European Property Market Awaits Action From The E.C.B.
http://www.usais.org/articles/28263/1/European-Property-Market-Awaits-Action-From-The-ECB/Page1.html
Neil Ebsworth
Neil Ebsworth is co-founder of <a href="http://www.amlaspain.com" title="http://www.amlaspain.com" target="_blank">http://www.amlaspain.com</a> , a Spanish property portal for the Real Estate industry in Spain.Read more Property Articles at <a href="http://www.experseo.com" title="http://www.experseo.com" target="_blank">http://www.experseo.com</a>
By Neil Ebsworth
Published on 03/30/2008
The Federal Reserve in the United States has now cut their prime interest rate three times in as many weeks in an attempt to stave off a recession that many believe has already arrived Unfortunately the US Real Estate market, which is dominated by long term fixed rate mortgages will not benefit from these cuts in the same way as home-owners in European countries do