I heard this blase comment and was amazed. It takes no account of the fact that two people buying 2 houses do not have the same purchasing power as 2 people buying 1 house.Ravima said:there This based on the fact that divorce is on the rise and none of the spouses want to downsize, so a second house must be bought!
Apart from the fact that it sounds implausible that divorce is having a significant impact on the housing market (if anybody has any evidence to support this supposition then I'd be interested in seeing it), why on earth would anybody assume that divorcees are necessarily going to be looking for million € homes?Ravima said:there was a radio programme last week, where one of the guests suggested that any property in the €3/5M bracket is good value for investment. This based on the fact that divorce is on the rise and none of the spouses want to downsize, so a second house must be bought!