The Residential Property Price Index increased by 15.3% nationally in the 12 months to February 2022, according to the latest figures from the Central Statistics Office (CSO) .
According to the latest report, prices in Dublin rose by 13.5% and prices outside Dublin were up by 16.8%.
Nationally, property prices are now just 2.5% off their 2007 peak.
In February 2022, 3,584 dwelling purchases by households at market prices were filed with Revenue, an increase of 11.8% compared to the 3,205 purchases in February 2021.
The median price of a dwelling purchased in the 12 months to February 2022 was €282,000.
The lowest median price for a house in the 12 months to February 2022 was €132,750 in Longford, while the highest median price was €600,000 in Dún Laoghaire-Rathdown.
Commenting on the release, Viacheslav Voronovich, Statistician, said: “In Dublin, house prices increased by 13.6% and apartment prices by 12.8%. The highest house price growth in Dublin was in Fingal at 14.3%, while South Dublin saw a rise of 12.2%.
"Outside Dublin, house prices were up by 16.7% and apartment prices rose by 17.8%. The region outside of Dublin that saw the largest rise in house prices was the Border at 26.9%, while at the other end of the scale, house prices in the Mid-East increased by 14.5%.
"Existing dwellings accounted for 3,036 (84.7%) of the dwelling purchases filed with the Revenue Commissioners in February 2022, the balance of 548 (15.3%) were new dwellings."
