Property prices continue to rise amid undersupply

Property prices rose by more than 13% nationally in the year to July and increased by 23.2% in Dublin in the same period.

The latest Residential Property Price Index, published by the Central Statistics Office, also showed that while the quicker rate of increase in Dublin is driving the national rise in property prices, house and apartment prices in Dublin are still way below the peak of 2007.

Nonetheless, property prices outside of Dublin are now rising at their fastest rate since 2007.