The recent drop in house prices ‘has come to an end’, according to MyHome.ie.
The latest report from the property website has found national annual asking house price inflation is running at 4.1%
Ireland stands in stark contrast to UK and US, which have both seen price declines.
Report author Conall MacCoille told Breakfast Business Ireland has gone through a period of price correction.
"Clearly valuations got very stretched during the pandemic and in Dublin, transaction prices actually fell for eight straight months," he said.
"That seems to be coming to an end; what we've seen in this quarter's MyHome report is asking price inflation actually increasing during the summer towards 4%.
"So, Ireland really stands out quite a bit now from some of the [other] European countries."
Mr MacCoille said the number of adults living at home with their parents now makes up over 10% of the population.
"It's hard to believe, but 522,000 people are now adults living at home with their parents," he said.
"That's over 10% of the population.
"Of those, 275,000 are adults living at home with their parents but are in employment.
"That particular group has grown by 28% since 2016".
Mr MacCoille said he is "sure” that marks the highest number ever as a percentage of the population.
The property expert said Ireland's higher asking prices are down to several factors.
"When you look at the demand side to start with, we can see what people are borrowing each month," he said.
"The average mortgage approval for house purchases broke through €300,000 for the first time in August.
"Mortgage lending volumes are up... so, with the economy doing so well demand is robust.
"Then if you look at the supply side, we're nowhere near the 40 to 50,000 units the sector needs to build to eat into the pent-up demand that's there."