Irish house prices, as measured by Eurostat's House Price Index, rose by 8.9% in the third quarter of 2015 compared to the same time the previous year.

This puts Ireland third highest in the league table of European property price rises for the third quarter of 2015.

Latest figures from Eurostat show that only Sweden - where house prices rose by 13.7% - Austria (up 9.3%) had stronger increases in the 12 month period.

But Eurostat noted that the rate of increase in Irish house prices is down on the previous 12 months when they went up by 16.3%.

House prices actually fell in Latvia (down 7.6%), Croatia (3%), Italy (2.3%) and France (1.2%) in the third quarter of last year.

In the EU overall, third quarter house prices were up by 2.3% in the euro area and by 3.1% in the EU compared with the same time the previous year.