Dublin demand pushes home prices up 5.6%

Prices of homes for sale rose by 5.6% in the past year, but the increase in values was entirely due to a surge in demand for properties in Dublin.

Residential property prices in Dublin jumped 13.8% in the year to the end of November, which boosted the national average. But if Dublin is excluded, prices nationally fell by 0.6%.

However, a sign that the opposing trends might begin to move in the same direction is the fact that there was no fall in prices outside of Dublin in November.