Franchising, retail, business
30/06/2015
When you think of the world's most prosperous shopping streets, you probably don't think of Greece.
But before the double whammy of the 2008 financial crisis and 2010-2012 eurozone crisis, Athens was home to some of the most prime retail space on the planet.
In 2012, Joe Weisenthal wrote a post about Ermou, which real estate firm Cushman & Wakefield said was the the world's 10th most expensive retail space in 2007.
Three years later, I'm staying in a hotel on the exact same street, and like Weisenthal, I never would have guessed this was once such a prosperous area.
The price of retail space in the area has fallen by nearly half since 2007 and it's lost a lot of its former glory — take a look.
Fonte:http://uk.businessinsider.com/athens-richest-street-then-and-now-pictures-2015-6