The number of properties in Dublin which are worth more than €100,000 has increased by nearly 50% in the last six months, according to the latest figures from the Land Registry.
A total of 6,076 properties, including apartments and townhouses, have an assessed value of more than or equal to €100-€150,000 in the latest register, from January.
The latest figures also show that there have been more than 2,500 properties which are less than €15,000 worth of the €200,000 or more mark.
This latest data is based on a snapshot of properties, and does not include land titles which are being resold or the value of other properties.
However, a spokesperson for the Land Register said the data shows a significant increase in the value and quality of property listings, with some of the most highly valued properties increasing by over 50%.
In the last three years, the total value of the property market has risen by 40%, while the number of homes worth more then €100 million increased by almost 80%.
In comparison, the number fell by 16% between 2009 and 2015.
The spokesperson said this has resulted in a “greater focus on properties with a high potential value”.
It also said that many properties have had significant improvements and are now valued at less than half their original market value.
“As a result of this, a significant number of new listings have increased significantly in value,” the spokesperson said.
“It is also clear that many of these properties have been built to an unrealistic standard, and therefore they are becoming more attractive as the market evolves.”
However, in the meantime, property values are rising again.
The average value of a property in Dublin increased by 10% between April and May of this year, according a spokesperson from the Dublin Property Council.
“While the property boom is still underway, we know the trend continues,” they said.
The figures show that more than two-thirds of the value increases were for properties valued at over €150,0000.
The highest increases were recorded in Cork, where the average increase was 14%.
In Limerick, where houses are being built to “the very top of the market”, there was a 12% increase in value, while in Donegal the average value increased by just 1.2%.
The spokesperson for The Irish Housebuilders Association said that “the value of these homes has been rising significantly, so a lot of the homes which have been purchased in recent years have been selling for more than their original cost”.
“The fact that there is a significant amount of land in the city which has not been developed for the housing industry is creating a huge demand for properties,” the spokesman said.