Beginning in the 1980s many residents of Kypseli moved to the northern suburbs of Athens and, later, immigrants started using the basements and the small apartments of the buildings as cheap residences. Consequently, the value of real estate decreased even if high apartments on Fokionos Negri Street can be sold more expensively in comparison to the rest of the district. Several areas have remained commercial such as Patission and Fokionos Negri Streets and Kypseli is still known for its many theatres.