The Greek economy is heading towards insolvency with the EU looking to shore it up with massive loans only on proviso that the Greek people take savage cuts to their pay, pensions, jobs and services. Meanwhile it is reported that wealthy Greeks are driving up London property prices in the £2 million plus range. In fact that end of the market has seen prices rise by some 21% in the last year... with wealthy Greeks accounting for 6% of all sales in the capital.
But whose money are they spending? If Greece is near bankrupt, how is it that all these wealthy Greeks can afford luxury property in London?
