House prices rise 7% in year

The average price of a house nationwide has risen by more than 7% in the last 12 months. It now stands at €247,000 — 7.3% higher than this time last year.

The latest house price report by property website Daft.ie shows that, since 2013, the average asking price for a house is 50% higher. Dublin has seen a 67% rise in prices since 2012.

The cost of an average family home ranges from €587,000 in south Dublin to €124,000 in Leitrim.