but continuing to drop in cities and towns outside of the capital.

Two reports published today provide slightly different results about the property market in Dublin but show prices have begun to climb in some areas of the city.

Research by Daft.ie claims general asking prices in Dublin have increased by 0.5% over the past year, while similar research by Myhome.ie found average asking prices in Dublin fell by 4.8%. Nevertheless both studies agree that prices have stabilised in the capital.