Reports: Continuing divide between Dublin and rest of country on housing prices

Two reports on asking prices for houses in the Republic of Ireland show that Dublin is the only place with a rise.

According to the latest survey from MyHome.ie, prices remained stable for properties in counties Kildare and Cork while in Dublin they have grown by 1% year on year.

Asking prices for houses outside of the capital are beginning to stabilise in some counties.

The average asking price nationally now stands at €193,000, according to MyHome.ie.

Managing Director of MyHome.ie, Angela Keegan said the annual rate of decline is starting to ease and now stands at 8.6%.

In an earlier report from Daft.ie, 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 from Daft.ie, 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.