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International Business Times
International Business Times
Business
Jean-Philippe LACOUR, with Peter MURPHY in Dublin

Homeowners And Housebuilders Pin Hopes On ECB Rates Cut

ECB Frankfurt Germany Interest Rates
Property developers in Germany are hoping that an expected drop in interest rates will help the ailing sector (Credit: AFP)

In the west Frankfurt suburbs on a plot wedged between a motorway and a wooded park, excavators are preparing the ground for 400 new apartments.

The busy work at the site in Germany is a rare sign of activity in an industry holding out for a fall in interest rates to get back on its feet.

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International Business Times UK
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