Faliro was named after Nautilus Faliro, a local hero of the time of Theseus.
Prehistoric Faliro seems to correspond to the current Palaio Faliro, since there are many documented references to the Faliro area throughout the centuries.
In the 20th century, this district began to stand out because of its exceptional location, thus becoming a suburb with many summer houses of rich families. After 1974, several expatriates from Istanbul settled down permanently in Palaio Faliro, making it a very vibrant area with their presence.
At the same time, commercial development took place due to the growth of its population towards the South districts of Athens and it consequently became one of the regions with the highest prices per square meter.
It offers grand beaches and is a preferred destination for swimming, particularly the Edem area, which is to be found next to the Marina of Alimos. A number of scenic neoclassical mansions, fine examples of the 19thcentury architecture, have remained along the coast line of Palaio Faliro.
Particularity: A location made for lovers of the sea with the lovely marina, the beautiful old houses, but also many new and modern apartment buildings, giving its residents the opportunity to be very close to the center of Athens.
Transportation: Faliro is accessible by either bus or the tram.
Nature: The Cultural Center of the Stavros Niarchos Foundation, Flisvos Park.
Market: Palaio Faliro offers extensive local shopping opportunities, basically extending to Aghiou Alexandrou Street. Large retail chains have invested in this region, including the coastal road.
Average property purchase/rental rates: Purchase prices range from EUROS 1,000 up to 7.000 per square meter and EUROS 6.00 to 20.00 per square meter for rent and are primarily influenced by the location of the properties and the view they offer.
Culture/Entertainment: Restaurants, cafés, bars, children’s playgrounds, cinema complexes and, most importantly, The Cultural Center of the Stavros Niarchos Foundation, an extraordinary establishment.
Spots: The white Flisvos building resembling a small tower, which hosts the Municipal Cultural Center, the Flisvos Marina with its assorted restaurants, cafés and bars, the biggest playground of the Balkans located right by the sea, the historic battleship Averof, the Planetarium of the Eugenides Foundation, the Kouloura Mansion, hosting the Benaki Museum of Toys, the Garden of Herbs, the Museum of History of Military Aviation, the Municipal Athletic Center Trocadero, The Cultural Center of the Stavros Niarchos Foundation.
