Homeowners are being warned that the level of burglaries is set to increase by 50 per cent as more people struggle to pay off debts during the current economical crisis, it has been revealed.

According to the home insurance provider, Norwich Union, burglaries could rise by over 140,000 by the end of 2009 as more people become desperate for money. This totals up to at least 420,000.

The insurer estimated that UK homeowners could lose £421 million worth of stolen belongings.

Simon Warsop, director of home pricing at Norwich Union said: "History shows that when unemployment rises we also see an increase in crime and unfortunately the latest Home Office figures obviously show an upward trend in domestic burglary.

"If this recession follows the pattern of previous recessions we would expect to see burglary rise by around a half by the end of the year."

The firm advised homeowners to ensure they take a number of safety precautions to avoid falling victim to burglary.

"Ensuring windows and doors are properly locked, sheds are secured and properties kept in good order can all deter the opportunist burglars who are looking to make a profit from your home," added Warsop.