Property prices increase by 10.5% amid lack of supply

House and apartment prices increased by 10.5% to the end of April this year, the biggest rise since two years ago when prices rose by 11.2%, it has emerged.

Residential property prices outside of Dublin increased by 13.4% in the period up to April.

The highest house price growth of 17.8% was recorded in the West of Ireland, while growth was lowest in the Midlands at 9.3%.