Upturn in real estate breathes life into Athens 2004 venues

October 25, 2019

 

 

A pick up in Greece's real estate industry looks to have sparked investor interest in sports venues built for the Athens 2004 Olympic Games, many of which have been shuttered up and closed down for more than a decade.

 

The Public Properties Company (ETAD), which owns and manages 68,000 state property assets, has indicated that it will renew a push to privatize an indoor stadium in Palio Faliro used to accommodate the taekwondo event, by launching a tender on it in coming days. This will be the first attempt to develop a games venue in recent years as the country's crisis brought investment activity crashing down.

 

Unlike other sports facilities, the taekwondo stadium had been in regular use since the games. Located a short drive from the Athens city center, it has been used to accommodate political conferences, theater performances, and concerts. A redevelopment of the highways stretching along the Faliro stretch has helped add shine to the real estate in the area.

 

Palio Faliro is part of the Athens Riviera, a coastal stretch running from Sounio to Piraeus, which has drawn significant investments in residential housing from foreign buyers.

 

Other thoughts to privatize sports venues remain frozen. There has been talk repeatedly of Greece privatizing equestrian center in Markopoulos, southeast of Athens, with no result on the cards.

 

 

 

 

Featured homes for sale in Athens:

 

 

 

 

VIEW LISTING

 

The perfect view. Wake up in the mornings and feel inspired by the Acropolis. This fourth level apartment covers 161 square meters and features large balconies, two spacious bedrooms (one master) and two bathroomsPriced to sell.

Agent: EPSILON TEAM

Special price for GreekGuru.net readers.

 

 

 

 

 

VIEW LISTING

 

Neoclassic beauty. This 1936 detached house is in top condition. Split over two levels, its provides 3 bedrooms, 3 bathrooms, two fireplaces  and inner stairs. It stretches over 270 square meters and also features wooden floors, garden and storage areas. For those looking for more independent living.

AGENT: EPSILON TEAM

Special price for GreekGuru.net readers.

 

 

 

Please reload

 RECENT POSTS: 
Please reload