Athens city center sees drop in empty shops

14 April 2016
659 Views

Commercial activity in the center of Athens and other major Greek cities remains alive, but the same cannot be said for the suburbs, particularly poorer districts, according to a survey by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).

Central Athens is seeing fewer stores closing, while in areas such as Peristeri and Kallithea, more businesses are shutting down.

Shuttered shops in central Athens came to 25.9 percent last month, which is the lowest since such surveys started in 2012.

The rate peaked in September 2013 (32.3 percent).

In contrast, 43.7 percent of commercial spaces in Kallithea are empty, compared to 39.4 percent a year earlier.

Peristeri has a 29.7 percent rate, but some parts of the district, such as Aghios Ierotheos, have a 37.5 percent rate.

The survey noted that the decline in city center rates is due to the change in business activity, mainly from apparel to food servicing.

You may be interested

Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deaths
GREECE
shares29 views
GREECE
shares29 views

Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deaths

makis - Mar 05, 2021

Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,215, of which 15…

Great city routes to explore on foot in Athens
ART
shares25 views
ART
shares25 views

Great city routes to explore on foot in Athens

Panos - Mar 05, 2021

Athens reveals its best charms to those who put one foot in front of the other! Whether you’re looking to…

Jerusalem Post: Turkey tries insulting Egypt, Greece in imaginary maritime deal – Analysis
DEFENCE
shares43 views
DEFENCE
shares43 views

Jerusalem Post: Turkey tries insulting Egypt, Greece in imaginary maritime deal – Analysis

Panos - Mar 05, 2021

Turkey has invented a new “reconciliation,” after attempts to spread propaganda stories of “reconciliation” with Israel failed last year. In…

Leave a Comment

Your email address will not be published.