Thanks to its large beaches, Paleo Faliro is one of the most popular seaside areas of Athens. Moreover, it is a lively area throughout the year, home to famous restaurants, the Flisvos Marina and the facilities of the Stavros Niarchos Foundation Cultural Centre.
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Faliro has been known since ancient times, as it was the port of Athens before Piraeus. The area has been inhabited since the early Christian years and also during the Turkish occupation. But what introduced the area to the modern era was the tramway that in 1883 connected it to the centre of Athens. Between 1910 and 1915 several neoclassical mansions of wealthy families of the capital were built there, while significant commercial development began after the 1960s.
Today’s Paleo Faliro is a particularly privileged area, with high prices per square metre reflecting the quality of life enjoyed by its residents. It continues to be connected by tram to the rest of Athens, while the coastal front includes the famous Flisvos Marina, which hosts restaurants, cafes and bars, and is also a berth for private yachts. Next to it is also one of the most famous open-air cinemas in the southern suburbs.
Paleo Faliro is home to several famous restaurants, as well as stadiums and squares where summer concerts of world-famous artists take place. Above all, however, it is home to the Stavros Niarchos Foundation Cultural Centre, which since 2017 also includes both the National Library and the National Opera House.
In this wonderful area, Prosperty’s portfolio has secured 2 renovated apartments of 96 and 70 sq.m each, which represent an excellent investment opportunity for those wishing to settle in one of the most privileged areas of the southern suburbs of Athens.
96sqm property
This spacious renovated 96sqm apartment is located on the 5th floor of a six-storey building in the famous neighbourhood of Flisvos. It consists of 3 bedrooms, living room, 1 kitchen, 1 bathroom and 1 WC, and enjoys a wonderful view. The heating system is gas-fired and there are several grocery stores nearby.
70sqm property
This bright renovated 70sqm apartment is located on the 5th floor of a five-storey building in the bustling Panagitsa neighbourhood. It consists of 2 bedrooms, living room, 1 kitchen and 2 bathrooms. Hot water is provided by a solar collector. The apartment’s main feature is, however, its large furnished balcony overlooking the city.
The Prosperty
In a constantly evolving field such as the Real Estate sector, Prosperty is shaping the property market’s future in digital format, with the support of technology and innovative tools.
Through the Prosperty platform, owners make their property available for sale or rent, easily and quickly, in unprecedented fashion, upgrading their property in the best way possible.
Having possession of the property’s documents, Prosperty can, along with its trusted associates (legal, construction and notary public offices), take care of the entire procedure, enabling virtually contactless buying and selling procedures. Prosperty’s transaction procedures are completed four times faster than the average time required in the market at present.
The rental experience for mid to long-term periods is conducted digitally, entirely, at an unprecedented zero cost for property owners, as well as a 50 percent cost reduction for tenants.
Prosperty, currently managing a formidable, quality portfolio of over 2.000 properties, refreshed with approximately 300 new properties every month, and having access to investment opportunities through its collaboration with major institutional property owners, offers a unique all-encompassing property experience through high-definition images, 360-degree virtual tours of property interiors, as well as impressive drone videos of surrounding areas.
