High-value divorce applications increased dramatically, with a 42% surge in the last year, countering the overall declining divorce rates. This trend highlights a growing concern among lawyers, who attribute the rise to factors like soaring property values, new wealth from technology sectors, and significant buyouts of Irish companies by foreign investors. Notably, this marks the fifth consecutive year that new records have been established for high-value divorce applications in the High Court, which focuses only on cases involving property valued above €3 million.
There was a significant rise in big-money divorce applications last year, bucking the prevailing trend for divorces, which have been decreasing in recent years.
New figures reveal divorce applications to the High Court, which only deals with cases involving property valued in excess of €3m, surged by 42pc last year.
Lawyers say rocketing property values, new wealth created by technology industries and the buyout of Irish companies by foreign investors fuelled huge increase.
Fifth year in a row that a new record was set for high-value divorce applications.
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