The latest house price index compiled by Permanent TSB and the ESRI shows a slight easing in the rate of growth last month.
Overall, house prices rose by 0.8% during August, slower than the 1.1% growth recorded in July. The annual rate of growth in national house prices was 15%, down from 15.6% in the 12 months to July.
Permanent TSB's Niall O'Grady said he expected the moderation in the rate of growth to continue as the supply of new houses continued to increase.
The index shows that the average house price in August was €224,340, almost three times the price of €75,169 when the index first began in 1996. The difference in prices between Dublin and elsewhere continues to widen, however, with the average Dublin price now €105,000 euro greater at €298,196. This is seven times the difference recorded in August 1996.
Dublin house prices rose by 1.4% in August, with houses outside Dublin up by 0.8%. The annual rates of growth were 18.1% and 12.9% respectively.
House prices for second-time buyers climbed by 1.7%, but prices for first-time buyers were unchanged. The annual figures were 15.6% and 14% respectively.
The price of a new house increased by 2.7% last month, with second-hand houses going up by 0.3%, giving annual increases of 11.4% and 16.3% respectively.
