The Tziveli property on Dionysiou Areopagitou street was finally sold at a distress price of 15 million euros. The property was put up for auction in 2017 with a starting price of 40 million euros.
The property, located at the corner of Dionysiou Areopagitou and Makrigianni streets, with unobstructed views of the Acropolis and a total area of 2,900 sq.m. belonged for some years to the Tziveli family.
Its initial price, at the end of July 2017, was 40 million.
The unusual part? According to the power of attorney agreement, the purchase price refers to the amount of 15 million euros. The price is generally considered to be very low. A few months ago in the same area, a property owned by Vangelis Papathanassiou, a much smaller property, was sold at almost double the price.