Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money.
The number of Greeks searching for homes costing more than 1.5 million pounds ($2.4 million) on the website of property agent Savills jumped 39 percent in April compared with the average of the preceding six months, the company said.
“The reason Greeks are coming is very simple,” said Dinos Joannou, a 65-year-old Cypriot who works in the Athenian Grocery in the Bayswater district of London and has seen growing numbers arrive this year. “Greece is screwed, there are no jobs and it has been run by crooks.”
‘Greece is screwed, there are no jobs and it has been run by crooks’