Koukaki

The price of renting student accommodation continue to rise.

The new academic year that is just around the corner is causing extra stress for households and parents who are being asked to find accommodation for their children.

With university admission results imminent, students are grappling with rising rents, especially in tourist hotspots.

Data from the Spitogatos real estate website shows the average rent for student accommodation in Attica is €10.80 per square meter per month.

June 20, 2009 seems like a good starting point to be searching for the "ground zero" of the tourism boom in the central Athens neighborhood of Koukaki. But is it the only one?

Fifteen years after its controversial debut at the foot of the Acropolis, the Acropolis Museum, a 226,000-square foot structure of glass and concrete designed by Swiss-American architect Bernard Tschumi, has seen the debate over its design quiet down to near-universal acceptance.

Changes in the tax framework for the short-term rental market have not deterred property owners, as the number of units in the center of Athens is constantly rising.

According to AirDNA, 18.5% more properties operated as short-term rental accommodation in the center of Athens in the year's first quarter, reaching 12,762, even though these months show the lowest demand.

The demolition of one- and two-story historical houses from the interwar period in Athens' old districts, such as Agios Nikolaos Street in Koukaki, in the center of the capital, is taking on worrying proportions. The reason is the possibility provided by new building regulations allowing greater heights and covering plots in narrow streets.

The so-called commercial triangle of Athens, including districts such as Plaka and Monastiraki, secured an average monthly income of some 3,200 euros during this year's third quarter (July-September) through short-term rentals (STRs).

The Society for the Environment and Cultural Heritage (ELLET) is calling for a halt to the creation of new hotels in the Makrigianni-Koukaki area of central Athens near the Acropolis.

The so-called historic triangle of downtown Athens, Koukaki, Neos Kosmos and Piraeus appear to be the most popular areas for hosting short-term rental accommodation, judging by the strong upward trend of supply in these places, both in relation to last year and in comparison to 2019.

Seeking to send a message to proprietors encroaching on public space with illegally placed chairs and tables, the Municipality of Athens has already singled out 10 catering establishments that have repeatedly failed to comply with the rules and is initiating procedures for their temporary closure for a period of 1-5 days, implementing recently passed relevant legislation.