Rat and Mouse
Mon
01
Sep
Marriage and building societies benefiting from crunch

Two interesting theories. Data from Savills suggests that divorce rates are falling in time with house prices. The theory is that squabbling couples are deciding not to divorce at a time when selling and splitting the family home might not net the kind of figure they've been taking for granted. According to Savills, the numbers suggest a clear correlation... Brits will lie back and think of the Halifax House Price Index rather than split and take the hit. Meanwhile, Building Societies Association director-general Adrian Coles is quoted, here, claiming that building society receipts (savings in other words) doubled in July 2008 compared to the same month a year ago. Building societies received £1.4bn, profiting from fears about the stock market and other riskier investments.

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