House prices are now virtually back at the level they were in November 2023, according to new figures from national statistics agency CBS.

Prices rose 0.5% in November when compared with October and are now just 0.9% down on a year ago, the CBS said. The figures reflect completed sales which have been included in the land registry.

House prices have now been rising slowly for six months in a row, taking the average to €421,284.

The number of completed transactions was also up 1% on the same period in 2022. In the first 11 months of this year, 15,248 homes have changed hands and that is still down 5% on last year, reflecting the continuing shortage of supply.