Dublin bucking the trend of rest of the country for house prices

The latest report from property website Daft.ie shows asking prices for properties in Dublin are on average more than 5% higher than a year ago.

According to the second quarter report for this year, prices dropped by 6% on average in Cork city, and 6.6% in Galway.

However, outside the cities prices have fallen by 6% in Leinster, 11% in Munster and 12% in Connacht-Ulster, over the last 12 months.

Kieran Harte, the Marketing Director of Daft.ie, said the typical asking price now stands at over 54% below their peak in 2007.