This month has heralded the 7th consecutive quarterly increase in residential property prices in the capital and the largest increase in the current cycle of price recovery. The increase in prices over the last twelve months now totals 23.5% which is extremely positive at long last for the beleaguered Irish property market. This is also very good news for anybody who had the foresight to purchase in the last 20 months whom are now sitting on sizeable gains. However, property prices in Dublin still remain over 50% below where they were at the peak of the market.