Two new property price reports, both based on asking prices, have given different impressions of how the residential market is faring.

Myhome.ie's report shows a 1.6% rise in prices in Dublin, which is the first rise in prices in the capital in six years according to its numbers.

Daft.ie, however, reports a 0.5% drop in asking prices in Dublin.

It also points out that the stock of available properties for sale in Dublin is at its lowest level since 2007, making for a small sample size.

The official residential property price register published for the first time yesterday gives actual transaction prices based on Revenue stamp duty returns.

That gives would-be buyers or sellers the opportunity to compare asking prices with selling prices.