Greek Real Estate Assets seem to rapidly grow popular with all the major international investment houses worldwide.
JP Morgan proposes to its clients to invest in the Greek Real Estate at this given period. Indeed, the proposal seems to entail speculative characteristics since it considers that a Greek bankruptcy is extremely probable and chances of Greece being expelled from the Eurozone are estimated to be very high. Therefore, should a client buy in Greece with a mortgage from a Greek bank, it is quite possible that they buy in Euro and pay out in drachmas. Consequently, the buyer will have bought at a low price if compared to market prices of three years ago, while benefiting doubly should Greece devaluate its new currency. Continue reading »