Residential property prices in Dublin rose by 0.5% in January, according to the latest figures from the Central Statistics Office (CSO).

Dublin house prices were up 2.8% year-on-year last month, while apartment prices were 4.6% lower than in January 2012.

At a national level, residential property prices were 0.6% lower in January when compared to December 2012.

Excluding Dublin - national prices fell by an average of 1.6% last month which is a 7% drop on the previous year.

Overall prices 50% lower than peak

In the year to January, residential property prices at a national level fell by 3.3%.

This compares with an annual rate of decline of 4.5% in December and a decline of 17.4% in the 12 months to January last year.

House prices in the capital are 54% lower than at their highest level in back in early 2007, with apartments in Dublin 61% lower than they were in February 2007.

Dublin residential property prices are 56% lower than at their highest level in February 2007, while the fall in the price of residential properties in the rest of the country is somewhat lower at 47%.

But overall, the national index is 50% lower than its highest level 6 years ago.