INTERNATIONALReal Estate News

Student housing crisis deepens in Greece as rents skyrocket ahead of academic year

Greeceโ€™s student housing market is buckling under the pressure of soaring demand and limited supply, with parents and students scrambling to find affordable accommodation in time for the new university term.


The annual housing hunt has grown increasingly desperate for students, particularly in Greeceโ€™s major cities and tourist hotspots, where rental prices have surged and suitable properties have become scarce.

“When you suddenly have a large number of people entering the market, you face a problem because there simply arenโ€™t enough properties available at low prices,” said Kosmas Theodoridis, General Secretary of the Real Estate Agents Association of Attica, speaking to Greek broadcaster MEGA.

While he acknowledged that enough properties may technically exist, Mr Theodoridis stressed the pivotal role student housing plays in the countryโ€™s broader housing challenges.

“Student dormitories and student housing are key factors in addressing the overall issue,” he said, pointing to a market imbalance worsened by the prioritisation of short-term rentals over long-term student leases.

Tovima reported the pressure is especially acute in urban centres and tourist areas, where many properties have been diverted into the short-stay market, making it increasingly difficult for students to secure long-term accommodation at reasonable prices.

Stavros Trilyrakis, Vice President of the Parentsโ€™ Federation of Central Macedonia, voiced strong criticism over the commodification of student housing.

“The grim reality is that student housing, which should be a basic condition for pursuing higher education, has become a commodity – one that is exploited for excessive profit,” he said.

Mr Trilyrakis described a worsening landscape in which families are often forced to settle for substandard, overpriced apartments.

“Every year we hear announcements, see cosmetic renovations, and watch millions handed over to contractors, yet the actual living conditions never improve.”

His remarks echo growing public frustration over what many see as the governmentโ€™s failure to mobilise university-owned property or leverage modern resources to expand student accommodation options.

As Greeceโ€™s academic year draws near, thousands of students and their families are left navigating a market with few viable solutions.

Many are calling for urgent state intervention to ensure that access to higher education is not compromised by the cost and quality of housing.

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Catherine Nikas-Boulos

Catherine Nikas-Boulos is the Digital Editor at Elite Agent and has spent the last 20 years covering (and coveting) real estate around the country.