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Russians, Chinese seeking out Greek properties

Investors can get a golden visa to the country and also take advantage of the low prices to benefit from future capital gains as the market recovers

Published Thu, Dec 21, 2017 · 09:50 PM

Athens

GEORGE Kachmazov, a Russian realtor, is buying up property in Athens.

The Moscow-based chief executive officer of real-estate platform Tranio.com has bought a building in the Greek capital and is in the process of acquiring five others with a view to selling apartments to international investors.

For Mr Kachmazov, the sales pitch is clear: buying property in Greece can give an investor a so-called golden visa to the country - and with it an entree into much of Europe.

What's more, the country's real estate market may be poised for a rebound, helping buyers make some money on their purchase.

"Greece's real estate market is one of the remaining few in Europe…

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