Rents in an Athens, Greece neighborhood are rising due to an influx of Israeli buyers, sparking discontent among local residents.
Residents of the Exarchia neighborhood in Athens, Greece, are complaining that a surge in property purchases by Israeli investors for short-term rentals has led to soaring rents and eroded the community's character, sparking strong discontent and anti-Israeli sentiment among locals, Al Jazeera reports. To curb an overheated real estate market, the Greek government plans to raise the property transfer tax for non-EU buyers from 3% to 15% starting next July.
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