Divorce rates can be linked to the housing market: the number of divorces typically tail off at the start of a property market downturn as couples put off splitting until they can extract more value from their house.
More than half of personal wealth in the U.K. is held in the housing market, according to official data from the Office of National Statistics, and this unprecedented accumulation of housing wealth in the has already had profound social effects on the next generation.
In 2001, 58 per cent of 25-34 year olds in England and Wales owned their own home – but that fell to 40 per cent in the 2011 census. The delay in getting on the housing ladder may be one of the reasons young British people are marrying later. In 2011, the average age of a man getting married for the first time was 32.2, while in 1971, with a more affordable property market, it was 24.6.