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Worrying Analysis Suggests Hilton Grand Vacations May Have to Unload 40 Diamond Resorts
Concerns arise over the future of recently acquired Diamond resorts within the Hilton Grand Vacations portfolio
In August 2021, Hilton Grand Vacations (HGV) made headlines with its $1.4 billion takeover of Diamond Resorts, instantly becoming the second-largest timeshare company in the world. The acquisition included 92 Diamond Resorts and brought Hilton's total resorts to 154, with a membership base of 725,000. However, industry experts are now raising concerns about the fate of around 40 recently acquired Diamond resorts within the Hilton portfolio.
Members of Diamond Resorts woke up to find themselves newly minted Hilton owners, but initial excitement soon turned to worry. The fear among Diamond owners was that their resorts, now classified as Hilton Vacation Club (HVC) rather than the premium Hilton Grand Vacation Club (HGV), would be subjected to upselling tactics by HGV's in-house sales staff. Additionally, concerns were raised about the impact on HVC members' resort availability, as HGV members had access to HVC resorts, but not vice versa.
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Are Diamond Resorts HGV Compliant?
New fears have emerged regarding the future of many former Diamond resorts within the Hilton portfolio. The Timeshare Consumer Association (TCA) highlights the issue lies with the HGV licensing agreement, which is crucial for the use of the trademark 'Hilton'.
The Hilton Licensing agreement stipulates:
HGV can only apply the Hilton name to resorts approved by Hilton. HGV cannot operate resorts under a different name to circumvent the above. HGV cannot hold inventory where services are provided by a Hilton rival.
"Based on Hilton's criteria, it appears that many former Diamond resorts may not meet the requirements to remain under the Hilton banner," explains Daniel Keating, Information Officer for the TCA. "One major issue is the high number of affiliated resorts, where the right of use is within a complex or hotel operated by a competitor."
Hilton's definition of a "competitor" ranges from major hospitality chains to individual owners with one-bedroom apartments listed on Airbnb. For example, in Malta, Diamond owns the inventory within the Intercontinental Hotel, which provides many of the services. This arrangement does not meet Hilton's criteria and would be deemed unacceptable.
According to Keating, this rule would require Hilton to disaffiliate five out of six resorts in Portugal, all five resorts in Greece and Crete, two resorts in Ireland, one resort in Bulgaria, one resort in Norway, five out of six resorts in Austria, one out of three resorts in France, one resort in Germany, six out of eleven resorts in the UK, and potentially five more destinations in canal boat marinas, as well as one out of fourteen Spanish resorts. This amounts to a potential loss of 33 affiliate resorts.
Furthermore, an additional eight resorts may face problems due to their standard or being part of a separate complex, as stated in the SEC report from HGV's "Risk Factors" section:
Club del Carmen (Lanzarote): A small and dated resort with limited services. La Quinta (Spain): Apartments scattered throughout a large residential complex. Pine Lakes (UK): Located on an ex-gravel pit and motorway service station. Sunset Bay (Tenerife): Apartments scattered throughout a large residential complex without its own reception. Sunset Harbour (Tenerife): Apartments scattered throughout a large residential complex with a shared reception. Royal Tenerife Country Club: Part of a residential complex. Diamond Suites (Malta): Run by Intercontinental Hotels, located within the hotel itself.
Potential Impact on Members and Inventory
If these 40 resorts were to be removed from the HGV timeshare groups, it would result in HGV losing four countries from its destination list. The remaining resorts would primarily be located in the UK and Spain.
This potential outcome would significantly impact members who purchased the Diamond points system due to the loss of available choices. The same 725,000 members would still require their holidays but would be competing for a much smaller inventory. They might have to settle for second or third choices in terms of both destination and preferred week slots.
Daniel Keating warns, "If the above scenario becomes a reality, we can expect an influx of requests for help from HGV timeshare members who want to find a way out of their contracts. This is not the deal many of them signed up for."
The future of around 40 recently acquired Diamond resorts within the Hilton Grand Vacations portfolio is uncertain, as concerns arise over their compliance with Hilton's licensing agreement. The potential loss of these resorts could have a significant impact on HGV's inventory and members' choices. It remains to be seen how Hilton will navigate this situation and address the concerns of its newly acquired Diamond owners.
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Real Estate Greece
Greek Exclusive Properties: Your Doorway to Real Estate Greece Greece, with its beautiful scenery, blue coastlines, and long history, has been a dream place for people who want a piece of Mediterranean paradise. If you want to own a part of this amazing place, Greek Exclusive Properties is the best choice. They offer Houses in Greece, properties, and estates for sale in the top destinations of Greece.
A History of Excellence in Greek Real Estate
Greek Exclusive Properties has been a top real estate company in Greece for many years. They are known for giving excellent service and have many homes for sale in Greece. People trust them because of their good reputation.
A Collection of Dream Properties in Greece
Greek Exclusive Properties is proud of its great collection of luxury houses in Greece. They have homes in busy South Athens and on famous Greek islands like Santorini, Mykonos, Paros, Naxos, Lefkada, Crete, and Zakynthos. Whether you want a modern villa with a simple design overlooking the Aegean Sea or a traditional Greek home in a charming village, they have something for everyone.
Houses in Greece by the Sea in Greece One of the best things about Greek Exclusive Properties is their luxury estates by the sea. These properties not only have amazing views but also direct access to the clean Mediterranean waters. Just imagine waking up to the sound of waves, having your morning coffee while looking at the horizon, and having your own private access to the beach. Greek Exclusive Properties can make this dream come true for you.
Stunning Sea Views: Luxury Homes in Greece
If you want a property with incredible sea views, Greek Exclusive Properties has many options. Greece's unique landscape offers many hillside and cliffside luxury homes that give you uninterrupted views of the sea. These luxury estates are not just places to live; they are like windows to the beauty of the Mediterranean.
Award-Winning Excellence in Greek Property Greek Exclusive Properties' commitment to being the best in Greek real estate has not gone unnoticed. They received the title of "Best Luxury Brokerage in Greece." This shows how dedicated they are to offering excellent service to clients looking for the best luxury homes and properties in Greece.
Trustworthy Expertise in Greek Real Estate
What makes Greek Exclusive Properties special is not just their great collection of homes but also their commitment to guiding clients through every step of the buying process. Their team of experts knows a lot about the Greek real estate market. They make sure clients make informed decisions and get properties that match their dreams.
Living the Greek Dream: Homes for Sale in Greece Many people dream of owning a part of Greece's timeless beauty. Greek Exclusive Properties is making this dream real with its great reputation and amazing collection of luxury homes for sale. Whether you want a peaceful villa on a quiet Greek island or a modern masterpiece in busy Athens, Greek Exclusive Properties has the key to your Mediterranean dream. In Conclusion: The Top Greek Real Estate CompanyTo sum up, Greek Exclusive Properties is a leader in the Greek real estate market. Their big collection of Houses in Greece, commitment to excellence, and ability to turn dreams into reality make them the best real estate company for luxury properties in Greece. If you want the perfect piece of paradise, Greek Exclusive Properties is the place to find your dream property in Greece.
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Real Estate Greece
Greek Exclusive Properties: Your Doorway to Real Estate in Greece Greece, with its beautiful scenery, blue coastlines, and long history, has been a dream place for people who want a piece of Mediterranean paradise. If you want to own a part of this amazing place, Greek Exclusive Properties is the best choice. They offer Houses in Greece, properties, and estates for sale in the top destinations of Greece.
A History of Excellence in Greek Real Estate
Greek Exclusive Properties has been a top real estate company in Greece for many years. They are known for giving excellent service and have many homes for sale in Greece. People trust them because of their good reputation.
A Collection of Dream Properties in Greece
Greek Exclusive Properties is proud of its great collection of luxury houses in Greece. They have homes in busy South Athens and on famous Greek islands like Santorini, Mykonos, Paros, Naxos, Lefkada, Crete, and Zakynthos. Whether you want a modern villa with a simple design overlooking the Aegean Sea or a traditional Greek home in a charming village, they have something for everyone.
Houses in Greece by the Sea in Greece One of the best things about Greek Exclusive Properties is their luxury estates by the sea. These properties not only have amazing views but also direct access to the clean Mediterranean waters. Just imagine waking up to the sound of waves, having your morning coffee while looking at the horizon, and having your own private access to the beach. Greek Exclusive Properties can make this dream come true for you.
Stunning Sea Views: Luxury Homes in Greece
If you want a property with incredible sea views, Greek Exclusive Properties has many options. Greece's unique landscape offers many hillside and cliffside luxury homes that give you uninterrupted views of the sea. These luxury estates are not just places to live; they are like windows to the beauty of the Mediterranean.
Award-Winning Excellence in Greek Property Greek Exclusive Properties' commitment to being the best in Greek real estate has not gone unnoticed. They received the title of "Best Luxury Brokerage in Greece." This shows how dedicated they are to offering excellent service to clients looking for the best luxury homes and properties in Greece.
Trustworthy Expertise in Greek Real Estate
What makes Greek Exclusive Properties special is not just their great collection of homes but also their commitment to guiding clients through every step of the buying process. Their team of experts knows a lot about the Greek real estate market. They make sure clients make informed decisions and get properties that match their dreams.
Living the Greek Dream: Homes for Sale in Greece Many people dream of owning a part of Greece's timeless beauty. Greek Exclusive Properties is making this dream real with its great reputation and amazing collection of luxury homes for sale. Whether you want a peaceful villa on a quiet Greek island or a modern masterpiece in busy Athens, Greek Exclusive Properties has the key to your Mediterranean dream. In Conclusion: The Top Greek Real Estate CompanyTo sum up, Greek Exclusive Properties is a leader in the Greek real estate market. Their big collection of Houses in Greece, commitment to excellence, and ability to turn dreams into reality make them the best real estate company for luxury properties in Greece. If you want the perfect piece of paradise, Greek Exclusive Properties is the place to find your dream property in Greece.
#Real Estate Greece#Houses in Greece#Property in Greece#Greece Real Estate#Greek Real Estate#Houses for sale in Greece#Homes for sale in Greece
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Invest in Property for sale in Crete, Greece
Wow! Planning to own a Home in Crete, Greece?? That's a perfect Idea!! Having your own home is bliss and not all have a good fate to buy their own house. But we have covered all properties in Crete in huge varieties just to make your dream come true to have your own home.
But Why Crete? Is there something special in Crete, Greece? Yes, absolutely Greece is one of the most beautiful countries in the world and one of the best countries to live in. Crete is the largest Island in Greece with no industry which means this Island is crystal clear with less population and no Pollution. Houses for sale in Crete Greece is very famous in.
Gpe360 have come up with many homes for sale in Crete Greece for those buyers who wish to have their own dream house at an affordable price. Crete has got the collection best beaches and wonders a beautiful home near a beachside will remove all your fatigue in seconds. Some people dream of having their home and we will help you to fulfill your dream to buy a home in Crete, Greece.
Property for sale in Crete Greece has got the best infrastructure, fully furnished and big homes. We assure the best value for money properties in Crete and worth investing in such a beautiful island which is covered by mountains and popular among tourists around the world. Having a home here is bliss and dream come true and we will make your dream come true.
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Your search for a dream home ends here
If you are on the lookout for properties in Greece, your search ends here. With GPE360, you can now search from thousands of properties across Greece and ensure you get the best property at the best rates. There are numerous homes for sale in Crete, Greece and all you need to do is look for the right property based on your location criteria. The portal is highly reliable and has helped numerous clients get the right property. Whether you are a seller or a buyer, finding the right property will be much easier on this portal. Based on the preferred location and budget, you can look for properties all across Greece. You will find a number of houses for sale in Crete, Greece that are an ideal fit for you. Once you shortlist a property, all you need to do is contact the real estate agent who will guide you through the process of purchase. There are hundreds of real estate agents registered with GPE360 and they will make your buying process easier and transparent.
As a seller, you can list your property for sale in Crete, Greece on the portal and make it easily visible for the buyers to search for it. There are commercial as well as residential properties available on the portal and all these properties are available for sale and rent. There are thousands of investors who use GPE360.com to look for their dream home. Do you use GPE360.com?
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Greece Properties - Golden Visa
Find Your Ideal Property In GreeceYou Do Not Pay Any Lawyer Fees When You Invest With Us For Your Golden Visa In Greece!The Different Approach Of Gate In Today's
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Greece Properties Gate was found to go far beyond the simple holiday real estate transactions at the sea and sun destinations of Europe. We have developed two core teams, which both are specialized in maximizing the value of every real estate investor. Greece Properties Gate offers quality holiday properties in Greece and Cyprus aiming to offer tailor-made solutions to property investors and those who are seeking a new home, by examining carefully our clients' needs.
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U.S. Congress approves measure to restrict sales of F-16 to Turkey
Fernando Valduga By Fernando Valduga 07/14/2022 - 4:00 PM in Military
A measure recently approved by a U.S. Congressional committee would restrict, but not completely prohibit, the sale of F-16 fighters or F-16 modernization kits to Turkey.
The amendment, to be annexed to the huge U.S. military spending law for 2023, called the National Defense Authorization Act, was approved by a committee of the House of Representatives this week. She was pressured by U.S. Congressman Chris Pappas, a Greek-American Democrat from New Hampshire, who is a member of the House Rules Committee, who voted for the addition.
The measure would prohibit the U.S. president from selling or transferring the fighters or kits to Turkey, unless the president can show Congress that Turkey "has not violated Greece's sovereignty" in the last 120 days.
It also requires the president to stipulate that providing the materials to Turkey is in the national interest of the United States, a high barrier, but not impossible to overcome.
The amendment also requires the U.S. president to show that concrete measures have been “taken to ensure that these F-16s are not used ?? by Turkey for repeated unauthorized territorial overflights from Greece".
The Turkish Air Force wants to acquire new F-16Vs and modernize its F-16 fighters. (Photo: One Hundred Dogut)
The change comes at a particularly tense time in Greece-Turkey relations.
In recent months, the Turkish military has carried out overflights of their aircraft above the Greek islands without approval, causing rebuke from Greece and other nations. In June, a spokesman for German Chancellor Olaf Scholz said that "the violation of Greek airspace and overflights above the Greek islands is not correct".
Turkey's refusal to talk to NATO allies was "counterproductive and contrary to the spirit of the alliance," the spokesman added.
However, at the end of last month, hours after Turkish President Racep Tayyip Erdogan agreed to suspend the threat of a veto on Finland and Sweden joining NATO, the U.S. announced that it fully supported the modernization of Turkey's F-16 fleet.
This statement was seen as a blow to Greece, amid Turkey's aggressive movements in its western neighbor, the most recent being perhaps the most bizarre. On Saturday, far-right Turkish nationalist politician Devlet Bahçeli released a map indicating that the Greek islands in the Aegean Sea and even Crete belong to Turkey. In response, Greek Prime Minister Kyriakos Mitsotakis asked Erdogan, an ally of Bahçeli, to answer.
In February, Greece ratified an important arms agreement with France that included the purchase of six new Rafale fighters for an existing order for 18 aircraft and the purchase of three frigates.
Source: Greek Reporter
Tags: Military AviationF-16 Fighting FalconNATO - North Atlantic Treaty OrganizationTAF - Turkish Air Force / Turkish Air Force
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Fernando Valduga
Fernando Valduga
Aviation photographer and pilot since 1992, he has participated in several events and air operations, such as Cruzex, AirVenture, Dayton Airshow and FIDAE. He has works published in a specialized aviation magazine in Brazil and abroad. He uses Canon equipment during his photographic work in the world of aviation.
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Hot times in Anchorage (Washington Post) Jets roaring overhead, President Trump on Thursday offered an updated version of his vision for the future of the United States: Lionizing the country’s military prowess and its president while saturated in red, white and blue. As fireworks exploded over the audience on the Mall, though, a more certain future for the country had already arrived in Anchorage. There were no fireworks in Alaska’s largest city this week. The fire department determined that because of the extreme danger of wildfire, fireworks were just too risky. The city and others nearby continue to be in the grip of a historic heat wave, one that’s dried out vegetation and greatly increased the risk of devastating fires. Anchorage hit a record temperature of 90 degrees on Thursday--a higher temperature than could be found in most of the Lower 48 states from within a state that overlaps with the Arctic Circle.
We’ll miss you, MAD Magazine (WSJ) After 67 years, MAD magazine will stop publishing new content, its owner DC has announced. The iconic humor magazine--which features the freckled face of Alfred E. Neuman and his slogan, “What, me worry?”--will still be available in comic shops and to mail subscribers, but from the fall will only be reprinting previously published material. A decline in newsstand sales led to the decision, reports The Wall Street Journal, citing anonymous sources.
40% of Americans say they still struggle to pay bills (Washington Post) Even as the U.S. economic expansion becomes the longest in history and the stock market reaches new records, many Americans are still living paycheck to paycheck. About 40% of Americans struggle to pay the bills, benefitting far less from the recovery as they grapple with slow wage growth, higher costs for housing, health care and education, and more personal debt, says Matthew Mish at UBS. This could leave many Americans vulnerable to any mild setback in the economy, with half of U.S. jobs paying under $18.58 an hour.
Trump Says Immigration Raids Coming ‘Fairly Soon’ (Reuters) President Donald Trump said on Friday mass deportation roundups would begin “fairly soon” as U.S. migrant advocates vowed their communities would be “ready” when immigration officers come.
U.S. Demands $12.7 Billion in Judgment Against ‘El Chapo’ (Reuters) U.S. authorities said on Friday they were seeking a court order requiring Mexican drug lord Joaquin “El Chapo” Guzman to forfeit $12.7 billion following his conviction for racketeering and drug trafficking crimes earlier this year.
Rio Police Find Clandestine Grave With at Least 12 Bodies (AP) Police in Rio de Janeiro have found a clandestine grave with at least 12 bodies in a metropolitan part of the city where militia groups operate.
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WW2 Bomb Disposal to Cause Delays at Frankfurt Airport on Sunday (Reuters) Passengers using Frankfurt Airport on Sunday should brace for possible delays as some routes will be altered while engineers dispose of a World War Two bomb, operating company Fraport said on Friday.
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Rescue Ship Heads to Italy, With Another Blocked Off Shore (AP) The German humanitarian group Sea-Eye says its rescue ship Alan Kurdi with 65 rescued people on board is sailing toward the Italian island of Lampedusa, where it will join another blocked offshore.
Sri Lanka cracks down on Wahhabism (Reuters) Sri Lanka is moving to curtail Saudi Arabian influence, after some politicians and Buddhist monks blamed the spread of the kingdom’s ultra-conservative Wahhabi school of Islam for planting the seeds of militancy that culminated in deadly Easter bomb attacks.
Vast Chinese Loans Pose Risks to Developing World (Der Spiegel) If Hong Kong is included, China is the largest creditor in the entire world. Beijing’s foreign loans dominate global markets almost to the same degree as its toys, smartphones and electric scooters do. From Kenya to Montenegro, from Ecuador to Djibouti, roads, dams and power plants are being built with billions in loans from Beijing. And all of those countries will have to pay back those loans in the years to come. With interest. For some, the billions of dollars from China are a welcome contribution to helping many underdeveloped regions in Asia and Africa expand infrastructure. For others, the loans from Beijing have forced half the world into economic and political dependency on Beijing. Some have described the situation as “debt bondage,” while a group of U.S. senators wrote a letter to Secretary of State Mike Pompeo last summer warning of China’s “attempt to weaponize capital.” Furthermore, little is actually known about the loans. China’s foreign assets are now worth $6 trillion, but outside of the government in Beijing, nobody knows much about where that money has been invested and what conditions and risks are attached.
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Sudan’s opposition agree on power-sharing deal with military (Reuters) Sudan’s ruling military council and a coalition of opposition and protest groups agreed provisionally on Friday to share power for three years, bringing thousands onto the streets to hail a first step toward ending decades of dictatorship.
Nigeria to Seize $40 Million of Jewellery, Gold iPhone From Ex-Minister (Reuters) A Nigerian court has ordered the imminent seizure of $40 million (£32 million) worth of jewellery and a customised gold iPhone belonging to former oil minister Diezani Alison-Madueke, the country’s anti-graft agency said on Friday.
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How did I miss this one?
ATHENS — A prospective client walked into the narrow, dimly lit room in the basement of a broken-down building in central Athens. Elena, 22, took off her robe and stood up. Evaggelia, her 59-year-old, fiery-tempered madam, immediately went into her pitch.
“My girl is flawless,” Evaggelia said in Greek. “I recommend her without reservation.” She recited the “menu,” and added that with one exception, “my girl does everything in bed.”
Without taking off his sunglasses, the paunchy middle-aged client rubbed his chin and eyed Elena, a Russian-Polish prostitute, as she flipped her blond hair and turned in sky-high black heels. “O.K.,” he finally said.
I was sitting a foot away on a small couch fitted with a plastic slipcover inside a brothel, witnessing this age-old transaction. We were on Filis Street — a warren of alleyways and dingy two-story houses — which has been home to Athenian brothels for most of the past century.
The trade is more desperate now because of Greece’s lost decade since the 2008 financial crisis, which has left no profession unscathed. The collapsed economy and the arrival of tens of thousands of migrants have pushed even more women into prostitution — even as prices have fallen through the floor.
And for all the talk of a new era in gender relations, with women around the world speaking out and forcing a reckoning against sexual violence, #MeToo does not exist here in this room bathed in red and purple lights, where the women are silent and their bodies are for sale, and a coffee table is loaded with condoms.
“I had a flower shop for 18 years — and now I’m here out of necessity, not out of joy,” said Dimitra, a middle-aged woman who lost her shop in the crisis and now works as a madam on Filis Street. “I used to be called Mrs. Dimitra, but now I’ve become a whore.”
“Prostitution has increased and changed, basically in the context of the new political, economic and cultural environment,” said Grigoris Lazos, a professor of criminology at Panteion University in Athens, referring to Greece’s painful economic austerity.
Mr. Lazos spent six years researching how the country’s twin crises — migration and economic austerity — had changed prostitution in Athens. He found that the number of prostitutes in the city had increased by 7 percent since 2012, yet prices have dropped drastically, both for women working on the streets and in brothels.
“In 2012, it would require an average of 39 euros” for a client to hire a prostitute in a brothel, Mr. Lazos said, “while in 2017 just €17 — a 56 percent decrease.”
According to Greek law, a brothel has to be at least about 655 feet away from schools, hospitals, churches, nurseries and public squares, among other places. But given the density of downtown Athens, it’s virtually impossible to house prostitutes there legally. Mr. Lazos found that only eight of the 798 brothels operating in the city in August were legal.
The number was vastly different from the police statistics, which count no more than 300 brothels in the city. A spokesman for the Athenian police, Theodoros Chronopoulos, explained that the official number does not include hidden brothels.
Mr. Chronopoulos said that officers aggressively work to break up trafficking rings, pointing to rising arrests. But the police mostly leave brothels alone, he said, partly because of the sense among the authorities that they help single men deal with loneliness.
“We’re quite tolerant when it comes to brothels,” he said, “because we understand that what they do is social service.”
The police later provided an additional statement, with Mr. Chronopoulos saying: “There is no tolerance when it comes to brothels. The checks are intensive and constant and violations are applied where appropriate.”
None of the women I interviewed spoke of their profession as a social service, and they often expressed disgust for their male clients. Evaggelia, the madam where Elena works, said of the men: “They’re not worthy enough of a girlfriend. They think that by paying 20 euros, they buy something.”
All the women insisted on using only one name because of the stigma and for safety reasons. None said that she had been forced — except by necessity — to be there. But none wanted to be here.
“I hate sex,” Elena said. “I like the money, not the job.”
Anastasia, known as “Amazon” to clients, has worked as a prostitute since she was 14. She’s now 33, and says the work is harder than ever.
“People don’t have money anymore,” she said one afternoon in Satovriandou Street outside a hotel named Easy Access, where clients have sessions that last from 10 minutes to a half-hour.
Anastasia says they promise, “I’ll come when I get paid,” or they ask for bargains. Men often ask for unprotected sex, she said, and many prostitutes who are drug addicts take on such clients for less than 10 euros.
“The ones that do it have AIDS, so they don’t care, they’re even doing it for vengeance,” according to Anastasia, who is in rehabilitation for drug addiction. “But they’ve destroyed the market.”
The number of H.I.V. cases in Greece has actually dropped since 2012, when intravenous drug use was rampant during the height of the financial crisis, said Dimitra Paraskeva, the head of Greece’s H.I.V. office. Greece had 628 H.I.V. cases last year, almost half the number from six years ago, according to official data.
In the cheaper Athenian brothels of Metaxourgio, I met Monica, a 30-year-old Albanian prostitute who grew up in the northern city of Thessaloniki. She said she entered the business 10 years ago, when she lived in Crete. She moved to Athens five years ago, in search of a new life, and initially worked in a taverna.
She had completed one year toward a culinary degree to become a cook and wanted to use her earnings to pay for a second year — but her boss never paid her a salary.
“I came here,” she said of the brothel, “because it’s the only job that, once you do it, you know you’ll get paid.”
Today, she spends six to eight hours a day trying to entice clients, but most do not stay.
“They don’t have money,” she said. “They haven’t had money for the past seven years.”
When she does get a client, she charges 10 euros for 10 minutes, and is allowed to keep half.
“A few years ago, they used to tip,” Monica said. “They’d give you 20 and 50, even 100 euros if they liked it. Now, no more tips.”
With the Greek crisis, the clientele changed, too, the women noted. They are now largely migrants, many who live in the apartments above the brothels in the gritty, low-rent areas. Many Greek men are simply too poor to pay anymore.
“Their wages used to be 800 or 900 euros,” Monica said. “Now they get nothing.”
Besides the increase in migrant clients, Mr. Lazos’s research pointed to an uptick of about 5 percent in Greek clientele between 2012 and 2017.
“It’s something that a man can’t quit,” Manolis, a 33-year-old taxi-driver and brothel regular who insisted on being identified only by his first name, whispered one afternoon on Filis Street. A small white light was on outside several doors left half-opened, a signal to roaming clients that a prostitute was available.
“Sex is like smoking,” Manolis said. “You’ll find 20 euros for it, one way or another.”
Despite the drop in prices, customers have become choosier.
“Seven or eight years ago, 20 to 30 men would go to the bedroom with the girl,” said Vaso, 65, who has been a madam for the past 20 years. Today, she said, it is more like five or six.
“Now they come, take a look,” she said, “and say, ‘I’ll be back.’ ”
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Choose from thousands of houses for sale in Crete, Greece
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Accommodation on the coast
The most popular among foreigners is real estate on the coast of Greece: on the peninsula, on the island, such as Crete and other isle of the Aegean and Ionian Seas. Real estate in Central Greece and in the major cities of Athens and Thessaloniki is in less demand among foreigners. But nevertheless, property for sale in Greece beachfront has always been and will be in demand.
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More up-to-date information on
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