News2016 Jan and February House sales barren months? – Think again!
According to recent research, January and February 2016 could see a flurry of activity in the house buying market.
A sobering fact is that married couples tend to wait until the Christmas period is over before deciding to part and go their separate ways. Moving Home should be considered to be a happy time for the right reasons but it would appear sadly that for some the process of moving is due to factors in complete reversal, mainly due to divorce. By January, many married couples would rather revert to single bells other than jingle bells. Divorce lawyers across the country report that they are inundated with enquiries in the period following Christmas, which has led the first working day in January to be dubbed ‘D-Day’ by the media.
Leading UK firm Irwin Mitchell conducted a survey to get to the root of this phenomenon. And found that 1 in 5 couples were planning to separate after one final family Christmas together. Sadly 26% of people were only staying in their relationship for the sake of their children.
The firm also reported that they saw a 27% increase in January divorce instructions compared to their monthly average throughout the rest of the year.
The ‘D-Day’ trend has seen the number of enquiries double around this time and then in late January it tails off. Over the last two or three year’s people even enquire a little bit earlier between Christmas and New Year”.
Other law firms have also announced that divorce enquiries double in the period following Christmas.
Christmas Pressures Leading to Divorce Enquiry Spike
There are many reasons why couples decide to separate in January. These often boil down to the financial pressure Christmas put on relationships. It appears that the true meaning of Christmas has for the majority of the status quo historically been seen as the season of joy and good will, but not so much anymore.
The Money Advice Trust’s National Debt line recently reported that almost a quarter of Britons feel pressure to spend more than they can afford on Christmas, with 35% of people planning on borrowing money to pay for gifts.
If we add this to the costs of the Christmas food and the expense of entertaining family and friends, it is not surprising that 40% of parents surveyed by Irwin Mitchell said that financial pressures were putting a strain upon their relationship.
Christmas is one of the few times of the year that working parents will get to spend a lot of time with their families. When the normal distractions of our everyday lives are stripped away and any relationship problems can become glaringly obvious.
When January comes around, we tend to reflect upon the year we’ve had and think about what we want to change in the future. If a couple have had a particularly difficult Christmas, it’s understandable that they may decide that the time has come to part and go their separate ways.
With all the pressure Christmas brings it is hardly surprising that it can place a huge amount of strain upon a couple. Anyone who is thinking about ending their relationship in January can certainly take comfort from the fact they are not alone.
This problem was first highlighted as long ago as 2010 from an article appearing in the Daily Telegraph.
Number of middle class homes sold due to divorce has doubled in last year!
The number of middle class family homes sold due to divorce has almost doubled according to figures in 2010.
One in ten property sales for houses worth £500,000 to £1 million in the first six months of 2010 were the result of families and relationships splitting up.
The rate is almost twice that for the same period in 2009 when 6 per cent of house sales were put down to divorce.
Although this trend looks set to continue as couples splitting up after Christmas may inadvertently make the demand for housing more of an issue, the number of properties being advertised for sale increases the demand placed upon intermediaries to find mortgages for new homes for their clients.
Source Charon QC
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