Those who saw their efforts rewarded with admission to the school of their choice now have one more battle to fight: that of finding student housing.
In this context, together with their parents, they look for the solution that suits their family budget. Most people turn to the solution of renting either a small studio or a larger apartment for cohabitation. However, the number of parents who consider the possibility of buying a house, looking at the long term, is not negligible.
The example of parents from Crete with two children is typical: one is already studying in Athens and the second is starting his studies in the capital this year. “In this case, as we have calculated, if there is an opportunity, the market is advantageous in relation to the rent. It is an investment that will remain with the children who plan to take their first professional steps in Athens” they told the Athenian-Macedonian News Agency.
Rent from 250-500 euros for 30 sqm in Athens
But where are the rental and purchase prices of real estate in the greater Athens area today? What are the differences compared to 2023? What are the rental prices in Thessaloniki, Patras and Heraklion, Crete? In particular, according to data from the Golden Opportunity electronic platform, the following emerges:
The average rental price for apartments in the wider area of the capital up to 60 m2 starts from 8.28 euros per square meter in Acharnes (which means, for example, that for a 30 m2 studio the rent is 248 euros) and reaches up to 16.56 euros per square meter in Voula (which means that for a 30 sqm studio the rent is 496 euros).
The rent increases in the first half of 2024 both in Athens, as well as in Thessaloniki, Patras and Heraklion in Crete, in many cases exceed 10% compared to the first half of 2023. According to the comparative data, the increases are also large in areas with the lowest rent prices per sq.m.
In more detail, the rental prices per sq.m in the first half of the year for apartments up to 60 sq.m per area in the greater Athens area start from:
- Acharnes 8.28 euros per sqm (+4.8% compared to the first half of 2023), Artemis 8.72 euros per sqm (increase +8.2%), Keratsini 8.8 euros per sqm ( +7.6%), Ilion 8.95 euros per sq.m (+11.2%) Petroupoli 8.96 euros per sq.m (+4.9%), Korydallos 9.47 euros per sq.m (+15 ,60%), Nice 9.52 euros per sq.m (+8.10%), Peristeri 9.64 euros per sq.m (+10.40%), Galatsi 9.73 euros per sq.m (+ 8.40%), Haidari 9.85 euros per sq.m (+8.10%), Nea Ionia 9.95 euros per sq.m (+7.20%)
- They are followed by: Aigaleo 10.11 euros per sq.m., Kalivia Thorikou 10.17 euros per sq.m., Heraklion Attica 10.32 euros per sq.m.), Piraeus 10, 44 euros per sq.m., Ag. Dimitrios 10.57 euros per sq.m., Gerakas 10.63 euros per sq.m., Metamorfosi 10.7 euros per sq.m. Pallini 10.73 euros per sq.m. Kallithea 10.81 euros per sq.m. Central Area of Athens 10.88 euros per sq.m (9.1% increase), Moschato 10.9 euros per sq.m., Zografou 10.96 euros per sq.m. sq.m., Byronas 11.18 euros per sq.m., Poros Rafti 11.21 euros per sq.m., Ilioupoli 11.24 euros per sq.m., Nea Smyrni 11.43 euros per sq.m. and Cholargos 11.48 euros per sq.m.
- The higher prices are formed in Voula 16.56 euros per sq.m., Vari 14.67 euros per sq.m. Glyfada 13.69 euros per sq.m., Elliniko 13.48 euros per sq.m., Kifisia 13.45 euros per sq.m., Alimos 13.26 euros per sq.m., Melissia 12.9 euros per sq.m. Marousi 12.63 euros per sq.m., Chalandri 12.63 euros per sq.m., Paleo Faliro 12.23 euros per sq.m. , Vrilissia 12.15 euros per sq.m., Nea Erythrea 12.14 euros per sq.m., Ag. Paraskevi 12.07 euros per sq.m., Saronida 11.82 euros per sq.m., Dafni Attica 11.68 euros per sq.m., Kaisariani 11.6 euros per sq.m. and Argyroupoli 11.56 euros per sq.m. Dept.
Thessaloniki-Patra-Heraklion: Significant rent increases
In Thessaloniki, the average rental price for apartments up to 60 m2 amounts to 9.46 euros per m2 in the first half of 2024, showing an increase of 6.7% compared to the corresponding period last year.
In Patras, the average rental price is 9.14 euros per sq.m, showing an increase of 13.1% and in Heraklion, Crete, 9.85 euros per sq.m, showing a 10.5% increase
Buying a property – Big increases, over 50,000 euros for a 30 sq.m. studio
The lowest prices for buying an apartment up to 80 sq.m in the wider area of the capital start in Acharnes from 1710 euros per sq.m, marking an increase of 10.30% compared to last year. For example, for a 30 sq.m. studio, an average purchase price is 51,300 euros.
Prices reach up to 5,507 euros per sq.m in Voula, which means that for a 30 sq.m. studio, the market reaches 165,150 euros.
Prices according to the Golden Opportunity database of thousands of properties are (from highest to lowest):
Voula 5507 euros per sq.m (+6.80%), Elliniko 5110 euros per sq.m (+47.10%), Glyfada 4546 euros per sq.m (+12.20%), Vari 4390 euros per sq.m (+3.30%), Alimos 4131 euros per sq.m (+7.90%), Vrilissia 3961 euros per sq.m (+25.60%), Argyroupoli 3604 euros per sq.m (33.10 %), Paleo Faliro 3576 euros per sq.m (+5.50%), Kifissia 3509 euros per sq.m (+6.50%), Moschato 3389 (+15%), Ag. Paraskevi 3356 euros per sq.m (+4.80%), Nea Erythrea 3334 euros per sq.m (+8.50%), Saronida 3309 euros per sq.m (+20%), Melissia 3305 euros per sq.m. m (+12%), Chalandri 3269 euros per sq.m (+7%), Marousi 3235 euros per sq.m (+7.30%) Gerakas 3214 euros per sq.m (+5.40%), Kalivia Thorikou 3127 euro per sq.m (+4.40%), Porto Rafti 2999 euro per sq.m (+12%), Piraeus 2910 euro per sq.m (+44.9%), Cholargos 2905 euro per sq.m (+ 1.80%), Ag. Dimitrios Attica 2900 euros per sqm (12%).
The following are the areas: Ilioupoli 2861 euros per sqm, Nea Smyrni 2841 euros per sqm, Pallini 2834 euros per sqm, Dafni Attica 2825 euros per sqm, Heraklion, Attica 2724 euros per sqm, Kallithea 2689 euros per sqm, Kaisariani 2661 euros per sqm, Byron 2503 euros per sqm, Zografou 2474 euros per sqm, Metamorfosi 2454 euros per sqm, Nea Ionia 2452 euros per sqm, Koropi 2283 euros per sqm, Galatsi 2262 euros per sqm, Petroupoli 2209 euros per sqm, Aegaleo 2159 euros per sqm, Haidari 2150, euro per sq.m., Ilion 2112 euro per sq.m., Peristeri 2093 euro per sq.m. Keratsini 1982 euro per sq.m., Nikaia 1926 euro per sq.m., Artemis 1913 euro per sq.m., Korydallos 1894 euro per sq.m. (29.80% increase) Acharnes 1710 euro per sq.m
In Thessaloniki, the average selling price for apartments up to 80 m2 is 2381 euros per m2, showing a 10% increase compared to last year. In Patras the average selling price is 1615 euros per sq.m (increase of 28.30%_ and in Heraklion, Crete at 2076 euros per sq.m showing an increase of 7.40%
Recommendations for parents and students
POMIDA gives some basic advice to new students and parents on its website. Addressing young students and parents, she recommends:
- Do not panic. You don’t have to rent a residence from the first moment, nor do classes start the day after the results are announced.
- Don’t look for a house outside the University gate, (common mistake of parents). A few streets or a few stops down, there are many houses waiting for you, discover them.
- Organize your search and don’t rush to settle on the first one you see, but immediately close the first one that appeals to you.
- If they ask you for a rent that exceeds your finances, do not accept it, because you will definitely find what you are asking for a little further.
- There is no limitation either in terms of the amount of the guarantee, nor in terms of the number of pre-paid rents.
- Organize your roommate with other students you know, in two-room, three-room and generally large apartments, which are always rented much cheaper than smaller ones. The student rent allowance for cohabitation is much higher than the simple allowance.
- Carefully and unhurriedly check the house you found and the condition it is in. If it is night, you are asked to see it in daylight as well.
- Fill out and sign a lease document, both you and your concerned parent, but be careful, never pay rent or advance payments unless you are sure that the person asking you is actually the owner of the house you are renting.
- Away from the so-called “information agencies”, which promise that if you pay them a certain amount in advance, they will immediately find you the house you want. Most of the time their “information” is outdated and worthless.
- Go only to official real estate agencies, where you do not pay any amount in advance, except when you sign a lease and take delivery of the house.
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