Divergence in house prices set to continue

The great divergence in house prices around the country is likely to continue over the next year or two, with prices rising in some places, particularly Dublin, and falling elsewhere.

Research by Daft.ie has found that while house prices nationally fell by 4%, compared to 15% a year ago, the overall decrease was strongly influenced by house prices rising in the capital.

Across Dublin, asking prices are on average 5.3% higher than a year ago, but outside the capital prices are down by almost 9%.