The New York Times

Foreign Investors and Tourism Fuel a Greek Revival

This article originally appeared in The New York Times.

ATHENS, Greece — Less than a year after Greece emerged from a multibillion-euro international bailout, Athens is witnessing an investor boom. Hip new hotels with Acropolis views are dotting the skyline. Construction workers are tearing into dwellings owned by Greeks needing cash and converting them swiftly to short-term rentals, Airbnbs or fancy new homes for foreigners.

Thousands of visa-seekers, a significant portion of them Chinese investors looking for bargain real estate, are coming to this capital city as well as the islands of Santorini and Corfu in search of homes that will give them a European base.

Local homeowners, pressed by Greece’s lengthy financial crisis, are trying to take advantage of the investor bonanza, selling apartments or renting their homes to tourists in a

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