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🇬🇷 Greece /Economy & Trade

Rents Soar: A Student’s Monthly Housing Costs Can Reach €1,000

From Ta Nea · () Greek

Translated from Greek and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data Context piece
  • Greek rents have risen by 4% to 5% year on year, creating growing pressure for students and families seeking housing.
  • In high-demand areas, including southern Attica and popular tourist destinations, limited availability has driven prices particularly high.
  • A typical 50-square-meter student apartment in several Athens neighborhoods costs €500 to €600 in rent, while total monthly expenses can approach €1,000.

Rents are rising sharply in Greece, leaving students and families struggling to find affordable housing. Prices have increased by 4% to 5% compared with last year, according to the data cited in the report.

The differences between locations are extreme. High-demand areas, such as the southern suburbs of Attica and popular tourist destinations, have recorded exceptionally high costs as available properties become scarce.

In Athens student neighborhoods including Zografou, Koukaki, Exarchia, Ampelokipi and Kallithea, the average rent per square meter has climbed from €6 a few years ago to €10 today. A typical 50-square-meter student apartment therefore costs between €500 and €600 a month, and often has not even been renovated.

Once building charges and other operating expenses are included, the monthly cost of supporting a student can reach €1,000. The report describes that amount as difficult for an average family to bear.

About this summary

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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