Irish property returns have risen by 7.7% in the quarter, helping 12-month overall returns rise by 25.9% to the end of September.
The figures from JLL confirm the continuing recovery in the Irish market as it experiences its 16th consecutive quarter of positive growth.
Capital values increased by 6.1% over the quarter or 18.1% over the 12 months with retail values increasing the most of any sector.
Retail capital returns grew 8.6% followed by industrial returns at 5.5% and offices lagging behind at 4.6%.
Despite the strength of the returning Irish market, up by 46.2% from the bottom of the market, it is still 47.7% lower than its 2007 peak.
Overall estimated rental values were also up by 2.7%, led by industrials at 3.8%. Office rental values were up by 3.2% with retail at just 1.7%.
Overall income growth in the Irish markets did not increase as strongly as capital or estimated rental values, up by just 0.8% in the quarter. Year-on-year the quarter was actually down by 4.7%.
Hannah Dwyer, head of research at JLL in Dublin, said: “The index continues to perform steadily with strong overall returns. This continues to be driven by increases in capital values, with growth across all sectors. Overall capital value increased by 18.1% in Q3 2015, which compares with 31.7% in Q3 2014. Although this is still strong growth, the pace of this increase is starting to stabilise.”
In total JLL measured the performance of 29 properties across Ireland with a total value of £420.3m.
