House prices in Ireland rose by 2.7% in the past three months, according to property website Daft.ie.
According to the website's latest House Price Report, the average house price nationwide during the second quarter of this year was €254,000, 5.6% higher than the same time in 2017.
This means that property prices have risen nationwide by an average of 54%, or just over €89,000, since 2013.
Between March and June, house prices rose substantially in major cities across the country. In Limerick and Waterford cities, prices rose by 4.8%; in Cork house prices rose by 4.7% while there was a 4.3% rise in Galway.
In the last three months, house prices in Dublin rose by 1.8%, meaning that the average price in the capital is now nearly €155,000 higher than five years previously.
The report also says that there has been an increase in the number of properties available to buy on the market nationwide. The highest increase was in Dublin, where nearly 4,800 properties were available to buy last month, an almost 50% increase from last year.
Commenting on the report, Trinity College Dublin Economist and author report Ronan Lyons said: "Ireland's sales market for housing remains one of strong demand and relatively weak supply.
"That said, there are signs - in particular from the Dublin market - that new supply is having an effect, with increased availability on the market and a slowdown in inflation.
"While the increase in new homes built is welcome, it is predominantly in the form of housing estates.
"Almost all the new homes needed in the country are urban apartments, so the mix of supply remains a challenge for policymakers."
