Greece’s asset stripping can lure UAE investors | GulfNews.com:
"Some UAE and Gulf travellers are drawing up plans for short visits to Greece this summer, but not necessarily to catch the scenery or the sun. Instead, they will be on the lookout to pick up choice real estate assets on the cheap.
Valuations on Greek realty are down to “10 cents to the dollar” from their 2007 peaks as the country sinks further into an economic morass and for which the wise heads of Europe don’t seem to have a solution for.
Gulf investors can tick any number of reasons for picking up a Greek real estate deal now, and they need not be high risk-addicts to head that way. And these factors will still hold true whatever be the outcome of the referendum."
'via Blog this'
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