Rents for private “all inclusive” student dormitories are about 40% more expensive than simple student apartments, but they are often chosen because of the increased security they provide to tenants, according to new research.
In the report “Value Observatory: Student Dormitories Across the Territory” by the appraisal company Geoaxis, it is emphasized that the quality of the existing (state) university student dormitories is considered from tolerable to disappointing.
At the top of the sector’s new trends are private student dormitories and the willingness for co-living, as the supply of student apartments continues to shrink.
Data from the report show that in Zografou student apartments are rented monthly at 12.8 euros per sq.m., while in private student dormitories the cost rises to 29.5 euros per sq.m.
“It is characteristic that with a rent in the range of 350-450 euros/month, student apartments of around 35-40 sq.m. are available, whereas for organized private student dormitories the rent is 40% higher and the leased area 30% smaller”, the report underlines.
It is noted that in private dormitories, all services and bills (such as cleaning, security, electricity, water, heating, internet and use of common areas) are included in the price, where the provision of security to tenants (card entry system, cameras, guarding) is assessed as the most important advantage.
Apartments to tourism and the Golden Visa
Also of interest is the fact that clearly fewer student apartments are available on the market compared to 2017, as a significantly large percentage of properties has permanently entered a short-term rental regime or was sold within the framework of the Golden Visa program.
“We expect that the supply of student apartments will record a further decrease due to the increase in tourism. Indicatively, in Zografou we had an increase in registered properties on short-term rental platforms of 44% compared to last year (from 138 to 199 properties) and 69% compared to 2024 (from 118 to 199 properties)”, Geoaxis reports.
“The end of the summer period may bring a slight de-escalation in rents, provided that short-term rental apartments return to long-term leases, thus increasing supply”, it adds.