Rise in house prices in Dublin

Sir, – I fail to understand the comment of Dr Alan Ahearne (Opinion & Analysis, April 26th) to the effect that “double-digit growth in the Dublin house prices is less of a problem today than at the height of the bubble because prices are much lower”. This is the type of logic that got us into the mess we were in during the Celtic Tiger period. If the 15 per cent house price increase experienced last year was to continue for a further four years, prices would be back to the levels that they were at the height of the bubble. Something needs to be done immediately to stop this madness, but is the Government too concerned with the election fever to do anything about it? I fear it is. Yours, etc,

BRENDAN O’DONOGHUE,

Killerig,

Co Carlow