Home / Business

Chinese investors set sights on Greek property

By Zhou Siyu | China Daily | Updated: 2013-03-30 08:10

The property price slump in Greece, fueled by the ongoing financial crisis, has started to attract Chinese investment.

"Some Chinese businessmen have shown an interest in investing in Greek property, such as investing in hotels, or buying pieces of land on Greek islands," the Mayor of Athens, Georgios Kaminis, said on Friday.

Property, mainly residential apartments, accounts for about 80 percent of household wealth in Greece. Prices tumbled 28 percent from their peak in 2008 when the country's economic contraction set in, according to data from the Greek central bank.

Chinese investors set sights on Greek property

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349