House Prices Rise By €24,000

House prices have risen by an average €24,000 across Ireland over the last year, a new report has revealed.

Daft.ie's House Price Report for quarter 3 of 2021 showed price inflation at its highest outside the cities at 13% in places like Mayo and Leitrim.

Prices also rose in Dublin City, Limerick City and Waterford City by 5%, just over 8% and 6.3% respectively.

Sinn Féin representative Eoin Ó Broin TD has slammed the "further unsustainable" house prices increase and called for greater action.

"Unsustainable house price inflation is now a feature of the housing market across the state," said Deputy Ó Broin. "For those hoping to escape extortionate Dublin prices, the market is now ahead of them.


"Reckless government demand side policies like Help to Buy and the Shared Equity Loan scheme will inflate prices further unless they are scrapped.

"The only way to tackle rising house prices is for the state to ramp up delivery of non market affordable homes. This way the price can be controlled, and ordinary working people will be able to secure mortgages to buy a home.

"There is just over two weeks until Budget 2022 will be announced. The government must take this opportunity to commit to at least a doubling of capital investment in public housing. The affordable housing targets must be substantially ramped up. 

"This is what Sinn Féin in government would do. We cannot continue to rely on the market alone to supply most of our housing. This dysfunctional housing system can only be fixed by government with the political will to make the changes required."