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Greece entices non-EU property investors with residence offer

Greece entices non-EU property investors with residence offer

Greece will be offering residence to non-EU investors buying or renting property worth over €250,000 (HK$2.5 million), in a bid to revive its moribund real estate industry, officials say. The initiative, voted into law last week, comes in response to strong demand from Arab, Chinese and Russian investors, the officials from the interior ministry and property groups told a news conference yesterday.