More than 480 hotels in Greece go up for sale
New research has revealed that more than 480 hotels in Crete, Macedonia, Chania and other places in Greece have been put up for sale in the past month, as Daily Mail reports citing local media.
According to the publication, some of the hotels are being sold for prices as low as €250,000 adding that this price is less than half the cost of a two-bedroom house in Fulham, London.
The hotel owners are forced to sell their properties due to great financial problems they face, says the article.
Up to now, 5% of the Greek hotels are on market: 106 hotels have been put up for sale in Macedonia, 66 in Crete and 53 on the Ionian islands, including Zakynthos and Lefkada.
You may be interested
EU Poll: Greeks overwhelmingly convinced of widespread corruptionmakis - Dec 12, 2017
Corruption in Greece is an ongoing political issue, that has been debated to death over the past 35 years. Now…
Turkish PM Yildirim escalates rhetoric against Greecemakis - Dec 12, 2017
Two days before his arrival in Greece, Turkish PM Binali Yildirim directly disputed the current Status Quo in the Aegean…
One in three Greeks unable to afford basic material goodsmakis - Dec 12, 2017
One in three Greeks or 32% in 2016 were unable to enjoy basic material goods and social benefits, according to…