Thomson ReutersFebruary 23, 2014 11:18
By Michelle Martin
BERLIN (Reuters) - After diligently setting aside his earnings for years, Sebastian decided last year it was time to splurge.
With interest rates at record lows, the 36-year-old took out two loans and bought a three-bedroom flat in a leafy Berlin suburb for 228,000 euros.
"I don't think it's ever been as cheap as it is now," the IT specialist said. He is paying interest rates of just 2.15 and 2.40 percent on 5- and 10-year loans totaling 130,000 euros ($178,300).