After passing the Panhellenic Exams and enrolling in a university, the search for student housing begins. For many students, this will take place in a different city from the one they have lived in until now. And this year, in particular, it is happening at a time when rents in all major cities in the country have skyrocketed.
Data from the Golden Opportunity electronic platform, collected and analysed in a report by APE – MPE, reveals where apartment rental and purchase prices fluctuate in the wider Athens area, which accounts for a large part of the total number of admissions, but what about rental prices in Thessaloniki, Patras and Heraklion Crete?
After the Panhellenic bases, it’s time to find student housing: prices soar
From 250 to 500 euros per studio
The average rental price for apartments in the wider area of the capital up to 60 m2 starts at 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 16.56 euros per square meter in Voula (which means that for a 30 m2 studio the rent is 496 euros).
Rent increases in the first half of 2024 in Athens, Thessaloniki, Patras and Heraklion, Crete, in many cases exceed 10% compared to the first half of 2023. According to comparative data, increases are also large in areas with the lowest rental prices per m².
The municipalities of Attica
In more detail, rental prices per square meter in the first half of the year for apartments up to 60 square meters by area in the Athens metropolitan area, according to data from Golden Opportunity (https://www.xe.gr/) start from:
The most “economical” areas
- Acharnes 8.28 euros per m2 (+4.8% compared to the first half of 2023)
- Artemis 8.72 euros per m² (+8.2% increase)
- Keratsini 8.8 euros per m² (+7.6%)
- Million 8.95 euros per m2 (+11.2%)
- Petersburg 8.96 euros per m² (+4.9%)
- Korydallos 9.47 euros per m² (+15.60%)
- A nice 9.52 euros per m² (+8.10%)
- Pigeon 9.64 euros per m2 (+10.40%)
- Galatsi 9.73 euros per m² (+8.40%)
- Chaidari 9.85 euros per m² (+8.10%)
- Nea Ionia 9.95 euros per m² (+7.20%)
Where does the cost exceed 10 euros per m2?
- Egaleo 10.11 euros per m²
- Kalyvia Thorikou 10.17 euros per m²
- Heraklion Attica 10.32 euros per m²)
- Piraeus 10, 44 euros per m²,
- San Dimitrios 10.57 euros per m2.
- Gerakas 10.63 euros per m².
- Transformation 10.7 euros per m2.
- Pallini 10.73 euros per m²
- Kallithea 10.81 euros per m².
- Athens Central Sector 10.88 euros per m² (9.1% increase)
- Muscat 10.9 euros per m².
- Zographed 10.96 euros per m².
- Byron 11.18 euros per m².
- Poro Rafti 11.21 euros per m².
- Ilioupoli 11.24 euros per m².
- Nea Smyrni 11.43 euros per m² and
- Cholargos 11.48 euros per m2.
Priced areas – fire
The highest values are set at
- Voula 16.56 euros per m2.
- Weights 14.67 euros per m²
- Glyfada 13.69 euros per m²
- Elliniko 13, 48 euros per m²
- Kifissia 13, 45 euros per m2.
- We charge 13.26 euros per m2.
- Bees 12.9 euros per m²
- Marousi 12, 63 euros per m².
- Chalandri 12, 63 euros per m².
- Old Faliro 12.23 euros per m2.
- Vrilissia 12.15 euros per m².
- New Eritrea 12.14 euros per m².
- It’s Friday 12.07 euros per m2.
- Saronida 11.82 euros per m².
- Dafni Attica 11.68 euros per m².
- Kaisariani 11.6 euros per m². It is
- Argyroupoli 11.56 euros per m².
The icon in Thessaloniki – Patras – Heraklion
At the Thessaloniki the average rental price for apartments up to 60 m2 amounts to 9.46 euros per m2 in the first half of 2024, registering an increase of 6.7% compared to the same period of the previous year.
In Patras the average rental price amounts to 9.14 euros per m2, registering an increase of 13.1%.
At the HERAKLION, Crete 9.85 euros per m2 representing an increase of 10.5%
Is it worth buying a property?
The lowest prices for buying an apartment up to 80 m2 in the wider area of the capital start in Acharnes at 1,710 euros per m2, marking an increase of 10.30% compared to last year. For example, for a 30 m2 studio, the average purchase price is 51,300 euros.
Prices reach 5,507 euros per m2 in Voula, which means that for a 30 m2 studio the market reaches 165,150 euros.
Prices according to the XE database (https://www.xe.gr/) which includes thousands of properties are (from highest to lowest):
The most expensive areas
Voula 5,507 euros per m² (+6.80%), Elliniko 5,110 euros per m² (+47.10%), Glyfada 4,546 euros per m² (+12.20%), Vari 4,390 euros per m² (+3.30% ), Alimos 4,131 euros per m² (+7.90%), Vrilissia 3,961 euros per m² (+25.60%), Argyroupoli 3,604 euros per m² (33.10%), Paleo Faliro 3,576 euros per m² (+5, 50%), Kifisia 3,509 euros per m2 (+6.50%), Moschato 3389 (+15%), Ag. Paraskevi 3,356 euros per m² (+4.80%), Nea Erythrea 3,334 euros per m² (+8.50%), Saronida 3,309 euros per m² (+20%), Melissia 3,305 euros per m² (+12%), Chalandri 3,269 euros per m² (+7%), Marousi 3,235 euros per m² (+ 7.30%) Gerakas 3,214 euros per sq. m (+5.40%), Kalivia Thorikou 3,127 euros per sq. m (+4.40%), Porto Rafti 2,999 euros per sq. m (+12%), Piraeus 2,910 euros per m² (+44.9%), Cholargos 2,905 euros per m² (+1.80%), Ag. Dimitrios Attica 2,900 euros per m2 (12%).
More accessibility
The following are the areas: Ilioupoli 2,861 euros per m², Nea Smyrni 2,841 euros per m², Pallini 2,834 euros per m², Dafni Attica 2,825 euros per m², Heraklion, Attica 2,724 euros per m², Kallithea 2,689 euros per m², Kaisariani 2,661 euros per m², Byron 2,503 euros per m², Zografou 2,474 euros per m², Metamorfosi 2,454 euros per m², Nea Ionia 2,452 euros per m², Koropi 2,283 euros per m², Galatsi 2,262 euros per m², Petroupoli 2,209 euros per m², Aegaleo 2,159 euros per m², Haidari 2,150, euros per m², Ilion 2,112 euros per m², Peristeri 2,093 euros per m², Keratsini 1,982 euros per m², Nikaia 1,926 euros per m², Artemis 1,913 euros per m², Korydallos 1,894 euros per m² (29.80% increase) Acharnes 1.71 0 euros per m²
In Thessaloniki, the average selling price for apartments up to 80 m2 is 2,381 euros per m2, an increase of 10% compared to last year. In Patras, the average selling price is 1,615 euros per m2 (an increase of 28.30%) and in Heraklion, Crete, it is 2,076 euros per m2, showing an increase of 7.40%.