The purpose of the housing blocks of Prosfygika was to accommodate some of the large number of refugees from Asia Minor after Greece's defeat in the Greco-Turkish War of 1919–1922.

However, due to a conflict with Panathinaikos fans, who had been trying to use this space for the construction of the club's field, the location of the refugees' residencies to be created, was transferred to the northern side of the avenue.

[1] The residencies were finally built during the years 1933–1935, with the architect Kimon Laskaris and the civil engineer Dimitris Kyriakou being in charge of the construction.

[1] In 2009 the Central Archaeological Council declared the housing blocks of Prosfygika as buildings to be preserved due to their historical, cultural, socio-political and architectural value.

[3] In November 2022, police raids tried to evict the squatters from the Prosfygika,[4] leading to 79 arrests (of which one was released, being a reporter who was covering the event).