Free Money!

220.Free Money!
It is not usual that you are able to obtain “free money” from the European Central Banks, that is that banks are now able to borrow money from the ECB at 0% interest.
The idea behind this bold move from President Mr. Mario Draghi is that eurpean countries and private banks in europe will now be able to borrow at no interest so they can at the same time lower rates to the banks clients.
This is wonderful and it surely is a measure to be applauded. In reality banks are not the keen on not making a profit and even though it is better than ever to obtain money for them, you will probably still pay the same on your mortgage. Unfortunately for the average citizen if you are not an institution this measure will not probably affect us as all.
It may be possible however that the banks reduce their interest rates, so when you borrow money to buy a house the monthly payments you will be required to pay will be less than ever.
It is now the best time for you to buy a property! It has never been this cheap for you to obtain money and the property market in Barcelona is going up!
Buy, buy, buy!