House prices in Waterford City have risen dramatically in the last year.
That's according to the latest Daft.ie house price report.
The cost of buying or renting in the city has jumped 17.4%, far greater than the national average of 6.3%.
Only Leitrim has seen a larger increase at 20%.
However Waterford is still the cheapest of the five cities to buy a house - the average cost is just under 140,000 euro.
That compares to over 515,000 euro in South County Dublin.
Author of the report Ronan Lyons told Beat News the rest of the region isn't seeing the same level of increase as in Waterford.
"In the rest of the South East what we're seeing is increase in house prices and increases that are bigger than a year ago, but not as big as those seen in Waterford City. So for example in Wexford there's an increase of 10% on a year ago and a good chunk of that has happened since the start of the year."
We asked him why areas outside Dublin are increasing in a larger scale than the capital.
"What the Central Bank have done is they've anchored house prices to incomes and house prices vary a lot more as you go around the country. And that is forcing first time buyers to look around the country and see where they get the biggest bang for their buck. So places that were traditionally cheaper like in Waterford City and the South East are seeing bigger increases in house prices."
