The average housing turnover rate was just above 2% in the year to the end of June, according to a report from GeoDirectory.

The GeoView report cross references the Property Price Register, the most recent Census figures and the GeoDirectory Database to get an insight into residential housing density, turnover, development and shortage.

It found that there were 2,015,260 residential dwellings across the country as of June 30th.

Using data from the Property Price Register, the report estimates that there were 42,960 transactions in the year to June 2016.

The capital experienced the greatest turnover in housing stock with 13,118 transactions.

When Dublin is excluded, the rate of housing turnover falls to 1.5%.

"This is the fifth comprehensive report about the residential building stock of its kind to be published in Ireland. 

"One key statistic which the report highlighted was that the national average housing turnover rate in the year to June 2016 was 2.1%, which was slightly down from 2.2% last year and is still well below what would be deemed to be a more normal housing turnover rate of around 4 to 5%," Annette Hughes, Director of DKM Economic Consultants said.

"Nationally we're seeing an uptake in construction, however Dublin is still dominating with 25% of homes under construction located there," she added.

The national average house price for the year to the end of June was €232,862. 

However, the average price falls to €168,078 when Dublin is excluded. 

Dublin had the highest average transaction price in the country at €380,237.

Three counties had average property prices of less than €100,000 in the year.

Longford had the lowest average price in Ireland at €80,357, followed by Roscommon at €88,317 and Leitrim at €91,608.

A total of 4,375 dwellings were classified as being under construction in the GeoDirectory Database in June with the capital accounting for a quarter of these.

Building activity was weakest in Longford, Leitrim and Roscommon as fewer than 60 buildings were recorded as being under construction between these three counties.