In Greece, the Ellinikon, Europe's largest real estate project, is arousing appetite and controversy.
South of Athens, Europe's largest urban redevelopment project is taking shape. The colossal undertaking intends to revive a neglected area and create a new city for wealthy buyers. But the consequences are numerous, notes the Greek press.
Skyscrapers, luxury residences, shopping malls, hotels, casinos, parks, marinas... On the Riviera south of Athens, the Ellinikon is shaping up to be Europe's largest urban redevelopment project. Touted as a "smart" and "sustainable" city, it covers 6.2 square kilometers, with a total budget of €8 billion.
“The Riviera Tower resembles an oversized totem pole as it emerges from the ground, sending the message that living conditions on the Athenian Riviera are changing forever,” describes Proto Thema . “Forecasts point to the arrival of one million tourists a year, an additional economic benefit for the Greek state with revenues of €14 billion, a contribution to the [country's] gross domestic product of 2.4%, and the creation of 85,000 new jobs,” the conservative daily enthuses.
This colossal real estate project aims to revive a long-abandoned area, the site of the former Athens airport, and aims to be a symbol of Greece's economic renaissance. "The Athens Riviera has established itself as one of the most dynamic luxury real estate markets in Europe for 2024-2025, attracting wealthy buyers from around the world," notes To Vima .
The first ones
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