Home prices in the U.S. really began to rise in the mid 90s. Looks to be the same case
for Dublin, the capitol of Ireland. 

Geoff Kenny, Modelling the demand and supply sides of the housing market: evidence from Ireland, Economic Modelling, Volume 16, Issue 3, 3 August 1999, Pages 389-409, ISSN 0264-9993, 10.1016/S0264-9993(99)00007-3.
(http://www.sciencedirect.com/science/article/pii/S0264999399000073)
Keywords: Housing demand; Housing supply; Cointegration; Vector-error-correction model