House prices rose nationally by an average of 7.6% in the year to date, according to the latest House Price Report released today by property website,Daft.ie.

The national average asking price in the third quarter of 2016 was €221,000, compared to €205,000 a year ago and €164,000 at its lowest point.

In Dublin, prices have risen by an average of €102,500 – or 46.5% - from their lowest point in mid-2012. Outside the capital, the average increase has been €48,600, or 36%, since the end of 2013.

In Mayo, prices between July and September 2016 were 10% higher than a year previously. The average house price in the county is now €138,000, 24% above its lowest point.

In Galway City house prices are up just under 12 percent in the same period,  with an average house  price of just under 250,000 euro.