Two new reports point to a two-tier property market developing, with the capital recording gains and the rest of the country declining.

A report from says that asking prices in the capital in a 12-month period increased for the first time since 2007.

It recorded an increase of 0.5%.

The overall figures from for the first quarter show a 0.3% increase nationally, with a 1.8% increase in Dublin.

The website registered property prices in Dublin with no change in the first quarter while nationally they fell by 1.8%.

On an annual basis, records prices nationally down 9.8% for the 12 months to the end of March. says they fell 6.6% over the same period throughout the country.