Report Predicts Increase in Sales of Private Greek Islands

“Knight Frank, a real estate consultancy company, released a report on island real estate across the world, noting that Greece’s financial policies could lead to increased sales of the country’s islands. One of the main aspects of the deal, and the sticking points of the negotiation, is a fund of 50 billion dollars worth of public assets that will be monetized through privatizations and other means over time. The fund will be controlled by the Greek government under the supervision of European institutions. Considering that there are anywhere from 1,200 to 6,000 islands in Greece, and just over 200 of them are inhabited, Greek islands are likely to be used as a tool in this liquidation process.”

http://greece.greekreporter.com/2015/07/14/report-predicts-increase-in-sales-of-private-greek-islands/