The escalating house prices, and lack of supply has also pushed up rent prices.

The whole idea of thresholds was that house owners should not be penalised because of escalating house prices.

First-time buyers are being locked out of the Dublin property market because of escalating house prices in the capital, writes Laura Slattery.

The Revenue Commissioners is reviewing its property tax guidelines to take account of escalating house values in Dublin, Minister for Finance Michael Noonan has confirmed.