According to the Times, hundreds of wealthy Greeks are snapping up expensive London homes in the rush to get money out of their stricken home economy.
According to London estate agents, Greek buyers have driven the market forward with purchases totaling £250 million.
Greeks believe that London is a secure place for investing their money. “For many people of Greece, a house in London would be indicative of prestige”, Nick Candy, British property Developer has stated.
Candy concluded, “Many Greeks have purchased homes in the most expensive area of London (Hyde Park Str., No 1), where flats can costs £7 million”.
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