The cost of a typical property has shot up by €35,000 in the past year, putting a renewed squeeze on home buyers.
Prices jumped again in May, the 21st month in a row of rising home values.
In the last five years, buyers have had to pay an additional €74,000 to secure a home.
The national property price index increased by 7.9pc in the 12 months to May. This is up from 7.6pc in the year to April, according to the Central Statistics Office (CSO).
Property prices in Dublin rose by 6.9pc, and prices outside Dublin were up by 8.7pc, compared with May last year.
The median, or typical, price of a dwelling bought in May was €370,000, up €5,000 on the median price in April.
Read the full details in the Irish Independent.
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