Sterling to recover in 2009?
You could be forgiven that the pound’s slide towards parity with the euro is the end of civilisation as we know it. Barely a day goes by without the mainstream media lamenting our loss of exchange rate virility, or comparing the UK to Zimbabwe.
Case studies focus on the plight of retirees in the Dordogne or second-home owners in Chiantishire. A good investment rule, though, is that the moment there’s complete consensus about something is often the moment it ceases to be so. The pound is a case in point – Investors Chronicles’s article highlights four reasons why sterling is undervalued against the euro and why it might well bounce back before the end of 2009.
Stumble it!The first months of 2008 have been very slow for French property sales. Our Immobilier have reported low enquiry rates and few viewings. However, since Easter the French Property Market has shown some positive signs with more enquiries and viewings. A major obstacle has been the strength of the Euro -.....click title for details
The latest European housing market review by the Royal Institution of Chartered Surveyors (Rics) said there was evidence of fragile recovery across much of Europe, with low interest rates and reviving economies helping to stave off "market meltdown". Image via Wikipedia Top Countries: Scandinavian homeowners enjoyed some property price growth last year. Norway.....click title for details
