House prices predicted at Celtic Tiger levels in three years

The average house price in Ireland is now 9.4 per cent higher than this time last year

The latest Daft.ie report shows that the average cost of a home is €230,000 - over €65,000 above its lowest point.

Dublin still has the most expensive properties - with an average price of €340,000 followed by Galway and Cork which are both above the national average.

Report author and Trinity Economist Ronan Lyons says as well as increasing supply, we need think about the type of homes we need.

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