The long-delayed project to turn the disused airport into a new residential and commercial hub will likely finally break ground in early 2020 say investors.
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The development will include a park as well as cultural and recreational buildings, including a technology research institute, hotel, museum and offices.
Cosco may transform three large buildings by the port of Piraeus into hotels, said the Hellenic Ministry of Culture and Sports.
The huge growth of the short-term rental market has had some negative effects, leading the government to discuss new restrictions.
As many as ten new 4 & 5 star hotels are set to open in 2019 and early 2020, with experts confident that Athens has great potential for continued growth.
Homesharing sites like Airbnb have allowed property owners in popular destinations to boost their incomes, and helped put new regions on the tourism map.
In Athens there are already 20 buildings offering fully operational and well-equipped office spaces that can be rented per person, per day or even per hour.
Guaranteed rents, potential shares in profits and anticipated rises in property values are making hotels in Greece attractive investments.
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