Welcome to the ‘nepo’ housing market: 40% of homebuyers under 30 get family money to cover their down payment
Welcome to the ‘nepo’ housing market: 40% of homebuyers under 30 get family money to cover their down payment
Definitely a trend I see around me (Europe, 30 years old).
All of my friends able to buy got at least 30k - 50k from their parents.
Is it the same around you? How do you deal with this?
Also, some data from a few days back:
https://discuss.tchncs.de/post/2426785?scrollToComments=true
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== Edit: the below is untrue ==
In the UK you have to state where the money came from, so there's only a limited amount your family can help.
Can't threaten the landlords!
What? There is no limit on the size of funds that can be gifted to help buy a house in the UK. If your family wants to bung you £500k of their own money there's nothing stopping them.
The requirement to demonstrate proof of funds for that money is to prevent money laundering.
Someone lied to me.. thanks for the correction
No problem. There's a lot of confusing stuff surrounding homebuying.