New figures show that property prices increased in all parts of the country during 2013, with the biggest rise of 15.7% in Dublin.
The survey by the Society of Chartered Surveyors Ireland (SCSI) found an increase of 5.7% outside the capital.
The report included feedback from 400 estate agents and describes 2013 as 'the year of the recovery'. It found a lack of supply was the main factor driving up prices in Dublin and parts of Cork.
It is estimated prices increased by an average of 8.1% in Munster, 4.6% in Leinster and went up 3.9% in Connacht-Ulster.
'Supply will be key issue in 2014'
Dermot O'Leary, Chief Economist with Goodbody Stockbrokers, said 2013 will go down as the year of the recovery.
"Renewed consumer confidence has been a key trigger for the recovery and it's interesting to note that many agents referred to positive media reports playing a big role" he said.
"They are also saying that mortgage finance became more available during the year and this provides some room for optimism" he added.
The key issue in 2014, according to O'Leary, will be supply.
"While development financing is available for house building this survey suggests there is a 35 to 40% equity gap and we cannot or should not expect banks to shoulder all that risk".
This follows figures yesterday from Eurostat, which found Irish house prices in Ireland are rising faster than almost every other country in Europe. However experts are denying there is a property bubble.
Figures showed Irish house prices rose by 4.1% between June and September of last year. Only Estonia, which is currently in the middle of an economic boom, had a higher increase.
Simon Stokes is Chair of the Residential Group of the SCSI, and explains where the numbers came from.
