Rich Greeks are buying their luxury houses in London
Given the fact that their country is undergoing a major crisis, wealthy Greeks begin to turn their eyes to safer investments, so they buy cheap properties in London.
According to Bloomberg, 6% of London homes costing over two million pounds are owned by Greeks, this number has doubled since last year.
Money are starting to come out of Greece, amid the financial crisis and insecurity.
Deposits decreased during the first two months of the year by 6%. Most have left the country and come to Cyprus, where deposits have increased by 14%, according to Bloomberg data.
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Posted by Marian Ciovirta on May 9 2010 Filed under Real Estate. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
