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    One in eight home buyers using gifts or inheritances to get on property ladder, research shows
    Ireland

    One in eight home buyers using gifts or inheritances to get on property ladder, research shows


    One in eight home buyers using gifts or inheritances to get on property ladder, research shows

    https://www.irishtimes.com/business/2024/09/24/one-in-eight-home-buyers-using-gifts-or-inheritances-to-get-on-property-ladder-research-shows/

    Posted by norodaisy

    View 5 Comments

    5 Comments

    1. norodaisy on

      Very low indeed. You’d think nobody was buying without help from “bank of mom and dad” if you believed this sub (and many journalists writing about it).

    2. IrishCrypto on

      This is the Banking and Payments federation PR piece trying to push down the idea that the market is propped up by undeclared gifts and their members are lending prudently, not lending 4x salary to people with only 6 months savings history and a lump of cash from Mammy and Daddy.

    3. ZealousidealFloor2 on

      Thought it would be much higher, nearly everyone I know has got help in some form from parents / inheritance.

    4. eamonndunphy on

      “Home buyers” is a very general category.

      If we were instead to look at first-time buyers who have purchased their house in the last three years, say, I would imagine the proportion that relied on a gift or inheritance would be far higher.