House prices continued to fall in the second quarter of this year, according to two new surveys published today.

However, the price reports have found that the rate of decline has stabilised in Dublin with price rises recorded in some parts of the capital.

The Daft.ie survey for the months of March to June found that prices in the capital fell by 1.2%, with largely stable prices also recorded in the Cork and Waterford city areas.

In Galway and Limerick, city prices fell by between 3.4% and 3.9%.

The national average asking price is now €172,000 – 53% below the peak of the market in 2007.

A Myhome.ie survey shows a decline in prices nationally of 3.2%, with some areas of Dublin recording price increases.

Based on a mix of asking prices nationwide, Myhome.ie says the average price of a house is now €212,000 - down 49% from the final quarter of 2006.

Prices in Dublin are down by 56% over the same period.