Three times a week, hundreds of Chinese investors arrive at Athens airport to be greeted by Greek real estate agents who drive them straight into the city to view apartments for sale. The visitors are drawn to Greece by rock-bottom property prices and one of Europe's most generous "golden visa" schemes, offering a renewable five-year resident's permit in return for a €250,000 (US$400,000) investment in real estate. Carrie Law, Chief Executive of Juwai.com, a Chinese website for global real estate, said inquiries about Greece doubled in the first quarter of 2018 and jumped three-fold in the second, reports Financial Review (30 October 2018).
