Dublin home price 30% above national average

The recovery of Dublin property prices continues to far outstrip the rest of the country, with homes in the capital now selling for an average of up to 30% higher than elsewhere, two separate reports on first-quarter trends show.

Ronan Lyons, economist with Daft.ie, found that prices rose nationally by 3.7% during the first quarter of 2014, the largest quarterly rise since mid-2006.

He said the average asking price nationwide now stands at €177,000, compared to €171,000 a year ago and €380,000 at the peak.