Russian investment increases under Greek debt

Real estate being snapped up as property prices halve since 2009

Russian interest in Greece is increasing as a result of the country’s debt woes, with Forbes suggesting real estate is being snapped up.

Since 2008 some properties prices have fallen by 40 per cent, with luxury homes falling by as much as half.

As a result of the debt, the Greek government has had to increase taxes – including property prices – to stave off loan default by boosting the country’s budget.

Russia has also supplied the country with Greece with a $2.27 gas pipeline

Source: Realty Today