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.