Russians Search Greece For Real Estate Investments
Rich Russians are looking into Greece for real estate bargains, particularly land and hotels. G. Pililitsis, Mayor of Sapon, a small Greek city, told newspaper “Thraki” that Russian investors have expressed interest in investing in Serres Industrial Park Serres. At the same time, ten Russian moguls plan to invest more than half billion euro in Greek real estate to develop resorts or acquire hotels.The recession in Russia, which now seems to have passed, has recently turned up numerous Russian businessmen who wished to buy property, amounting to 4-7 million in a small elite who do not buy land worth less than 200 -300 million.
