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Chinese Buyers Gobbling Up Greek Real Estate
The numbers of Chinese buyers of properties across Greece continues to increase. Photo by Wikimedia Commons
 
The Greek real-estate boom that has been recorded in the last couple of years is continuing its trend as Chinese buyers are multiplying at a great pace.
 
Many Chinese investors take advantage of Greece’s generous ”Golden Visa Scheme”, which allows non-E.U. nationals to attain a Greek residence permit, and as a consequence, an EU residence permit. The only stipulation of the plan is that individuals must invest more than €250,000 ($284,000) in Greek real estate.
 
The number of buying inquiries being made by Chinese consumers on Greek property is now more than four times higher than it was in the fourth quarter of last year. Chinese buying inquiries increased by 137.5 percent in the third quarter alone.
 
This explosion in demand from China has understandably attracted the interest of many Greek real estate agents. The Greek developer MD Homes LTD was named among twenty of the world’s best China-focused real estate marketers. 
 
Mainland Chinese invested $119.7 billion in international property last year, and it is expected to bring total investment to at least $123.3 billion for the year 2018.
 

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