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News & Investor Information Nice 'has seen highest rise in French property values' No city in France has seen property values rise as much in the last 12 months as Nice, it has been stated. New figures show mortgage lending rise Mortgage lending rose last month, new figures from the Council of Mortgage Lenders (CML) have revealed. Canary Islands in new flights boost In news that may interest overseas property buyers thinking of investing in the Canary Islands, it has been announced that new flights will be heading there from Bristol Airport. NAEA in new rate cut and stamp duty call A further base rate cut and a significant change to the stamp duty regime are required to stimulate the property market, the National Association of Estate Agents (NAEA) has claimed. MPC unanimous over rate cut The Bank of Englands monetary policy committee (MPC) unanimously backed the move to cut the base rate to three per cent this month, minutes of the meeting have revealed today. Short-haul tipped as best for tourism in 2009 In news that may help those investing in overseas property fix their targets for next year, it has been predicted that British holidaymakers will concentrate on short-distance trips to the continent next year. Bodies sign up to Welsh construction agreement New homes in Wales are set to get greener after over 40 bodies signed up to a pledge to help the Welsh assembly government reach its goal of a carbon-free built environment. Cypriot airport's new facilities up and running Paphos airport in Cyprus has opened up its new extended facilities and all are working well so far, it has been stated. Brazil 'being discovered' Overseas property investors are finding out about Brazil not only as a holiday resort but as an investment destination as well, it has been stated. Inflation plunge may confirm rate trend The consumer prices index (CPI) rate of inflation plummeted in October, suggesting that the Bank of England may need to cut interest rates again soon. New golf resort may boost quiet Algarve area In news that may interest overseas property investors, the arrival of a new golf resort on the Algarve has been announced. End boom and bust in property, says Clegg Liberal democrat leader Nick Clegg has said the country should not return to a situation of high house price inflation when the market recovers. Brown hints at further rate cuts Prime minister Gordon Brown has suggested that more can be done to loosen monetary policy around the world, including in Britain. London borough tops expensive homes poll The most expensive houses in Britain are in the royal borough of Kensington and Chelsea, a new survey has revealed. Scottish housing market 'adjusting sensibly' The house price adjustment in Scotland is happening in a "sensible" fashion, it has been suggested. Vegas and Orlando tipped to be busiest at Christmas In news that may interest those thinking of buying overseas property, the biggest numbers of tourists flying into US airports in the Christmas holiday season has been tipped to be those passing through Las Vegas. London property 'past the worst' The London property market has passed its worst point and is heading towards a situation in which people will start buying again, it has been stated. Beckett expresses desire for more homeownership Housing minister Margaret Beckett has said she is keen to see more social renters becoming mortgage payers. Scottish house prices up on a year ago House prices in Scotland are still higher than they were a year ago, new figures have indicated. Bank reveals rates may have to be cut again The Bank of England has hinted that interest rates may have to be cut again as it is possible that inflation may fall even faster than expected.
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