Residential property prices jumped by 9.6 per cent in the year to July, according to new figures from the Central Statistics Office (CSO).
This surge, the highest growth rate in 21 months, pushes the national residential property price index to 12 per cent above the peak of the previous property boom in April 2007.
In Dublin, property prices climbed by 10.3 per cent, with house prices rising by 10.9 per cent and apartment prices up by 8 per cent over the same period. South Dublin recorded the highest house price growth in the capital, with a 12.1 per cent increase, while Dún Laoghaire-Rathdown saw a rise of 8.3 per cent.
Outside of Dublin, property prices also saw significant growth, with prices rising by 9.1 per cent. House prices increased by 9 per cent, while apartment prices surged by 10.6 per cent in the year to July. The Mid-West region, including Clare, Limerick, and Tipperary, experienced the highest house price hike at 13.4 per cent.
The South-East region, which includes Carlow, Kilkenny, Waterford, and Wexford, reported the smallest increase in house prices at 6.1 per cent.
The CSO also reported that the median price of a home across the country stood at €340,000 in the 12 months to July.