Parents are using their savings to help their kids get on to the property ladder.
Research by PrimeLocation.com has found the bank of mum and dad is handing over an average of £38,903 to assist children in purchasing their first home.
Some 63.4 per cent of mothers and fathers admitted supporting their offspring financially as they seek to become homeowners.
Nigel Lewis, property analyst at PrimeLocation.com, noted higher start-up costs mean "parents are having to step in and help" if their kids are ever going to get a house.
"This shows that despite the difficult economy people are still viewing the property market as a worthwhile investment," he added.
In terms of raising the capital to give to their children, 28.3 per cent of parents plan to sacrifice non-luxury items, while 20 per cent will be using their savings.
This highlights how mums and dads need to make sure they set cash aside every month if they want to be in a position to provide financial assistance to their kids.
