Sinn Féin spokesperson on Housing Eoin Ó Broin TD comments come following the latest CSO Residential Property Price Index report, which shows that house prices have continued to rise.
The Dublin Mid-West TD said: "The latest CSO Residential Property Price Index report makes for depressing reading. In the last 12 months house prices have increased by 3% across the state and 5% outside Dublin.
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"The report also shows that in the last 8 years, house prices in Dublin have increased a staggering 95%.
"This is why so many people can not access affordable homes to rent or buy.
"The continued rise in house prices is a direct result of failed Fine Gael and Fianna Fáil housing policies. This has to change.
"Government must start to invest in the large scale delivery of affordable homes to rent and buy.
"This will require a significant increase in funding for Councils and Approved Housing Bodies (AHB's). It will also require the setting of ambitious yearly targets for the delivery of affordable homes for working people.
"Supply side policies like Help-to-Buy and Shared Equity Loan schemes will only push prices up further.
"Likewise, underinvestment in affordable homes will do little to meet the growing need."
