Tuesday, May 13, 2008

Victims of the Market

I came across a story from America yesterday that suggests that the divorce rate could be dropping because of the slowdown (halting?) of the property market. I've not yet seen any direct evidence of this over here, but it is of course the case that in many divorces the matrimonial home has to be sold, and in a lot of those cases, the parties have no real option but to remain in the property until the sale takes place. This could be causing enormous hardship, especially where one of the parties is suffering physical or emotional abuse.

Update: Now I have come across evidence of this problem over here: "Clients having gone through the heartbreak of divorce and having reached a financial settlement find that they still cannot move on because failure to sell the house means they can't implement their divorce agreement" - see this article in The Times.

No comments:

Post a Comment

Thank you for taking the time to comment on this post. Constructive comments are always welcome, even if they do not coincide with my views! Please note, however, that comments will be removed or not published if I consider that:
* They are not relevant to the subject of this post; or
* They are (or are possibly) defamatory; or
* They breach court reporting rules; or
* They contain derogatory, abusive or threatening language; or
* They contain 'spam' advertisements (including links to any commercial websites).
Please also note that I am unable to give advice.

Note: only a member of this blog may post a comment.