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This has become a headache for thousands of families across Greece. Find student accommodationAs the start of the new school year approaches, the phones in real estate offices keep ringing.
The problem is the lack of the necessary number of public student dormitories and the inappropriateness of some of them.
However, With soaring prices The housing supply is limited because the development of short-term rentals, especially in Athens and Thessaloniki, but also in tourist areas such as Crete, has limited the housing supply and those interested in a few square meters are asked to pay a large sum of money for a total of more than 30 square meters. Even this is 450 euros, and in reality for apartments that are usually very old, not on the ground floor and without continuous heating.
Moreover, mainly on the islands, landlords do not rent their properties to students on a long-term basis, but design medium-term leases that start in October and end in late May or mid-June. A typical example on electronic platforms is an advertisement for a student apartment for rent in the center of Chania, with an area of 25 square meters, furnished, which the owner offers to rent from October 1 to May 30 for 380 euros per month.
Student housing: skyrocketing prices
According to the furnished student housing rental ads, Alsos Pagkratiou 30 sqm, first floor, rents for 600 euros, Lykavittos ground floor apartment, 45 sqm, 750 euros, Ampelokipi 40 sqm, sixth floor, 600 euros, Ano Kypseli 32 sqm. 400 euros, Kato Patisia 54 sqm, fifth floor, 570 euros, Piraeus Hagia Sophia 52 sqm. 650 euros, a studio 20 sqm in the center of Heraklion, Crete, 400 euros, while a 30 sqm. first floor in Agia Sophia in Patras, also furnished, is 490 euros.
According to the Spitogatos Price Index SPI, rents for student accommodation in Greece’s largest student towns have increased significantly compared to last year, with average asking rents exceeding 10% in many areas. In Attica, prices range from 8.5 to 15.5 euros per square meter. The lowest average asking prices per square meter for student accommodation are in Nikaia, Patision – Acharnon and Kypseli, while the highest prices are in Kolonaki – Lykavittos and Koukaki – Makrygianni.
According to the same data, the largest increase in Athens was in the metropolitan area, which increased by 21.6% compared to last year, followed by Athens City Centre, which increased by 19.1%, Pagrati, which increased by 17%, and Kipseli, which increased by 16.2%. Thessaloniki also saw a 9.4% increase in student housing prices. However, in other parts of Greece, prices are rising. Compared to last year, the increase was 11.3% in Heraklion, 10.3% in Larissa, 10.7% in Patras, 16% in Chalcis, and 10.4% in Komotini.
Private “fireplace”
The student housing problem is very serious, caused by the lack of the necessary number of public student housing and the unsuitability of some of the student housing that exists throughout Greece. In recent years, given the lack of real estate, real estate companies have rushed to fill the gap, redeveloping old buildings and hotels in urban centres such as Athens, Thessaloniki, Patras, Komotini, Chios, Heraklion, creating private “homes”.
The price of these stoves depends on the apartment – room 15-25 sq. m. (furnished) – it ranges from 450 to 650 euros per month, i.e. 20%-30% more expensive than a standard student apartment, and this price includes services and bills (such as security, electricity, water, heating, internet and access to common areas and possibly even a gym). In fact, those interested can pay the rent annually or in 3, 6 or 12 installments, and can even use a credit card.
These apartments are also available furnished, but in some cases they can be rented out during certain months of the year. However, the number of such properties across the country is still small and certainly cannot satisfy all existing demand.
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