CSO figures show a slight decline on the 12 months to April.
The rate of increase in property prices will ease in the coming months, according to some industry experts.
It follows new figures which show the price of a home increased by 14.4 per cent in the year to May.
CSO figures show that is a slight decline on the 12 months to April, when prices went up by 14.5 per cent.
CEO of the Institute of Professional Auctioneers and Valuers, Castlepollard's Pat Davitt believes a number of factors will see the rate of increases ease:
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