Separated couples in Auckland are delaying legal divorce in order to gain maximum sale prices for their homes in the booming property market, due to increasingly high mortgages leaving some partners otherwise unable to purchase their next property. New Zealand property prices increased by almost 20% within a year and the divorce rate is at the lowest ever recorded. Many former partners are seeking up to three valuations of their homes in a bid to achieve the highest price possible to sell to their spouse or other potential buyers.
Separated couples in New Zealand are delaying legal divorce in order to gain maximum sale prices for their homes in the booming property market, due to increasingly high mortgages leaving some partners otherwise unable to purchase their next property. Auckland property prices increased by almost 20% within a year and the divorce rate is at the lowest ever recorded. Many former partners are seeking up to three valuations of their homes in a bid to achieve the highest price possible to sell to their spouse or other potential buyers.