Irish House Prices 2014: In the year to September, residential property prices at a national level, increased by 15.0%. This compares with an increase of 14.9% in August and an increase of 3.6% recorded in the twelve months to September 2013. Price rises in Dublin eased to 23.4%.

The latest construction PMI (purchasing managers' index) shows the highest monthly rise in the index in September since the series began in June 2000. However journalists and others are confused by this type of survey.

In Ireland agricultural land is claimed to be the most expensive in the world and houses prices in Dublin are up an average 25% in a year while in some areas of the capital they have jumped by a third -- the explanations for both are shortages of supply.

New Irish mortgage rules published today by the Central Bank mean that from next January most house buyers will need to have a 20% deposit when applying for a home loan.

Dysfunctional is a polite term for the development land systems in the UK and Ireland - at least in the UK there are 64m people compared with 4.6m in the Republic of Ireland.

Irish House Prices: The average asking price for a house in Ireland has risen by 14% over the past year, led by an average rise of 25% in Dublin, according to the 2014 Q3 House Price Report released today by Ireland's biggest property website Daft.ie. The average asking price nationwide is now €195,000, compared to €170,000 a year ago and €380,000 at the peak.

The total amount of capital invested in Irish commercial property was higher in the third quarter than any other quarter in history, according to Jones Lang LaSalle's (JLL) investment property report for Q3 2014. In the last 3 months, €1.15bn of property was purchased by investors, with total volumes for the year-to-date now up to almost €3bn the report says that with one quarter left in the year, "we are just €600m behind the peak of the investment market in 2006, when €3.6bn of Irish property was traded."

In the year to August, residential property prices at a national level, increased by 14.9%. This compares with an increase of 13.4% in July and an increase of 2.8% recorded in the twelve months to August 2013. Dublin prices surges by 25.1%.

Dublin prime office rents in mid-2005 were the seventh highest in the world according to CB Richard Ellis and following a plunge of more than two-thirds in the value of Irish commercial property during the economic bust, office rents in the Irish capital are set to return to the ranks of the most expensive in the Europe, Middle East, Africa (Africa) region.

A study of the Dublin property market shows that the number and value of transactions rose in all but two areas of Dublin in the first six months of 2014. Based on an analysis of the Property Price Register, Dublin 6 was the most popular postcode area to buy a property with 346 sales recorded between in H1 2014 -- up 76% on 197 sales in the same period last year.

Today's PMI (purchasing managers index) data on the Irish construction sector that is produced by Markit, the London index firm for Ulster Bank, shows another sharp expansion in August, with activity increasing in each month throughout the past year and confidence at a near-record high - - however, this data is unusual as there is neither information on the response rate or the number of panel firms and we assume that it's a small number.

A research note published today by the ESRI (Economic and Social Research Institute), summarises recent research on the impact of projected population change on housing demand at the county level. It forecasts that up to 60,000 new housing units will be needed in the Dublin area by 2021.