Friday, August 12, 2011

In Time of Austerity, Real Estate Is a Tough Sell in Greece

Katerina Katopis apologized for being late for an appointment. “I was with a client who wants to buy a villa,” she said, “and when that happens, you don’t cut short the meeting.”




Her attitude is shared by many. Since accepting a controversial bailout plan from the European Union, after months of strikes and demonstrations, Greece now faces an enforced sale of assets and cuts to public services.






Read more..
 
The New York Times