Student housing rents have risen by 15.1% this year

There has been a dramatic increase in student rental prices in the most popular college towns, up 15.1% in a year and 91.5% over a decade.

Imbalance between supply and demandappears to be intensifying as the lack of new construction with affordable rents and the phenomenon of short-term rentals are having a profound effect negative impact to the proposal, according to experts. For many students, the solution seems to come in the form of private student residences and shared accommodationwhich are new popular trends.

According to the GEOAXIS Student Apartment Values ​​Monitor 2024 report, which examines Price evolution in six regions with the highest demand for student rentals Over the past decade, this category appears to have grown significantly relative to the overall rental market, despite the corresponding there is no increase in the number of studentsThe survey recorded changes in Athens, Thessaloniki, Patras, Heraklion, Volos and Komotini.

In particular, in Athens The price starts from 4.98 euros/sq.m. in 2015 and reaches 10.7 euros/sq.m. in 2024, increasing by 16.68% per year compared to 2023 and by 151.73% over the decade. No less impressive is the price increase in Thessalonikiwhere from 4.91 euros/sq.m. in 2015, this year it reached 9.5 euros/sq.m., an increase of 11.9% per year and 93.48% over the last decade.

The third most popular city, Patrasalso demonstrated the second largest growth over the decade. From 4.7 euros/sq.m., rent reached 9.99 euros/sq.m. this year (the difference with last year is 14.96%, and over ten years – 112.55%). Next up: Herakliona city that started in 2015 with a rate of 4.85, and this year reached an average rent per square meter of 9.03 euros per month (an increase of 16.22% in one year and 86.19% in ten years). In Volos, rents started at 4.47 euros / sq.m. in 2015, and this year reached 8.28 euros / sq.m., with an annual increase of 16.13% and 85.23% over the decade.

Finally Komotiniwhich was considered the most expensive city in 2015, when it recorded the highest rent of the six cities studied – 5.11 euros / sq.m., now has the most economical price – 7.97 euros / sq.m. The increase compared to the previous year is 14.69%, and in a decade it was the smallest – 55.97%.

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