The Central Statistics Office (CSO) has released figures which show that property prices in Ireland rose by 1.6% in October 2015. The official figures show that property prices are now 7.6% higher than they were this time last year.

The CSO figures how that property prices in Dublin rose by 1% last month, which is an increase of 4.5% compared with the same time last year. The figures also show that property prices outside of Dublin are rising at a faster rate, with a 2.1% increase recorded last month.

The figures show that property prices have some way to go before they reach the Celtic Tiger prices in 2007. Overall, prices nationally are 33.5% lower than the peak in 2007 while Dublin house prices are 33% lower. Dublin apartments are 40.2% lower than the peak.