A quarter of 25 to 34 year olds are moving home to live with their parents, to save money for a deposit on a house.
A new survey carried out by Aviva Home Insurance shows almost three quarters (74%) of people in the age group cite the need for security as the main reason for wanting their own home.
More than a third of those surveyed feel pressurised by family and friends to get on the property ladder, while 43% stated they wanted to be able to bequeath a property to their children.
The new 20% mortgage requirement by the Central Bank has made it harder for first time buyers - but 40% of those surveyed believe it is a fair rule. That number rises to 58% of people in the 18-24 age group.
Sharon Treanor of Aviva Home Insurance said, "people do seem to feel that home ownership is less realistic than it once was and are more accepting of renting in the long-term.
“Even though our survey found that more than a quarter of those in the 25 to 34 age group are taking steps to save for a deposit - including moving back in with their parents - our traditionally strong attachment to home ownership seems to be loosening," she added.
