Dublin races ahead with house prices

The latest figures for house prices suggests the market is stabilising nationally while Dublin continues to race ahead with prices up by 6% this year so far.

In the EU, Ireland continues to drop down the list of countries where house prices continue to fall, and is now lying fifth.

The contraction in prices for the first three months of this year compared to the corresponding period in 2012 was 3% according to the latest statistics from Eurostat, and down 2.6% on the last three months of 2012.