The report by the Independent Property Price Index showed a jump of more than 50 per cent in prices for two-bed units in Dublin 2, and of almost 60 per cent for four-bed homes in Dublin 17

Despite the threat of interest rate hikes starting next month, house prices are expected to continue rising as employment and market confidence remain strong

Quarterly report notes deeply diverging results for each county depending on house size, while Dublin saw rises in every category