The European Central Bank cut interest rates to 2 percent from 2.5 percent in a move that was widely expected. This cut brings the eurozone borrowing costs to a three year low after four consecutive cuts. Other major banks, including the US Federal Reserve and the Bank of England, have also cut rates in […]
European Bank Cuts Interest Rates Read Post »
The British government is ready to proceed with a second bail-out of the nation’s ailing banks. Prime Minister Gordon Brown announced that he hopes the new moves will make it easier for businesses and households to obtain credit. Mr. Brown said: “We know that the essential problem that has been held back by what
England Set for New Bank Help Read Post »
The island of Ireland in Dubai’s spectacular development, The World, is a five star luxury hotel resort with luxury residences for the ideal place for a holiday retreat. Those lucky enough to have their own villa on the island will be able to enjoy the island of Ireland in all its glory. The hotel
The experts in house price predictions give their views on the British housing market , for buyers It’s hard to know what to expect in these uncertain times in the housing market. Mortgage availability, mortgage cost, supply and demand issues… there are so many factors involved, it’s almost impossible to guess where house prices will be
Housing market: what next for house prices? Read Post »
The Transportation Ministry of the Netherlands has issued a construction permit for a new wind turbine farm in the North Sea. This will be the largest such facility located in Dutch waters so far, and is part of the country’s plan to generate 6,000 megawatts of electricity from offshore windmills by 2020. The new
Dutch Okay 260 Megawatt Wind Turbine Park Read Post »
The Metro Orlando, Florida area had the seventh highest rate of home foreclosures in the United States in 2008 with one in every 18 household receiving a formal default notice from a lender. In the four-county metro area, consisting of Orange, Seminole, Osceola and LakeCounties, that means that 46,843 properties had foreclosure filings taken against
Orlando Foreclosure Rate Tripled in 2008 Read Post »
The Indonesian Real Estate Developers Association (REI) has called for foreign property ownership rules to be relaxed. Some members are asking for a change to the rules so that foreigners can buy leasehold titles on apartments and houses for a minimum of 75 years. Others are requesting foreigners be allowed to own and purchase property
Indonesian Developers Call for Easing Ownership Rules Read Post »
The Telegraph Travel Awards 2008 and their poll of over 25,000 readers have placed Greece in second place in their Best European Country ranking – only falling short to the ever-popular Italy – and in turn staking its claim as a growing destination of choice amongst the British. Greece’s ranking ahead of the golfing paradise
Greece Grows in Popularity With the British Read Post »
The European Central Bank (ECB) today cut their main interest rate, from 2.5% to 2.0%, as widely expected. The move has weakened the Euro this afternoon, good news for anyone sending money to Italy, France, Spain and elsewhere in the Eurozone. However, anyone needing to buy Euros for overseas property purchases or importing goods, should
Euro cheaper on ECB Interest Rate Cut Read Post »
The European Parliament marked the 10th anniversary of the introduction of the euro as a bastion of economic stability in the region. EP President Hans-Gert Pottering noted that the adoption of the euro has acted as “a stabilizing factor.” He also said that “The common currency has protected us from the worst consequences of the
Euro Marks 10 Years in Circulation Read Post »
