The Bank of England, along with 5 other central banks have cut their interest rates on Wednesday 8th October by half a percentage point as an attempt to stable the stumbling global economy.
The impulsive verdict, a day earlier than expected came as the Treasury announced a £50 billion bail-out of the banking system. (more…)
OPP magazine reported the successful trend of the Cyprus Property Market. Investment, increased construction and rising tourism all add up to a market predicted to weather current economic conditions.
UK house prices fell a further 1.7 per cent in September, according to the latest figures from Nationwide, leaving them 12.4 per cent lower than a year ago – the sharpest annual drop since 1991.
New research shows the majority of landlords declare students are punctual rent payers, who look after their property. According to the latest survey from buy-to-let lender Paragon, landlords are more than satisfied with their student tenants.
According to a current Knight Frank global survey of property trends, it’s been established that property prices in Cyprus have increased by 12.5 percent in the second quarter of 2008.
Thisismoney.co.uk reported on 06/10/08 that the average two year fixed rate mortgages have fallen over the past thirteen weeks by almost 1% from a high of 6.57%.
After sharp corrections seen in fellow euro members, Spain and Ireland, France’s property market and specifically Paris is not looking like it will follow its neighbours as prices show steady growth in the first 6 months of 2008.