Eurozone interest rates cut to 1%

FRANKFURT - THE European Central Bank cut its main interest rate on Thursday for the seventh and probably last time to a record low of 1.0 per cent to boost activity in the slumping 16-nation euro zone.

In London, the Bank of England left its main rate stable at a record low of 0.50 per cent but said it would pump more cash into the feeble British economy.

In Frankfurt, economists wanted to know how the ECB and its president Jean-Claude Trichet can boost bank lending further amid a deep recession.

'Eurozone interest rates might well have reached their trough, but further unconventional policy support should be announced later today,' Capital Economics economist Jennifer McKeown said after the decision was announced.

'After last month's hints that a decision on such measures would be made at this meeting, all eyes will be on president Trichet' at a press briefing 'to see just how bold (or not) the bank will be,' she added.

The decrease of 0.25 percentage points made for a combined cut of 3.25 points since early October to the lowest level in the bank's more than 10-year history.

In London, the Bank of England said it would pump out another 50 billion pounds (S$110.6 billion) of new money into the economy as Britain battled its own recession.

Other central banks cut interest rates in the Czech Republic and Iceland, following decreases on Wednesday by peers in Norway and Romania.

Eurozone economists turned quickly to what Mr Trichet might announce within a framework of so-called quantitative easing.

QE amounts to a central bank creating money to buy government or corporate debt with the goal of easing a dogged credit squeeze and spurring growth. The measure most likely to be announced is an extension of the ECB's unlimited cash loans to commercial banks beyond the current limit of six months, to nine or 12.

An expanded range of collateral accepted in exchange for ECB funds is another move mooted by many, but UBS economist Stephane Deo said such measures 'represent more of a prolongation of the past strategy than a step change.' Mr Trichet could also tell markets the new low rate will be maintained for some time, which would mark a sharp departure from previous refusals to 'pre-commit' on rate policy.

Tate Properties Tenerife.

See Our foreclosure List before the Banks!

With the dramatic fall in interest rates, savings held in banks are presently doing nothing more than keeping the doors open. Your savings are helping to fund the banks, and line the pockets of share holders. Without your savings, the banks would fall, and share holders would race to sell, looking for safer investments. So why is it, banks are now only giving us pennies and not pounds? If it's our money that is helping them, why are they not helping us? One thing you can be sure they are doing, is increasing their banking fees, tightening up on loans and charges, and waiting for you to slip up just once, so they can foreclose. Many shrewd investors have seen the credit crisis, as a valuable opportunities. Pulling their savings out of "Low Interest" savings accounts, and pumping it into valuable long term investments. What is a safe investment these days? well its still got be bricks and mortar. Property will always be here, the human race will always need it, unless we get nuked and have to live on mars. Castles built in the ages of old, are still here, and guess what, there worth a small fortune. So why do we keep our hard earned cash locked up in banks that would not even consider lending to us at this moment in time? Tate properties have some excellent connections, and have gathered a list of foreclosures, for people ready to buy. These properties are from burdensome people that the bank would not help, maybe you can. These properties are on the market at well below market value, and need to be sold fast before the banks greedy paws play foul. This is a time for financial war, against the bankers and financial experts who have run us into the ground. If you have savings, and would like to see our foreclosure list, before the banks, then contact us now. You maybe able to help another victim of this crisis, and keep the Bloody Banks away. Let's fight back, lets help those who need it, and laugh in the face of the credit crunch bankers. For more information on our Foreclosure Sales list, contact Phil at Tate Properties - 922 787 717

Credit Crunch Capitalism

The Euro zone chiefs met yesterday and confirmed another reduction in the Euro-bore interest rate. They have now lowered it from 4.5% in September to now just 2%. This reduction comes at a time when all countries are hitting recession. The USA are now experiencing 0% interest, something that I thought I would never see, from such a huge country once brimming with wealth. How the mighty have fallen, maybe the hand of God has taken a firm role, and tore down the fat cats pedestals, or maybe its just the work of crooks in bankers suits. We will never know, but what we are interested in, is how can we benefit from this economical downturn?
Well many would say we can't, put your money under your bed, and sleep on it every night. Your can't make interest on it anyway, so why should we give it to the banks to help pay Peter, and Paul. Others would say spend it, and enjoy it why you have it! But the clever investors of the world, embrace times such as recession, to mop up in the well of onlookers. They take there lump sums of cash from the crooked bankers, and begin to invest, extremely aggressively, in good old bricks and mortar. Knowing what they pay today, will be a fraction of what the property will fetch in say 10 years time. This is not for the quick sale fraudsters, their time has passed, and its now time for the challengeable investor to make his mark. When I say aggressive, I do not mean in the speed he will mop up his fortunes, I mean in the aggressive dealing techniques he will use to intimidate his vender, and purchase at the lowest possible price.
Property, will always be property, we will always be human, and always want some form of property to live in. So its a win win situation, they simply take from the worst situated venders financially, and sit on the property portfolio until countries once again bloom.
Tate Properties Tenerife have been sourcing out the venders who need to sell, and are only looking to repay their debts, off loading extremely valuable assets for ridiculous prices. Many people have spread their wings too far, and now the feathers are begriming to fray. Before loosing face, and becoming another statistic of the credit crunch, they are desperate to sell what they have and get the banks off their backs.
"We can source some extremely well located properties, at crazy prices" explains Phil Hornby their MD "It is only for the strength of our connections that we are exclusive to these types of deals, making huge financial gains to any prompt investor"
For further information on Credit Crunch Capitalism, why not contact the people who know!
Tate Properties Tenerife 902 881 061.

Interest Rates Cut to 2.5%

As expected, the European Central Bank has reduced interest rates by threequarters
of a percentage point to 2.5 per cent.
Prior to the announcement, some analysts were predicting an even bigger cut of
1 per cent.
This latest cut in interest rates by the ECB is the third in as many months, from a high of 4.25 per cent in September.
With fixed rate Tenerife Mortgages, this could be an excellent time for you to make a property in Tenerife yours!
Call us now for more details, and latest Tenerife property.
0034 922 787 717

Happy Christmas From Tate!

Tate Properties Tenerife are celebrating yet another Festive season in the sun. Tenerife's climate is guaranteed all year around, which makes the decision so much easier when choosing to relocate to Tenerife. Although Tenerife property has seen a fall in the last quarter, it is still holding well against many property markets of the world. Owning property in Tenerife for many residents and holiday home owners, offers more than financial happiness. It is of course as all bricks and mortar an excellent investment, especially if you can purchase property while markets are down. But it also becomes a place of sanctuary, a place you can always rely on, to be warm sunny and atmospheric. Spending time away from the hectic lifestyles full of stress and turmoil in the UK.
Property is now at an all time low, making it a real buyers market, and considering purchasing now, offers excellent opportunities. Our portfolio has some fantastic deals on Tenerife property, and also businesses for sale in Tenerife.
Simply pick up the phone or contact us via email, and we will talk you through the latest deals we have on offer, and explain the huge savings you can make purchasing through Tate Properties Tenerife.
Our experience in the Real Estate industry connects us to many Tenerife property constructors, and dealers, eager to off load some of their assets at rock bottom prices. We have a combined 20 years of experience with businesses in Tenerife, and can help to relocate you and your family into a new home, new business and prosperous new year.
May be you just want to wish the team in Tenerife a very happy Christmas, or thank us for helping you in the past, what ever you need you can be sure of Tate Properties Tenerife.

Economic Crisis Offer´s High Returns!

The economic crisis can be seen by many as a black hole in the worlds financial affairs. But the idea of pulling your money out of a banking system doesn't mean you have to hide it under your bed. Property in Los Cristianos is now a fantastic investment, with many vendors and property gamblers desperate for a sale. This can offer the novice investor a fantastic deal, with a much safer investment than the banks. Some Los Crisitanos property vendors have been holding on to their portfolio in the hope of a bright horizon. But now, with non in sight, are looking to off load much of their assetts at ridiculous prices. Tate Properties based in Los cristianos Tenerife has a valuable reputation for selling property in Los Cristianos fast. Many property investors know of our slaes success rate and have began to offer us some fantastic deals. If you have available cash, and are unsure of where to invest it, then a split between some of our outstanding deals could be a solid finaincial opputuinity. Yes, the markets at present are stagnent like the UK, with much media hype controlling their future. But they still always offer a great return to the long term investor. Some Tenerife property tycoons are ready to off load their assets at ridiculous prices, in order to save at very least their depsits. These gambling tycoons have spread themselves too thinly, in the hope of quick sales! We recently sold a 220´000 euros property for 90´000 euros, allowing the vendor to reclaim his deposit, and not fail the banks. These opportunities are now available, and if you have the investment, are safer in bricks and mortar, than they are in the worlds failing banking systems. Even with the injection of cash offered by the governments, the banks will still fail, and we will see more of them collapse. This is doom and gloom for the rich tycoons, as they watch the stocks and shares loose thousands every day. But for the average saver, wondering where to keep his cash, property investment is still top of the bill! To contact Tate Properties, call their Los Cristianos property Team and ask about the credit crunch property investments they have to offer. 0034 902 881 061 info@tate-properties.com

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