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PROPOSALS IN GREECE
08.04.2013 < BACK
After three years of economic crisis Greece is beginning to attract investors.
After three years of economic crisis Greece is beginning to attract investors.

The emir of Qatar confirmed last week that the debt choked country is a buyer\'s market, picking up six islands in the Ionian Sea for a mere £7m.Properties have lost 50% of their value since 2007 and foreigners who smell an opportunity are calling,\" says Christos Vergos, of the Athens branch of Remax.

Bargains are such that Qatar\'s oil-rich monarch, Hamad bin Khalifa al-!ani, wants to buy 12 more islands off the coast of Ithaca for the purpose of building summer palaces for each of his 24 children.

Property specialists say hundreds of cash-rich Lebanese and Israelis have snapped up holiday homes on the island of Mykonos.

They are the people with cash in hand who can get a deal,\" says Roi Deldimou who represents Beauchamp estates on the island.

Turkish investors are also moving in, cutting deals to snap up hotels in the historic heart of recession-ravaged Athens, where the cash-strapped state, desperate to meet the demands of international lenders, is also offloading properties.

The Chinese, who recently bought the operating rights to the port of Pireaus, are taking advantage of depressed prices to purchase property around the capital.Russians have led Greece\'s wave of new investors.

Oligarchs have acquired luxurious homes along the Athenian Riviera following Roman Abramovich\'s acquisition of a huge estate on Corfu.
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