Published at: 2017-03-17 11:55 | Author: Nikos Roussanoglou
Greek banks are under pressure to offload NPLs and the assets that back them. Clever property companies are happy to help
Despite the challenging economic environment, Greek real estate investment companies (REICs) are revving up their engines. Or perhaps, it’s precisely because of uncertainty over how much longer the country will remain in its economic quagmire that many have begun making new acquisitions and scouring the country for bargains. Their mantra now is to buy before prices begin to recover. The country may still be tangled up in endless discussions with its lenders over the second bailout review, but th...

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