The average cost of a home in the Emerald Isle rose 1.1pc in the month of November, the most since 2006, according to figures from the country’s Central Statistics Office .
The rise compares to a fall of 0.6pc in October and a decline of 1.5pc in November last year.
In particular, house prices in Dublin performed strongly, with prices up 2.7pc in November.
However, Dublin house prices have yet to fully recover, with house prices 3pc lower compared to a year ago, while Dublin apartments were 13pc lower when compared with the same month in 2011.
Prices in the rest of Ireland have also taken a hammering and despite a 0.3pc rise in residential property prices last month, they are still 7.2pc lower when compared with November 2011.
House prices in Ireland on average are still 49pc off their peak seen in early 2007.
Source: Central Statistics Office
Aside from Greece, Irish house prices fell the most among countries in the 12 months to September 30, according to data by Knight Frank LLP.
Ireland's property bubble burst spectacularly after peaking in 2007 as years of reckless lending left banks with huge losses and homeowners with hefty mortgage repayments.
The crash has been the one of the steepest and most disastrous of any developed country since the Second World War.
Over the famed Celtic Tiger years a period between 1995 and 2007 when the Irish economy was growing by five to six per cent annually average house prices mushroomed by 330 per cent (and more than 500 per cent in parts of Dublin).
As many as 700,000 new houses were built during these years almost one for every six of Ireland’s 4.6 million citizens.
By 2007 the Irish building industry accounted for 25 per cent of GDP and 20 per cent of jobs.