The way i look at it is, on Irishhousehunter every week, there are 300-400 odd house price drops across the country compared to about 10 or so (delusional) increases. When the amount of increases out-weighs the decreases then i will start to believe that our house prices are increasing again.
The other thing is, there is still feck all selling out there compared to the boom times, so any news of increases is not based on a normal market. A lot of the estate agents in my area of Ballymena have sold literally only a handful of houses in the last year, and with more and more news of job losses, and the impending spending cuts and interest rate rises, i can't see how we are going to get any rising prices in the next while, let alone double digit increases.