With the search for student accommodation underway across Greece’s university cities, the Panhellenic Federation of Property Owners (POMIDA) has issued a series of recommendations aimed at helping students, parents and landlords navigate the process.
The federation advises families not to rush into renting or purchasing a property after university admission results are announced, stressing that a more measured approach can lead to better options and lower costs.
Don’t rush the search
According to POMIDA, students do not need to secure accommodation immediately after receiving their university placements, as classes do not begin right away.
Instead, families are encouraged to take their time, compare different properties and avoid limiting their search to neighborhoods immediately surrounding university campuses. Looking in nearby areas that are well connected by public transport can significantly reduce rental costs while offering a wider choice of homes.
The federation also advises prospective tenants not to commit to the first property they view. However, once they find a home that meets their needs and budget, they should move quickly to complete the agreement.
Renting tips for students and parents
POMIDA recommends shared accommodation as an effective way to reduce housing costs, noting that larger apartments often offer a lower cost per person. It also points out that the available student housing allowance is higher for shared accommodation than for individual rentals.
Before signing a lease, students and parents are advised to inspect the property carefully. If the first viewing takes place in the evening, a second visit during daylight hours is recommended to better assess both the apartment and the surrounding area.
The federation also stresses the importance of signing a written rental agreement involving both the student and a parent, while warning against making any payment before confirming that the person requesting the money is the property’s legitimate owner.
POMIDA further cautions families against using so-called “information offices” that request upfront fees to locate accommodation, saying they may provide outdated or inaccurate listings. Instead, it recommends working only with licensed real estate agencies, where fees are paid after the lease has been signed and the property has been handed over.
Advice for landlords
The federation also offers guidance to property owners, encouraging them to prioritize reliable tenants over simply seeking the highest possible rent.
It recommends using dedicated lease templates for student rentals and advises landlords to insure their properties against risks including natural disasters, accidents and damage caused by irresponsible or malicious behavior.
Buying instead of renting
For parents considering purchasing a home instead of renting one for their children, POMIDA says location should be the primary factor, taking into account the buyer’s needs and long-term plans.
It also highlights the importance of choosing an appropriately sized property, evaluating renovation requirements and paying close attention to energy efficiency, as these factors influence both running costs and the property’s future value.
The federation notes that energy performance is becoming increasingly important, particularly in light of future regulations affecting the rental and sale of low-rated residential properties.
