House prices outside Dublin on the up

House prices outside Dublin have out-performed the capital for the first time since the recession began, new official figures show.

The latest property index from the Central Statistics Offices shows that although Dublin recorded a year on year increase of 9%, the growth rate was 9.6% for the rest of the country.

In 2007, house prices outside Dublin increased by 8.4% , compared to 5.5% in Dublin. On a regional basis, the out-performance continued outside the capital in July, with prices rising by 1.2%, compared to the 0.7% gain in Dublin.