Two-tier property market developing

Two reports on the property market out today point to a two-tier property market developing, with the capital recording gains and the rest of the country declining.

The report from says that asking prices in the capital in a 12-month period increased for the first time since 2007. They recorded an increase of 0.5%.

The overall figures from for the first quarter show a 0.3% increase nationally, with a 1.8% increase in Dublin. The website registered property prices in Dublin with no change in the first quarter while nationally they fell by 1.8%.

On an annual basis, records prices nationally down 9.8% for the 12 months to the end of March. says they fell 6.6% over the same period throughout the country. Source: RTE