Italians are purchasing real
estate abroad in record numbers thus far in 2015, despite the
fact that the domestic market hasn't seen a recovery, said real
estate independent research firm Scenari Immobiliari.
Italians are overwhelmingly looking to buy in Greece, where
a recent agreement with creditors saved the European nation from
the possibility of a "Grexit," an exit from the EU.
"A phenomenon has been triggered that can be defined as a
'Grex-in'," the group said.
"It's a rush, with Italians leading the way, to buy homes
that Greeks in financial difficulty are putting up for sale at
lowered prices".
The group estimates that Italians will purchase more than
50,000 international properties in 2015, a 10% increase on 2014
figures and "a true historical record".
According to the data, Italians bought more than 24,000
homes abroad in the first half of 2015.
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