The interest for apartments to rent in Thessaloniki is increasing on a permanent basis, as many areas are now saturated. This means that an apartment for rent, as soon as it appears on the market, immediately becomes a big hit. In fact, the combination of increased demand for apartments to rent with reduced supply is keeping rental prices high in most of Thessaloniki.     

Foreign citizens, students, proximity to the workplace, new families looking for a home, conversion of many apartments to airbnb are some of the factors that determine the demand for rental apartments.    

Below we will go into more details on some of the key reasons for the increased demand for rental apartments and look at what is happening in the specific category of "single-family homes and rentals".

Apartment to rent: Balkans & students 

It has been found that in the real estate sector of rental apartments in Thessaloniki, a significant percentage of interest comes from foreign nationals, mainly from the Balkan region, but also from students.

Increased demand from Balkan citizens

Thessaloniki attracts a large number of citizens from Balkan countries, who come to work and therefore contribute to the increase in demand for buying and renting apartments. 

These are Serbs, Bulgarians, Romanians but also Turks, who are looking for houses to rent in Thessaloniki, while a significant percentage of them are also interested in buying property. In fact, it is estimated that the percentage of citizens from Balkan countries who will express interest in renting apartments in Thessaloniki will increase over the years.

Apartment to rent by students 

If we consider that there are about 140,000 students living in Thessaloniki, then we can understand that they have a significant impact on the trends in property rental. And as it is expected, many of them are interested in renting an apartment in the center of Thessaloniki or in areas adjacent to it, so that they are close to the campus.  

In fact, because every year the number of students is renewed, the interest in renting apartments is permanently increased. It should be mentioned here that students are looking even for large houses in order to move in with other people, but there is also a great interest in smaller properties, such as studios for rent. 

Expertise in student apartment for renting

At Recon we specialise in high quality student apartments for rent, which offer a stylish and safe living environment. In particular, we are involved in the exploitation of two buildings with student apartments in the city centre, and we are already preparing our next investment steps. 

At Recon we believe that apartment rentals, especially by students from other cities, must meet certain criteria. That's why we offer complete solutions in buildings with a permanent manager, security systems, heating and internet. 

Specifically, for students looking for a studio for rent we have:

• A building at 8 Georgiou Stavrou Street, which has a total of 44 furnished apartments, as well as dining facilities on the ground floor
• And a second building at 18 Ptolemaion Street with 28 student studios

Another key advantage of renting apartments with these standards is that the rental price includes all expenses, from utility bills to heating and internet connection. 

Houses in Thessaloniki: Rent & Airbnb 

Another reason for the decrease in the number of houses for rent in Thessaloniki is the conversion of small houses to airbnb. It has been found that landlords who have a studio for rent are turning to short-term rentals in a significant percentage instead of targeting couples, students or single people looking for a home. 

In large urban centres such as Thessaloniki and Athens, renting an apartment through a short term rental platform offers a significant income to landlords, as there is constant interest during winter and summer. An apartment for rent in a large city can attract people interested not only for holidays, but also for business trips, conferences or training seminars. 

Single-family house: Rentals on the rise 

In property rental, apart from apartments, there are other categories of homes that cater to people with different needs and desires. In this case we refer to the category of "single-family homes and rentals", which seems to be gaining ground. 

These are residences, usually outside the urban complex and the main criteria for their selection include quietness, natural environment and ample space with gardens and terraces.   

In the area of Thessaloniki when we refer to a single-family house, rentals are mainly oriented to areas such as Thermi and Nea Raidestos, Oreokastro, Panorama, Eukarpia and to a lesser extent the area of Ano Polis. 

Of course, there are other areas outside Thessaloniki such as Tagarades, Agia Paraskevi and Vasilika on the eastern side of Thessaloniki prefecture. However, apartment rentals in these areas are made by people who work relatively nearby and do not need to commute to the city centre.

Recon 

At Recon, apart from our large projects with student apartments, we have long experience in all kinds of real estate purchases and sales and of course in renting apartments and houses. We also undertake investment projects, property management and valuations, and we also offer consultancy services for property financing.