The Greek real estate market is hot because of investors from USA, Russia, China and other countries. The good news for the greek house market are all around the international press, recently Property Showroom published a very interesting article about this trend titled “Property Investor Sentiment Returns to Greece”:
In an incredible about-face, Greece has risen from the ashes of economic destitution and is returning to growth driven by booming tourism,unemployment having peaked and a return to lending by Greece’s banks.
Over the past 18 months, investors have purchased €1.2bn of properties primarily from banks and the Greek agency responsible for privatising state-owned assets, the Hellenic Republic Asset Development Fund,according consultants Cushman and Wakefield. That compares with around €900m in deals from 2008 to 2012.
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