The average listed price of houses in Ireland rose by 7.4% this year, a new report has found.
The annual rise is the largest such increase in three years.
In the final three months of this year, the average sale price nationwide was €269,522.
This is compared to €250,766 a year ago, according to a report from property website Daft.ie.
Listed prices rose in all 54 markets contained in the analysis.
Last week, Ireland's most expensive streets were also revealed, with the top five all in Dublin.
The areas with the largest increase in prices were Dublin 8, Dublin 10, Kilkenny and Donegal, with those locations all having prices more than 10% higher than a year ago.
The smallest year-on-year increases - less than 4% - were in Clare, Meath, central Dublin and Dublin 6, the country’s most expensive market, where prices are up just 1.7%.
The total number of properties available to buy on December 1st was less than 15,400, the lowest figure for stock nationally in almost 15 years.
According to the data, this represents a fall of 31% nationwide, although there is a difference between Dublin – where stock on the market is down one fifth – and the rest of the country, where the number of homes to buy is down one third.
The author of the report, Ronan Lyons, an economist at Trinity College Dublin, told Newstalk Breakfast that the analysis shows that COVID-19 didn't have a big effect on demand.
He said: "People lost their businesses, people lost their jobs, but overall for the economy savings went up, demand held up remarkably well.
"But the supply side was badly affected, not only with construction where in the second quarter of the year almost nothing was finished in terms of new homes.
"In the second hand market, the disruption and not being able to do viewings has meant that the number of homes on the market is effectively at an all time low, certainly for online records.
"With the weakness in supply and strong demand means that prices are pretty much up across the board."
