‘Mass evictions’ in Athens as government offers golden visa incentive to Airbnb investors from Russia and China
A Greek government scheme that grants visas to non-EU citizens in exchange for €250,000 (£219,000) property investments is leading to mass evictions, with renters removed from their homes to make way for AirBnB properties, The Sunday Telegraph has learned.
In an echo of the AirBnB ‘epidemic’ in cities such as Barcelona, homes are increasingly being bought and converted into AirBnB properties, primarily by Chinese investors, under the Golden Visa scheme being actively promoted by the Greek government.
A new report has found that there are whole areas of Athens and other Greek cities where AirBnB now amounts to 81-95 per cent of the overall rentals. In the last two years, the number of short-term…
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