Chinese investor buys 100 apartments in Athens’s Exarchia district

A Chinese investor has purchased 100 apartments in the Exarchia area, a Kathimerini newspaper report says.According to the specific report, the Chinese man made use of them through short-term rental platforms and then sold them as an investment portfolio to a foreign investor.The report also notes , that the same investor is preparing to make a new purchase of more than 100 apartments this time, in the same area. Exarchia is very close to the center of Athens and just behind the National Archaeological Museum.The reason for the preference for investments in Exarchia is not just the low real estate prices, but also the willingness of many owners to abandon the area. Prices in the area have dropped in recent years due to increased criminal activity.The report mentions the investor is taking advantage of the “Golden Visa” program that gives a residence permit to foreign nationals who make investments of over 250,000 euros.Read more here.RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism reportSource: greekreporter.com