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Parents Are Gifting Children €1 Billion A Year To Purchase Homes.

Stock image: Pexels

Dowling Financial says this is fueling house price inflation.

Parents are gifting their children an estimated 1 billion euro a year to purchase homes, according to a mortgage broker.

Dowling Financial claims the 'bank of mum and dad' is dangerously fueling house price inflation.

Managing Director Michael Dowling says the value of some of the gifts is significant

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