A December CSO study found that nearly one in 10 Irish people were gifted or inherited their home – but what effect does that have on the current housing crisis?found that 8% of Irish people received a home as inheritance or a gift, while 21% received money as inheritance or a gift.One in five households expect to receive an inheritance or gift at some time in the future, with expectations highest among younger households and those with higher education.
Despite that, Prof Kinsella said, “It's a fact that by of position in life, if you are able to advantage your children over other people's children - that is literally the definition of privilege.”Prof Kinsella said inheritance is “absolutely related to housing” - but the data remains incomplete as to what extent.
He said whether this “locks” other people out of the market is a matter of “supply and demand” - but it puts some of the next generation ahead of others.