According to the latest Daft.ie report, house prices have risen 9.5% statewide in the last year, with 19 counties Donegal and Leitrim hitting 19%.
Sinn Féin representative Eoin Ó Broin has hit out at the spiralling figures, criticising Housing Minister Darragh O'Brien for failing to address the affordable housing crisis.
Teachta Ó Broin said: "Darragh O'Brien has been Minister for Housing for two full years. Monday June 27 is the second anniversary of his tenure of office. During that time, he has utterly failed to address the affordable housing crisis.
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"He has delivered a handful of affordable homes to purchase, despite inheriting a €300 million fund from his predecessor that was meant to deliver 6000 affordable homes by 2021.
"During his two years in office, homelessness has returned to pre pandemic levels. In the last 12 months child homelessness is up over 40%. Single person homelessness has reached 5,000 or the first time.
"Meanwhile the crisis in the private rental sector gets progressively worse. Rents spiral upwards while the sector is shrinking as accidental and semi professional landlords exit the market.
"Report after report on house prices, rents and homelessness demonstrate that this Government is failing an even greater number of people, and that Minister O'Brien is failing as his predecessor Eoghan Murphy did.
"Budget 2023 is an opportunity to change direction. To dramatically increase direct capital investment in the delivery of at least 20,000 public homes a year to meet social and affordable housing needs. This is what is required to tackle the ever growing affordability crisis."
