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Greek property invasion
07.5.2008
Over the past two years, Greece has staged a “real onslaught” onto the Bulgarian and other Balkan markets,
Greek business newspaper Imerisia reported on May 7.
Greek construction companies, mainly from the northern part of the country, have been building large
residential, office and retail developments in Albania, Bulgaria, Croatia, Romania and, recently, Macedonia.
At the same time, hundreds of individual investors have been buying homes, which they either rent or use
for recreation. Despite the recent spike in Bulgaria, Greek buyers still believe local property prices to be
affordable, Imerisia said.
