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The likelihood of a defeat for Labour is positive for the pound. Euro zone economic data are uninspiring but not harmful to the euro. Monday's €1.1250 opening proved to be too rich for sterling's blood and it quickly began to retreat. It traded below €1.11 on Tuesday, rebounded to €1.12 on Wednesday, fell back below €1.11 on Thursday and bounced yet again to €1.12 on Friday before retracing its steps downwards to open at €1.11 in London this morning. The UK economy delivered some decently positive data. Two purchasing managers' indices, one for the manufacturing sector, the other for services, extended their progress into the 'expansion zone' above 50. The manufacturing PMI came in at 54.6, taking second place to the equivalent US measure. Services, with a score of 56.8, led the international field. The Halifax house price index added 1% in December, putting it 1.1% higher than it was at the end of 2008. Factory gate prices went up by 3.5% last year, squeezing manufacturers who had to cope with costs rising twice as quickly over the same period. But it was not the economic data that shaped sterling's performance, it was politics. News of an attempt to oust prime minister Brown sent the pound lower; confirmation that the coup had failed sent it back up again. Investors believe that a solution to Britain's spending gap requires a change of government. As long as it looks as though Labour will be out of office by June they are inclined to be patient with sterling. And as long as Gordon Brown is leading his party into the general election they are confident that will happen. The euro zone economy did not have much to shout about. Inflation ticked higher again, rising to +0.9% but still leaving it at less than half the target rate. Unemployment was up too, reaching double figures at 10% in November, its highest level for a dozen years. Spain was one of the biggest culprits on the unemployment front with one in five out of work and 40% of young people looking for a job. Euro zone retail sales fell by a disappointing -1.2% in November after a less than inspiring +0.2% increase the previous month. Sales were down by -4% compared with a year earlier. The second and final revision to third quarter gross domestic product confirmed that Euroland's economy grew by +0.4% in the third quarter of last year. Investors will be keen, as ever, to hear what the European Central Bank has to say after its first meeting of the year on Thursday. No change is expected to its 1.0% Refinancing Rate but ECB President Jean-Claude Trichet will doubtless vouch an opinion about what might lie ahead for the euro zone economy. Although he never predicts where monetary policy is going he frequently drops hints. The pound has spent most of the last three months between €1.09 and €1.13. It starts this week comfortably within that range and showing no sign of wanting to escape. We therefore stick to the existing risk management strategy: Buyers of the euro should stick to a hedged position, locking into a rate for half the money they will need.
Tate Properties based in the heart of the beautiful town of Los Cristianos would like to wish all of its customers passed and present a very Happy Christmas.As the cold nights draw in, the smell of Christmas bustles through the streets of this beautiful picturesque town. The once quiet fishing village of Los Cristianos, is now bustling with fantastic property for sale, and beautifully set complexes, overlooking the sea, and beach fronts of the town. Property for sale in Los cristianos is now an unbelievable investment, with prices at rock bottom, they will certainly not fall any lower, and will begin to rise as the world pulls through the Crisis. Tate Properties also have some excellent rental properties available, and if you are looking for a long let property, we have some great properties on offer. We have now also taken on some great business opportunities in Tenerife, and can help relocate any family, looking to emigrate to the island. We now have the whole package, with properties for sale in Los Cristianos, Businesses for sale in Los Cristianos and even Rental properties available today.Why not call in and see us, we are located by the famous Los Cristianos Markets, above the shopping center. Our property consultants can help provide you with all of the solutions you are looking for.Happy Christmas and a very Merry New Year.
Tate Properties Tenerife have now completed their new Tenerife Relocation Package. We can now relocate you and your family to Tenerife, helping you to locate schools, Employment, new business ventures and property. Each of our Relocate to Tenerife team will help with your emigration to Tenerife, the first step is to initially contact us and tell us your situation. After a consultation with the relocation team, we will place you with one of our best advisors. This person will look after you throughout the whole process, taking your hand, and helping you to unlock the doors of your future move. The first step of the process is all about you, and your move, deciding on the important factors which will need to be addressed first. If you have family with children, we will first source the best schools in the areas you have been considering. You may not even have got as far as location, then our relocation team will talk to you about the best areas to suit your family, giving you the reasons why. Are you bringing mom and dad with you? Its no problem, we will also consider any disabilities they may have and help you to find the best location for everyone. Relocating to Tenerife is much easier when you have a team you can trust, Tate Properties is that team. The next step is to find employment, securing your families financial future. Our Tenerife relocation team have created a solid network and can help you into employment opportunities. We will first need a full consultation with you, and talk about past work experience, helping us to connect you to the right people. Our relocation team understands that your financial future is at risk with-out employment. The power of our network can have you placed into industry´s you know well, providing you meet the employees requirements.Renting or purchasing property in Tenerife can be handled by our relocation experts. Our Tenerife property portfolio offers some fantastic deals at present, from family homes, Villas, Town houses to studio apartments for individuals. Our property portfolio covers the whole island, and any area you would like to consider. We will locate the best options for renting and purchasing, its not as stressfull as you think, especially when our team will do the searching for you. Tate Properties will start preparing viewings, arranging contracts, and complete your property purchase with in a few weeks. We have solid relationships with most banks in Tenerife, and can arrange fixed rate mortgages, interest only and in some cases 100% loan to value.We can even take care of your pets travel arrangements, seeing the family dog into its new home. Along with our competitive removal experts Crownway International. They will move your family possessions from door to door, and take care of all of the paperwork. Leaving you to sit back, relax and enjoy your new life in the sun. Call our Tenerife relocation team today on 0034 922 787 717, they will be happy to take your call and begin your consultations. It costs nothing to talk, so what are you waiting for......
When looking for property for sale in los Cristianos you need an estate agent that you can trust to look after your best interests. Tate Properties are an experienced Estate Agent specialising in los Cristianos property. Established in the Los Cristianos area, we have a wealth of experience and knowledge. Our dedicated and professional approach to our work has earned us a strong and highly regarded reputation for being the best for Los Cristianos property. Los Cristianos is an ideal location for property investment or for finding that home in the sun. Situated just 15 km's west of Tenerife’s south airport, Reina Sofía, ensures a transfer trip of less than 30 minutes, making it an ideal spot for tourism and with its beautiful promenade full of restaurants, shops and bars it is easily one of the most popular resorts on the Island. Los Cristianos began as a local, quaint little fishing port with a few houses and a few bars. Twenty five years ago when the tourists started coming to Tenerife and Los Cristianos, Las Americas was built to accommodate them and soon Los Cristianos joined in the tourist boom. However, Los Cristianos is a far more sophisticated resort to Las Americas. There is a beautiful catholic church and many buildings in the area have managed to maintain their original typical Canarian architecture. By the Los Cristianos harbour, the old town is still present and although this has now become a major port with large cruisers, yachts and the Fred Olsen ferry and hydrofoil travelling daily to the islands of La Gomera, La Palma and El Hierro, the small fishing boats and trawlers can still be found here too. Los Cristianos offers two long artificial beaches. Both are clean and very well kept and because they are manmade the sand is not as dark as can be found on other beaches The beachfront here offers a wide range of bars, restaurants and cuisine along the promonade, not just British, but also plenty of traditional Spanish bars offering locally caught fresh fish, Tenerife specialities and Spanish tapas and the bars offer a variety of salsa, jazz, live bands and cover bands. The promenade itself is beautifully maintained and runs uninterrupted right along the coastline from one end of Los Cristianos to the furthest tip of Las Americas taking around two hours to walk. Off from Los Cristianos’ town centre and stretching down to the port is the totally pedestrianised Avenida de Suecia, a labyrinth of streets and alleyways that is a shopaholics paradise. Clothes, food, jewellery, makeup, sports equipment, you name it, somewhere they will have it. Los Cristianos is a small fishing village around which tourism has inevitably grown, but which has managed to preserve its own flavour and charm and Tate Properties is proud to be able to offer the prospective buyer a complete service from start to finish when purchasing Los Cristianos property.