Thursday, July 7, 2022

Property downsizing declines sharply as adult children stay longer at family home

A new report from Savills Ireland, which finds that property downsizing has declined sharply due to adult children staying longer in the family nest.

The property consultants say that trading down to a smaller home – as a proportion of Savills housing sales – has declined from 13.4 per cent in 2014 to 5.3 per cent in 2016. According to recent census figures, one quarter of married couples in the Republic are now living with adult children aged 20 and over.

“The proportion of older people living alone has fallen as their grown-up children stay longer at home. This trend is particularly evident in less affluent areas where family money may not be available to help young adults on to the housing ladder”, said Dr John McCartney, director of research at Savills Ireland.


The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply