Greece student housing rents rise up to 164% since 2017

Student housing rents in Greece have seen a significant upward trend, with increases reaching up to 164% compared to 2017 levels. According to research by GEOAXIS, the average requested rental prices across six studied regions have risen by 128% since 2017, with an annual growth rate of 7.3%.

Athens remains the most expensive market, with a median asking rent of 12.8 euros per square meter per month. Other cities include Patras at 11.3 euros, Thessaloniki at 10.9 euros, Heraklion at 10.2 euros, Volos at 9.7 euros, and Komotini at 9.1 euros. In terms of annual increases, Patras and Thessaloniki recorded the highest growth at 8.1%.

The rise of organized private student residences is creating a new real estate market segment, attracting interest from investors and real estate companies. Monthly rents in these private residences range from 460 to 590 euros, compared to 329 to 434 euros for typical student apartments.