15% drop in number of homes in negative equity
The number of homes in negative equity has dropped by around 15%.
A report by the ESRI says
Read More:recent increases in house prices have reduced the number of homes in negative equity, with the greatest drop in Dublin.
Latest official figures reveal the cost of buying a house in Dublin has surged almost 25% over the past year.
At the end of 2012, there was a peak of 314,000 homes worth less than their outstanding mortgage.
Economist with the ESRI David Duffy said: "On the back of what we've seen happen to prices throughout the second half of 2013 and people continuing to repay their mortgages, the number of mortgage-alone homes in negative equity has fallen by about 15%, or by about 45,000 mortgages."