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Afanasiu: one of the first smart cities in the world

Afanasiu: one of the first smart cities in the world

Afanasiu: one of the first smart cities in the world

The process of urban redevelopment in Ellinikon, which is currently in full swing, as well as the factors influencing the real estate market in Greece, were highlighted by the CEO of Lamda Development, Odysseas Athanasiou, in an interview published in a special edition of Business Focus for distribution in collaboration with USA Today and the Delphi Economic Forum. Athanasiou identified several factors driving the real estate market, including tourism. Many foreigners are also eager to purchase property in Greece, including citizens from the Middle East: Lebanese, Israelis, and Egyptians are buying homes for various reasons, as well as Saudis and Syrians. There is even significant interest from Greeks living abroad, such as the second or third generation of Greeks residing in the USA or other European countries.

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This has fueled the market, and prices have risen. Moreover, the world is becoming aware of a project in Greece that will transform the entire area of the Athens Riviera. Thus, this combination of factors is contributing to the growth of the real estate market, Athanasiou emphasized.

One of the first smart cities in the world

Speaking about urban regeneration in Ellinikon, which is currently being actively carried out by Lamda Development, Afanasiou emphasized, among other things, that one of the first smart cities in the world is being created from scratch and highlighted the fact that it will be a "15-minute" city, meaning that people will be able to reach anywhere within 15 minutes, whether on foot or by bike.

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Irina

Irina Nikolaeva

Sales Director, HataMatata