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Crete's Rental Crisis: Prices Surge Amid Student Demand

Monday, 22 June 2026/Source: Google News/1 min read

Rental prices across Crete are rising sharply, driven in part by high demand from students enrolling at the University of Crete campuses in Heraklion and Rethymno. The surge mirrors trends seen in Athens and Thessaloniki, where affordable housing has become increasingly difficult to find. Property owners are listing at significantly higher rates than previous years, reducing availability of long-term rentals and pushing more units toward short-term platforms. For visitors planning extended stays in Heraklion or Rethymno, this tighter rental market means booking accommodation well in advance is advisable, particularly from September onward when the academic year begins and competition for available properties peaks. Budget travelers relying on short-term rental platforms may also notice higher nightly rates in these cities compared to prior seasons.

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