Dublin house prices rose for the first full calendar year since 2006 but the rise was only 1.5%. However there is pent-up demand for property, according to a survey.
House prices have gone up again in September, the third consecutive month to see a rise, according to new CSO figures
A pioneering mortgage scheme designed to help property owners from falling into negative equity has been extended by the National Asset Management Agency.
Four in 10 house purchases are now made in cash as the lack of credit in the mortgage market continues to impact property prices.
House prices have increased for the third month this year giving rise to hopes that the market may be bottoming out.
Bailed out bank AIB is piling the pressure on home owners by raising its standard variable mortgage rate by 0.5% despite the ECB rate being cut to a historic low.
Some 400,000 home owners on tracker rate mortgages will see savings on the monthly payments from August along with Ulster Bank customers with variable rate mortgages.
The worst may be over in the property market with the first monthly increase in property prices in almost five years, according to new government figures.
The credit rating agency Standard & Poor's has said that residential property prices in Ireland may continue to fall.
One in ten mortgages are in arrears of more than 90 days as the number of householders who get in diffculty rises, according to new figures.