ECB Rate Cut Could Stimulate a Recovery" in Europe
Summary
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site Press Releases Property Abroad LTD Press Release Receive press releases from Property Abroad LTD: By Email RSS Feeds: ECB Rate Cut Could Stimulate a Recovery" in Europe As expected by analysts the European Central Bank has cut interest rates by 0.5% to just 2.0%, on the back of reports that the Euro Zones economic slowdown could get worse than was previously thought."Investors in European property are buying to hold, in the hope of making gains over the long-term after the global recovery," he said.But the real clincher is making finance more readily available; Les said that: "With the European interest rate so low and falling property prices throughout Europe, there are enough people out there wanting to buy overseas property, that if finance was to be made more readily available it could stimulate a recovery in European property markets.The portal is currently also responsible for advertising hundreds of repossessed properties in Spain.These properties are some of the best investment opportunities on the globe because they are being sold for anything up to 66% below their valuation price.