New rules governing the buying and selling of houses here have gone largely unnoticed since they were enacted under the aegis of the new Property Regulatory Authority in 2012.

However, now that the property market appears to be moving to more normal levels of activity, a new guide to the rules governing estate agents, buyers and vendors is to be welcomed. This week saw the launch of Buying and Selling in Ireland: Estate Agents and the Law by Blackrock-based solicitor, and respected authority on Irish property matters, Pat Igoe.

Launching the book in Hodges Figgis bookshop on Dublin’s Dawson Street, High Court judge Mr Justice Michael Peart said it was most timely as the new regime needed to be explained clearly to the public. Igoe added that it has arguably been easier in recent years to get redress for problems with a faulty kettle than with a faulty house or apartment.

However, the new legislation does bring greater transparency, but people need to familiarise themselves with their rights. For example, there there must now be a written record of all offers made on a property, so there are no longer doubts whether that “other interested party” actually exists. Also, vendors cannot now bid for their own property at auctions (yes, they could).

A little knowledge can be a useful thing.