Low prices, high yields, and Golden visa opportunities are driving Chinese buyer interest in Greece, reports Bloomberg (21 December 2017). Data from Chinese international property portal Juwai.com has revealed that Chinese enquiries for Greek properties grew nearly 159 percent y-o-y in Q3 2017. “The belief is that the worst is over and that this is a good time to take advantage of the low prices and to benefit from future capital gains as the market recovers,” said Juwai.com CEO Carrie Law, before adding that Greece also offers one of the more lax Golden Visas in Europe for Chinese to use property investment to gain EU citizenship. According to Law, Chinese interest has risen as well due to foreclosure auctions by Greek banks as well. “We have some buyers who are very interested in Greece’s e-auction process. They believe it will offer opportunities to purchase at the bottom of the market,” said Law.
