What it says in the papers
The lead story in the Irish Independent this morning reveals that Taoiseach Enda Kenny insists there is no new property bubble despite house prices rising at the highest rate on record. According to the latest CSO figures, average house values have soared by €20,000 in just three months.
The Irish Examiner also covers the extortionate rise in house costs with 'Dublin house prices rising €6,600 a month'. The paper reports that analysts are blaming lack of supply for driving up the prices.
'House prices 'back to boom' levels by 2009' writes the Irish Daily Mail, warning that boomtime prices could be back in force in as little as five years.
But perhaps the biggest news worldwide yesterday was reports that Israeli forces shelled a UN-run school sheltering Palestinians in the northern Gaza strip, killing at least 15 people and raising the conflict's death toll to almost 750
'Strike on UN-run shelter in Gaza kills 15' reads the Irish Times, reporting that the incident had led to renewed calls from world leaders for an immediate ceasefire in the area.
The paper also covers Obama's harsh words yesterday with 'Obama cites Ireland in attack on US firms' as the US President blasted American multinationals that move to Ireland to cut their tax bill.
The Irish Independent also covers this story with 'Obama blasts US firms over Irish tax switches'. "I don't care if it's legal, it's wrong," Mr Obama said.
The home tragedy yesterday was the drowing of young Gareth McGuirk in north Drogheda.
The Herald reports 'Boy (13) drowns' with a picture of the 13-year-old who died after he went swimming with friends in a reservoir.
'Boy (13) drowns on hottest day of year' reads the front story on the Irish Daily Star while The Irish Daily Mirror also covers the sad tale with 'Boy (13) drowns in swim tragedy.'
The boy's body was recovered an hour after he was reported missing by his frantic friends.