Updated 16.34 

The Taoiseach is insisting there is not a property bubble in Dublin. That is despite new figures from the Central Statistics Office (CSO) showing house prices in the capital have gone up by nearly 25% in the past year.

Outside Dublin residential property prices are up 3.4% year on year.

In Dublin residential property prices grew by 3.3% during the month of June alone. Outside Dublin, residential property prices are now 3.4% higher than they were in June 2013 - they increased by 2.3% during the month.

However, the CSO says residential property prices in Dublin are still 44.5% lower than they were at their highest level in February 2007.

Residential properties elsewhere in Ireland are 45.8% lower than their peak in September 2007.

Enda Kenny says it will take another 18 months to two years to ease the pressure in Dublin - but he says it is not a bubble:

Karl Deeter from irish Mortgage Brokers says the State is responsible for the increase:

Meanwhile a separate survey shows house prices in Dublin increased by more than €220 every day from April to the end of June.

The research from DNG auctioneers highlights a rise of 5.9% in the capital, during the second quarter of this year.

The average cost of a home in Dublin now stands at €349,000 - an increase of €6,666 every month since the beginning of April last year.

Keith Lowe is the Chief Executive of DNG: