Advertisement

Saving for a deposit: Relationships under strain when adult children move home

41% claim parents or family members disrupt their sleep, while over one third resent nosey parents or family members. 
James Wilson
James Wilson

07.12 17 Jun 2024


Share this article


Saving for a deposit: Relation...

Saving for a deposit: Relationships under strain when adult children move home

James Wilson
James Wilson

07.12 17 Jun 2024


Share this article


Moving back in with mum and dad is providing headaches for home buyers.

41% claim parents or family members disrupt their sleep, while over one third resent nosey parents or family members. 

Mortgage Navigators Managing Director Margaret Barrett said people feel like they have regressed by moving home. 

Advertisement

“68% of first time buyers who move back in with family, unfortunately, feel a sense of a loss of independence,” she said. 

“Which is quite significant, to be honest. 

“Then 50% have felt that they have taken a step backwards in life - which again, is very unfortunate, considering the average age of a first time buyer in Ireland is now 35 years of age.” 

A housing development in Newbridge, County Kildare, 16-09-2021. Image: Eamonn Farrell/RollingNews A housing development in Newbridge, County Kildare, 16-09-2021. Image: Eamonn Farrell/RollingNews

More than one in five of those saving for a mortgage say moving in with relatives has put a strain on their relationship with their partner.

“The reason these people are moving back in with their parents is so that they can buy their family home with their new partner,” she said. 

“One in five reported that moving back in with a family member has put a strain on their relationship.” 

Last year, two thirds of mortgages were approved for first time buyers.

Main image: Adult parents and their children. Picture by: Alamy.com 


Share this article


Read more about

Family Housing Housing Crisis Parenting

Most Popular