The latest growth in house prices reflects the new lending environment, according to Daft.ie

Average asking prices for a house in Ireland grew by 4.6% in the first 3 months of this year.

The latest House Price Report by Daft.ie shows a return to price growth so far this year, following a fall in the final quarter of last year.

The average asking price for a house nationwide is now €201,000, the first time since 2011 that its been above the 200,000 mark.

For the first time in 4 years, quarterly growth prices in Dublin was slower than elsewhere in the country.

Prices in Dublin are 2.9% higher than late 2014, while outside Dublin prices rose by 4.9%

Author of Daft's latest house price report, Ronan Lyons, said its clear that the central bank rules have had an impact on the market.

“It is clear that the Central Bank rules have had an impact on the market. Dublin prices are now anchored to real economic conditions, with survey respondents expecting significantly slower house price growth now than a year ago. Similarly, compared to a year ago, a far higher proportion of respondents, in the capital and elsewhere, indicated the need to save for a deposit as a key reason for delaying buying a home.”