Student Housing: Price Rally Amidst Decreasing Supply

Student housing in Greece is experiencing a price rally, with rents increasing by 7.3% compared to last year and 110% over the decade, according to GEOAXIS data. Athens shows the largest increase (147%), while Komotini has the lowest prices.

The creation of private student residences and cohabitation are emerging as solutions. POMIDA advises students and parents to remain calm.

In Athens, prices range from €4.9/sq.m in 2016 to €12.1/sq.m in 2025, while in Thessaloniki from €4.8/sq.m to €10.1/sq.m. Similarly, in Patras from €4.6/sq.m to €10.5/sq.m, in Heraklion from €4.7/sq.m to €9.5/sq.m, in Volos from €4.4/sq.m to €9/sq.m, and in Komotini from €5/sq.m to €8.5/sq.m.

The oldest student apartments are located in Thessaloniki (average age 51 years) and the smallest in Heraklion, Crete (38 sq.m).

Student apartments are considered resilient investment properties, but supply is decreasing due to short-term rentals. Demand is expected to increase near major universities.

The market for 'all inclusive' private student residences with additional services is growing, but with increased rent (20%-40%).

POMIDA advises students not to panic, to consider cohabitation, and to carefully inspect houses before signing a lease.