House prices have risen by 25% in Dublin over the past year, according to a survey by the property website daft.ie.
The survey found house prices nationally have risen by 14%.
The average price for a house in Ireland is €195,000, which is just over half of the average price during the peak of the boom.
It also compares to an average price of €170,000 a year ago.
Prices currently are rising in all major urban centres, according to the survey, except in Limerick city, where there was a fall of 4%.
The survey authors said the number of properties on the market, at just over 30,000, is the lowest figure since March 2007.
The report also looked at sentiment and the expectations of more than 1,000 potential home buyers around the country.
Respondents in Dublin said they expected house prices to continue rising over the next 12 months by an average of 12%.
Outside of Dublin, respondents expect prices to rise by an average of 6%.
Ronan Lyons, an economist with daft.ie, said that supply shortages remain across Leinster, particularly in Dublin.
He said this has helped push up values by a third in Dublin in just two years.
"The concern is that this supply shortage is now feeding into expectations. While price rises driven by shortages can be stopped by increasing supply, tackling price rises driven by expectations is significantly trickier," he added.