The outlook remains gloomy for housebuilders in Spain whilst, The economy in most of EuroZone, may be out of recession, but the construction industry is lagging at least a year behind with Spanish Market probably the worse affected in Europe.

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Investor opinion on whether this is the best time to invest in Investment property is deeply divided. When asked if now is a good time to invest in commercial property, 1/2 of respondents saying “yes". While several of those commenting said they expected the commercial property market to stagnate over the coming year.

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More mortgages were made available by lenders in the UK in the final quarter of 2009, the Bank of England has said. The availability of mortgages is on the rise, providing a glimmer of hope for first-time buyers, figures suggest. An improved economic outlook and house price rises had driven the rise in lending, the Bank said in a report.

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Anti-capitalist protesters scuffled with police outside the Bank of England today as Gordon Brown received a series of world leaders in Downing Street to prepare for tomorrow's G20 summit. First up was Barack Obama, making his first trip outside North America since his inauguration

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The Bank of England slashed interest rates to a record low on Thursday to help Britain out of recession, but the ECB kept its main rate on hold despite dire German and Spanish data confirming a sharp downturn. "the global economy is in the throes of a severe and synchronised downturn"

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The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history, as it continues efforts to aid an economic recovery. The half percentage point reduction brings interest rates below 2% for the first time since the Bank of England was founded in 1694.

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The Bank of England's monetary policy committee today cut interest rates by a full percentage point to just 2% - the lowest for 57 years and the joint lowest in history, as a deepening downturn and still-stalled credit markets prompted central banks across Europe to look for ways to boost their economies.

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Treasury Chief Alistair Darling will have to strike a delicate balance Monday when he presents his spending plans. With the economy in deep trouble and people looking to the government for help, his goal will be to offer a crowd-pleasing fiscal boost without prompting investors to run for the exits.

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Central banks across Europe slashed interest rates Thursday, expanding a campaign to head off a deep recession and following in the path their U.S. counterparts have undertaken for more than a year. The central banks, deeply worried about inflation and confident that U.S.

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Bank of England Rate Setting Committeevoted 9-0 to cut UK's rates. Governor Mervyn King briefed the other eight policymakers about the discussions of a coordinated move with other central banks including the U.S. Federal Reserve and European Central Bank and then invited them to decide on whether to join the action.

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