Link found between divorce rates and house prices

New research has found that there could be a link between the property market and the number of couples getting divorced.

According to Helmut Rainer and Ian Smith, researchers form St Andrews University, divorce rates rose sharply from 153,386 to 165,018 during the recession of 1990 to 1994, Scotland on Sunday reports.

The academics also claim that for every 10 per cent drop in house prices in Scotland, there is a five per cent increase in the number of separations.

This is believed to be because of the extra strain on a marriage that is caused by money and mortgage worries.

Mr Rainer, a lecturer in the university's school of economics and finance, said: "Our research suggests that downturns in the housing market can do sustained damage to family stability."

Any couples who have decided to separate in the current economic downturn may find that they can save themselves some money by purchasing a DIY divorce kit.


Published on: December 29, 2008

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