It will come as no surprise to any of us that house prices and the cost of rent in Dublin has been spiraling upwards in spectacular fashion in recent times.

However, despite the rapidly rising property prices, there is no denying that to a large extent, currently, all would largely seem to be well in Dublin's fair city. The sun is shining, there are new bars, pop-up restaurants and hipster cafés opening by the new-time and each such establishment is hopping 7 days a week.

However, since 2013 house prices in Ireland have risen by 57%. In 2018, house price inflation has been measured at 13%.

But what are the day to day impact of these figures in every-day life? 

Well, drive, walk or cycle around Dublin city's various residential areas and suburbs on any given evening or weekend, and you will be guaranteed to see people in their droves queuing up to view overpriced rental accommodation, of which there is a serious shortage.

Look on or and see the prices of residential property right across the capital rising to levels that very few can realistically afford to buy.

Additionally, today, most of Ireland's news broadcasters are reporting that Dublin has now become the most expensive city in the Euro Zone for expats to live.

And this will, and is presenting difficulties in attracting talented professionals to come and work in Dublin's expanding tech industry. 

Today, in Silicon Republic,  John Kennedy reports that a study by digital recruitment firm Prosperity shows that an increasing number of job candidates are rejecting offers for tech positions based in Dublin city -

If the Government doesn't get a handle on the rapidly rising house prices and cost of rent in Dublin, it will soon become impossible for anyone who is not earning vast salaries for highly skilled jobs to live in the city. 

If that happens, there is a real risk that Dublin will no longer be an attractive place for investors and/or tech companies to continue doing business.