House prices nationally rose by 2.7% during the second quarter of 2018, according to the latest House Price Report released today by Ireland’s largest property website, Daft.ie. The average price nationwide during the second quarter was €254,000, 5.6% higher than a year ago. Compared to their lowest point in 2013, prices nationwide have risen by an average of 54% or just over €89,000.

In Mayo, prices in the second three months of 2018 were 6% higher than a year previously, compared to a rise of 7% seen a year ago. The average house price is now €154,000, 38% above its lowest point.

In Dublin, prices rose by 1.8% between March and June, meaning that the average price in the capital is now almost €155,000 higher than five years previously. Across each of the other major cities, prices rose substantially in the last three months – by 4.8% each in Limerick and Waterford cities and by 4.7% in Cork and 4.3% in Galway. Outside the main cities, prices rose by 3.2% in the same period, with the largest increases in Connacht-Ulster and the smallest in Munster.

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