The average price of an Irish house rose 10.7% in the year up to February 2017, according to the Central Statistics Office Property Price Index which was released today.
This amounts to a increase of 8.1% in the year to January and an increase of 5.4% in the 12 months to February 2016.
In Dublin, residential property prices increased by 8.3% in the year to February. This was broken down into house prices increasing by 8.1% and apartment increasing by 9.1% in the same period.
As for the rest of Ireland, prices of residential property were 13.2% higher in the year to February. House prices in the rest of Ireland increased 13.1% over the period while apartment prices went up by 13.9% in the same period.
It's still a long way off the peak of the mid-2000s as the following chart testifies:
The below chart indicates the percentage of house price increases in different regions around the country:
Are you surprised by the new figures? let us know in the comments.