The villas will occupy some of the most prime real estate in Attica, by the sea next to the iconic jewel of the Athens Riviera.
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Given the absence of the key driver of the holiday home market - visitors from abroad - demand has dropped significantly in 2020.
Greece's successful handling of the pandemic has helped keep interest high among high-net-worth individuals for luxury properties in the country.
Greece's effective handling of the pandemic appears to be paying dividends for its property market, with foreign demand remaining high.
In 2020, even more significant investments are expected, as new buyers look into more expensive properties.
While a real recovery remains years away, winter holiday home prices are finally rising after being at rock bottom since the onset of the crisis.
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.
The development will include a park as well as cultural and recreational buildings, including a technology research institute, hotel, museum and offices.
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