Since the cost of renting a house has skyrocketed, cohabitation and housekeeping has ceased to be a taboo in Greece and now only applies to students who are away from the family home, but also to couples in relationships.
In order to “not sit in the children’s room until old age,” millennials have become the most ardent fans of cohabitation, followed by generation Z. This trend is observed in connection with the soaring prices in the housing market. And now young people, as well as before, not only cannot afford to buy their own housing, but also rent “something decent” for living.
It is worth noting that over the past 6 years, the average increase in the requested rent in Attica is estimated at 35%, while in some areas of the center of Athens, as in Piraeus, it reaches 55%.
Rent: Greece has the highest house prices in Europe
For now average rent for a typical house in Attica with an area of 80-100 sq.m, starting from the ground floor and above, is 9.68 euros per sq.m. per month, while the highest average price recorded in Vouliagmeni, at the level of 18.41 euros per sq.m per month, and in Camatero – 5 euros per sq.m, respectively, lowest.
For example, in Kypseli there is a three-room apartment with an area of 29-36 sq.m. 70s, renovated to European standards, currently rented from 350 to 380 per month. Together with bills and utilities, the monthly cost reaches or exceeds 500 euros.
In the same area, the asking price for renting a completely renovated apartment of 140 sq.m. with 3 bedrooms, which has furniture and all electrical appliances, ranges from 850 to 1000 euros. So if 3 roommates share it along with the bills, the monthly expense for each starts at 385 euros and goes up to 435 euros.
Of course, in both cases, for a young person who is paid the minimum wage, that is, 910 euros for 12 months, including “doro” for Easter and the 13th salary, the cost of housing exceeds the recommended 30% of income. Hence, in most ads on specialized digital platforms, generation Z and millennials are looking for “co-living neighbors”, the cost of which ranges from 250 to 350 euros per month.
In addition to the emergence of traditional cohabitation, a new co-living trend has begun to take hold in our country. Now modern “shared houses” that offer individual rooms surrounded by common areas, whose amenities, such as kitchen, laundries, gym, recreation areas, roof garden, etc. are shared among the residents, are growing like mushrooms.
Digital nomads, students studying at a distance or through Erasmus programs, young professionals and remote workers are the main target group of co-living. The rental price, depending on the amenities offered, starts from 350-500 euros per month per room, including fixed costs.
How easy it is to live with a stranger
From the results of a study commissioned by Ierax Analytix for MyRoomie.gr, 17% of respondents said they would be quite comfortable sharing a room with a stranger, this percentage increases among men and decreases among women.
In the same survey of 1,509 over-18s, 43% said they couldn’t afford to rent their own home during that period, so they would either have to live with their parents or… with a stranger.
In terms of the benefits of living together, the most positive element that the respondents named is camaraderie, followed by financial support (cost sharing) and household help. Safety is also important, especially for women.