| Industry News |
|
| News » Commercial Property Law » Researchers find link between property slump and divorce |
|
30/12/2008
Researchers find link between property slump and divorce |
|
New research has suggested that there is a possible link between the slump in house prices and the number of couples that file for divorce.
The study, conducted by researchers from St Andrews University, is based on previous divorce figures during financial crises in which property prices have suffered, reported the Scotland on Sunday.
It states that cases of couples separating increase by five per cent with every ten per cent drop in property prices.
Helmut Rainer, one of the researchers, stated: "The main message is that when house prices fall dramatically and unexpectedly, the consequences go beyond the ability to pay the mortgage."
Mr Rainer added that "negative equity and other economic problems associated with falling house prices" impact negatively upon married couples.
In related developments, recent surveys from the Royal Institute of Chartered Surveyors have suggested that sales in the property sector could rise by more than ten per cent next year as the market recovers from the financial downturn.
 |
| |
| Related Articles |
08/01/2010
Office demand 'to focus on London'
The commercial property market will recover strongly in London in 2010, in contrast with the rest of the country, it has been predicted.
|
22/12/2009
Commercial property 'to recover slowly from recession'
Commercial property will only recover gradually in the near term as it is likely to be feeling the effects of the recession even after the economy starts growing again, it has been predicted.
|
18/12/2009
Commercial property market 'to pick up in 2010'
The use of commercial property lawyers in 2010 may pick up in the south-east as it has been forecast that the region will see matters improve as the year wears on.
|
16/12/2009
Business confidence increases
The use of business lawyers may be set to increase as a poll of firms has shown that levels of confidence are rising.
|
14/12/2009
New tax rule to "irritate" large commercial landlords
A tax break for cheaper empty properties is "welcome", but those who might use the services of a property lawyer for commercial transactions will go on being "irritated" by the commercial property rate tax they will still have to pay on large ones, it has been argued.
|
News Archive