It's been put down to a lack of supply.
The average cost of buying a house in Ireland is now €291,000.
A daft.ie report shows that prices are continuing to rise.
In 2021 the cost of buying a home increased by 7.7% on average.
(Image via Pixabay)Author of the report, Ronan Lyons says Covid has had some impact on the market.
But he adds there simply aren't enough homes available.
The price increases were bigger in rural areas than in cities, according to the journal.ie.
The Connacht-Ulster region saw the biggest increase in prices compared to 2020.
Leitrim and Mayo had the biggest increases.
The price of houses in cities has also grown, with prices in Dublin hitting an average of €405,259 - that's a 3.4% on 2020.
The biggest year-on-year increase was South Dublin City - it rose by 4.1%.
While in Cork City, house prices have risen by 5.5% and the average house price in the city is now €313,436.
Waterford City had the highest increase of all cities, rising by 7.5% compared with 2020 to hit an average price of €211,023.
Yesterday, the Taoiseach said next year would be a better year for cost-rental and affordable accommodation.
Micheál Martin said four billion euro will be spent next year on tackling the housing crisis.
While close on 10 thousand social houses are on course to be constructed over the next 12 months.
