As the threat of an interest rate rise recedes, banks have begun to offer some of the cheapest mortgage deals for decades. The cost of both fixed-rate mortgages and tracker deals has fallen sharply in recent weeks, and with the economy still struggling, experts do not now expect the Bank of England to raise rates [...]

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With the UK economy still in poor shape, as high street chains such as Habitat and Jane Norman go bust, the Governor of the Bank of England Sir Mervyn King has calmed home owners’ fears of an interest rate hike, saying that rates would not rise until it was certain the economy was growing and [...]

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Developers in Spain have found themselves in serious financial difficulties. Some, however, are beginning to emerge from the credit crisis. Polaris World, for example, has property on golf resorts and is now selling two bedroom apartments at Condado de Alhama for €85,000 – a 58 per cent discount. Chris Mercer, Director of Murcia-based estate agents [...]

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