Confidence among Irish investors in both the domestic and global economies has seen an increase over the last year, according to the latest RaboDirect Investment Barometer.

Eight out of ten people surveyed had a positive outlook for the economy - up from about half a year ago.

The survey of almost 600 people who have investment accounts with the Dutch bank also reported a surge in investor confidence concerning the property sector.

Killian Nolan, RaboDirect investment manager, said increased optimism was contributing to "a slightly higher risk appetite".

"The barometer shows the vast majority of investors questioned see value in global stocks and this is reflected in increased interest in Europe in particular," he said.

When the bank questioned its customers about their preferred asset classes a majority (53%) indicated a preference for equities, 25% preferred cash, 11% chose bonds and 11% said property.