Phase 2 for the Greek real estate
A new, entirely Hellenic project is about to be started. Although it is the redevelopment of an existing area, the contribution of this project will be truly innovative, as well as fundamental for the entire Greek real estate. In such a critical period, like the one we are experiencing, based mainly on uncertainty in every economic sector, it is right to highlight actions such as the one we will shortly talk about, capable of reviving even a single sector of society.
So, if you are ready, let's start with this full immersion of the most ambitious phase for Greece!
The area of reference is that of the Faliro Bay. A unique area of its kind, of extraordinary beauty, which had long since been selected as an object of redevelopment. What does this mean for Greek real estate? Before answering this question, let's try to understand what the project will focus on.
The Attica region has funded the research to achieve the multiple objectives, which will extend to the main stadium. Thus including the districts of Tzitzifies, Kallithea and Moschato. A redevelopment that includes the recovery of the main public works but not only. In addition to the reconstruction of the bay, the following are planned:
- The construction of a large 220-acre park, which will run along the entire waterfront
- The creation of three parking areas, two of which were built underground near a pedestrian area, to allow citizens to easily reach the promenade near the sea
- A green area made up of over 4,000 trees and a low and traditional vegetation of the Attica region, totally open to the public
- Two pedestrian crossings to best connect the hinterland with the coast
- A new tramway line to be completed within the next four months
In short, it is not surprising that the scope of this initiative has had national and international relevance. So how will real estate take advantage of all this? First of all, there will be the possibility for sellers to put the properties on the market at higher prices, considering that they will acquire value given their location in a totally renovated area. You will not miss the convenience of '' living in the city '' while remaining a few meters from the sea. This element will be fundamental for future investors, who will seek the right compromise between a place to relax and a dynamic environment in which to relocate.
But it didn't end there. Due to the pandemic situation, many are hesitant investors who have not yet decided on the purchase or not of a property. Considering that, compared to the European average, the cost of living in Greece is much lower, it will not be difficult to assume that many will pour into the Greek real estate.
In short, an advantage with a typically urban appearance, which turns into a springboard for one of the most beautiful lands to discover!
So, if you are ready, let's start with this full immersion of the most ambitious phase for Greece!
The area of reference is that of the Faliro Bay. A unique area of its kind, of extraordinary beauty, which had long since been selected as an object of redevelopment. What does this mean for Greek real estate? Before answering this question, let's try to understand what the project will focus on.
The Attica region has funded the research to achieve the multiple objectives, which will extend to the main stadium. Thus including the districts of Tzitzifies, Kallithea and Moschato. A redevelopment that includes the recovery of the main public works but not only. In addition to the reconstruction of the bay, the following are planned:
- The construction of a large 220-acre park, which will run along the entire waterfront
- The creation of three parking areas, two of which were built underground near a pedestrian area, to allow citizens to easily reach the promenade near the sea
- A green area made up of over 4,000 trees and a low and traditional vegetation of the Attica region, totally open to the public
- Two pedestrian crossings to best connect the hinterland with the coast
- A new tramway line to be completed within the next four months
In short, it is not surprising that the scope of this initiative has had national and international relevance. So how will real estate take advantage of all this? First of all, there will be the possibility for sellers to put the properties on the market at higher prices, considering that they will acquire value given their location in a totally renovated area. You will not miss the convenience of '' living in the city '' while remaining a few meters from the sea. This element will be fundamental for future investors, who will seek the right compromise between a place to relax and a dynamic environment in which to relocate.
But it didn't end there. Due to the pandemic situation, many are hesitant investors who have not yet decided on the purchase or not of a property. Considering that, compared to the European average, the cost of living in Greece is much lower, it will not be difficult to assume that many will pour into the Greek real estate.
In short, an advantage with a typically urban appearance, which turns into a springboard for one of the most beautiful lands to discover!
