House rental prices in Patras tend to become “harsh” and in many cases unapproachable. The head of the Nationwide E-Real Estates Network Themis Bakas, told “Peloponnisos” that the country is going through a deep housing crisis, with Greece being the champion in housing costs for at least 6 consecutive years among all EU countries.
Patras is the 2nd city in the country with the largest increases in asking rents from 2017 to 2023. In particular, a 50%-55% increase in asking rental prices was recorded in properties suitable for young people and/or students.
From data obtained from advertisement websites of the Pan-Hellenic E-Real Estates Network, for 1st floor apartments and above, 25 sq.m. fully renovated or newly built, furnished with household goods, the asking price for the area Agia Sophia – Firefighter and Greek Soldieris formed at 180-250 euros. For the area Taraboura, Zarouhleika, Psarofai and Papandreou Square, ranges from 200-250 euros and to center – Psilalonia goes up to 200-400 euros.
For apartments of the same type, area 30-45 sq.m. the price in the area Agia Sophia-Firefighter and Greek Soldier ranges from 270-500 euros for apartments 50-60 sq.m. ranges from 330-560 euros.
In the area Taraboura, Zarouhleika, Psarofai and Papandreou Squareuh, the apartments 30-45 sq.m. range from 220-350 euros and the apartments 50-60 sq.m. at 260-330 euros.
End, in the center the apartments 30-45 sq.m. they now range at 250-600 euros (fully furnished and renovated) and apartments 50-60 sq.m. range from 320-650 euros (renovated).
According to the above data, a young person should spend 40%-60% of their income on housing costs if it is a studio apartment and/or a two bedroom apartment or 60%-80% of his income if it is a residence suitable for a family. As for the most affordable properties, they are unrenovated 1970-1980 construction.
According to Mr. Baca, at the given time, 446 independent properties (not rooms) are registered in the center of the Achaean capital.
Alongside, Patra is outside the government’s announcements for the construction of new student residences.
These data highlight the immediate need to adopt an integrated-expanded plan that will include immediate measures to curb housing costs.
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