Overseas Property Forum

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Thursday, 6 November 2008

Interest rate cut UK - 1.5%

With the huge 1.5% interest rate cut in the UK we are all hoping that it will encourage the banks to start lending again and to produce even more interest in overseas property for sale.

The bank of England have made a bold move to kick start to economy with this 1.5% interest rate reduction and we are currently awaiting the Euro zone decision.

There certainly seems to be a 'feel good' factor with the UK at the moment thanks to Lewis Hamilton winning a thrilling championship and now this interest rate reduction.

The world seems to be in need of change and this has been highlighted with Obama being elected as the new US president.

Here at Sylvianco Overseas property we are certainly feeling a little bit more positive / optimistic about the future.

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