‘Bank of mum and dad’ is propping up south Dublin housing market

There is panic in the market as parents raid pension pots and lifetime savings funds to help children on the property ladder

Owen Reilly said buyers are getting gifts of up to €1m. Photo: Gerry Mooney

Niamh Horan

House prices in south Dublin are being propped up by the “bank of mum and dad”, according to one of the capital’s leading estate agents.

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