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Prime Minister Gordon Brown announced in the Queen’s speech that his government is introducing plans to help borrowers struggling to keep up with mortgage payments. The plans are aimed at middle-income borrowers and it is hoped that they will stem the rising tide of repossessions that is hitting the country. Through September there had been […]

Currency Index give their view on the foreign currency markets after speaking to clients who want to hold out for the best exchange rates, before transferring money abroad to pay for overseas property. A closer look at the economic conditions might make them think – would it be better to buy currency now?   1.       Severe Recession. The OECD

After a decade of great growth, Irish property has hit its lowest level in a number of years. Not long ago, five of the ten counties with the highest house-price growth in the UK over the past decade were in Northern Ireland, with County Armagh’s prices more than trebling. Irish commercial property prices fell for

Portugal’s Praia D’el Rey golf course is becoming an eco-friendly destination for golfers. Ranked 13th in Europe by Golf World magazine, the golf course at the award-winning Praia D’El Rey Golf & Beach Resort on Portugal’s Silver Coast is the first course in the region to start implementing ISO 14001, the environmental certification program now

The Chinese property market has stalled and is one reason that economic growth in the world’s most populous country has slowed. However, some analysts believe that the government is making good policy changes and the market will start to recover in 2009.   The World Bank has lowered its 2009 growth forecast for China because

The Egyptian tourism rate has slowed somewhat in the second half of 2008, according to analysts. The global credit crunch and economic slowdown is taking its toll on one of Africa’s best economies, but growth is still expected to be strong in the coming year.   Egypt has weathered the financial crisis better than many

Construction recently began on the Quattro Business Park in Krakow. This new development, undertaken by Krakow-based developer Grupa Buma, will have four 14-story tall buildings with some 48,000 square meters of office space. There will also be a 200 person conference center, restaurants, small retail shops and medical facilities.   The Quattro Business Park is

2/12/08 London-Sterling recorded its biggest loss against the Dollar since 1992 yesterday – falling over 5% in one day. Volatility on the equity markets, along with poor UK sentiment and speculation about interest rate cuts later this week, led to a terrible day for the Pound, although markets have been steady this morning. If you

At least ten new private hospitals are on tap to be constructed in the Algarve Region of Portugal over the next few years. Hospital beds are expected to triple over the next five years with the primary focus on tourists and holiday travelers who visit the region or have second homes there.   The first

Spanish authorities are looking at continued problems with illegal housing, particularly in Andalucía. The southern region of the country includes some of the most popular tourist destinations, including the Costa del Sol, Costa de la Luz and the Costa Almeria. While illegal housing has been an issue in this part of the country for several