Asking prices for residential property in Dublin have risen 7.7% in the past year according to the latest report from Daft.ie.

The increase marks the strongest growth in asking prices since early 2007, with South Co Dublin seeing the highest rise at 12.7%.

This compares to a 1.4% gain in asking prices in North Co Dublin, while prices in Dublin city centre were 9.5% higher.

Outside of Dublin, the report shows asking prices falling in every other county, with an average fall of 6.7% recorded over the year.

Asking prices in Laois saw the sharpest fall at 19.5%, while Galway city saw the smallest decline at 3.1%.

Overall, Daft reports that the number of properties sitting on the market fell to just over 40,000 by the middle of 2013, while 45% of properties now find a buyer within four months of going on the site.

Meanwhile the latest Retail MarketView from property consultants CBRE indicates that there has been an upsurge in sales and leasing activity in the Dublin market, but that has not translated to provincial locations.

The review for the three months to the end of September notes that a number of retailers were finding it difficult to secure stores in their preferred locations, particularly in shopping centres and on the high street.

CBRE say that the issue of rates continues to frustrate retailers around the country.

This is especially apparent in locations where revaluations are currently taking place, including Dublin city centre and Waterford city centre, the review notes.

Prime rents on Dublin's Grafton Street fell further to approximately €4,000 per square metre per year during the first half of 2013 and are now a full 60% down on peak values recorded between 2006 and 2008.

Rents in Dublin shopping centres range from between approximately €1,500 per square metre per annum in St. Stephen's Green to approximately €3,000 per square metre per annum in Dundrum Town Centre.