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Malta Now Attractive Shopping Destination

Turkey Property Market Stronger Than Most

British Weather Feeds Overseas Property Markets

Sainte-Foy-en-Tarentaise For French Alps Property

International Property Industry Descend at MIPIM in Cannes

Homes Go Fast

European Banks Cut Interest Rates

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The Coral Lake & Beach Resort

5/12/08 Homesgofast.com News London-Major European banks cut interest rates in a major attempt to stave off the effects of a worsening economic situation across the continent. The Swedish central bank and the Bank of England both cut their key interest rates to 2 percent, following on the heels of New Zealand’s cut in interest rates. The European Central Bank lowered its benchmark interest rate by three-quarters of a point to 2.5 percent, the largest reduction in the bank’s history.

The Swedish bank’s drop was to 2 percent, down 1.75 percentage points. The Bank of England cut its rates by a whole percentage point, also bringing it to 2 percent. That is the lowest level in over 50 years for England’s central bank, and it is expected to reduce that even further in the coming year. Rates in England have not been at this rate since 1951.Property for sale in Sweden

In other disappointing news from the UK, Halifax reported that house prices had fallen by 2.6 percent in November from October, which was the largest monthly drop since September of 1992. Car sales fell 37% in year over year sales. Economists are estimating that the UK’s GDP will contract by approximately 1% in the fourth quarter of 2008, on top of the .5% contraction in the third quarter.Property for sale in the UK

Overseas Property For Sale in Spain

Spain

GBP 179,950

Two bedroom luxury apartment A

Spain

GBP 343,000

Recently built villa in Southern

Spain

GBP 276,500

Spanish Villa for sale midway

Spain

GBP 224,850

New luxurious villa close to beaches,200km

Spain

GBP 91,250

The apartment is ground floor,

Spain

GBP 54,100

Investment Property Spain Land

Spain

GBP 118,048

Hacienda Riquelme’s superb plot

Spain

EUR 370,000

LUXURY HOME FOR SALE MAJORCA SPAIN

Other Overseas Property Destinations...

Spain France Portugal Bulgaria Turkey Cyprus Greece Italy South Africa Croatia Egypt United States Morocco Germany Dubai Dominican Republic Hungary Cape Verde Brazil Thailand

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