76 Days
Source:
الاقتصادية
Development surge sparks debate in Riviera Athens
The southern coastal suburbs of Athens, particularly the Glyfada area, are experiencing a real estate development boom, with property prices rising and the population increasing, despite concerns about its impact on infrastructure and social inequality. The project includes the construction of a new city covering 6.2 square kilometers, featuring hotels, shopping centers, and high-rise towers, which puts additional pressure on resources but also contributes to economic growth and attracts foreign investors. Meanwhile, property prices continue to increase, reaching up to 7,300 euros per square meter in some areas, raising worries among residents about losing social balance and deteriorating access to essential services.
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