New figures from the Central Statistic Office (CSO) show that property prices in Dublin fell by 0.1 percent last month - but are up by 22.2 percent for the year.

Prices are still growing outside of Dublin, rising by 0.5 percent nationally in November - up 16.2 percent in the last 12 months.

CSO, Residential Property Price Index - November 2014

Apartment prices in Dublin are up by 26.8 percent, compared to November 2013, but the CSO warn that the data for apartments is based on a low volume of transactions - this makes the index more volatile.

Excluding Dublin, prices rose by 1.2 percent across the rest of the country - and are 9.6 percent higher than they were last year.

In-spite of the recent growth, residential prices are 37.9 percent below the peak levels that were recorded in 2007.

In Dublin house prices are still 35.8 percent below what there were at the height of the boom.

These figures could be a sign that the market is starting to calm down after almost a year of rapid growth.

Last week a panel of property experts sat down with Ian Guider for the Breakfast Business 2014 Property Review. It ended with James Nugent from Lisney warning: "On the residential side, if you see the same increases that we've seen this year - go to the airport and leave the country."