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Crete Rental Prices Soar as Airbnb Replaces Long-Term Housing

Thursday, 2 July 2026/Source: Google News/1 min read

Rental prices in Crete are rising sharply due to two converging pressures: growing demand from university students seeking long-term housing and the continued expansion of short-term Airbnb listings. Property owners increasingly prefer renting to tourists on platforms like Airbnb, reducing the supply of traditional long-term rentals and pushing prices higher across the island. This affects tourists indirectly, as reduced long-term housing supply in cities like Heraklion and Chania can tighten the short-term rental market during peak season, potentially raising accommodation costs. Visitors planning extended stays in Crete should book early, particularly for summer months, and compare prices across platforms. Local residents and students face increasing difficulty finding affordable housing, a tension that is reshaping neighborhoods in major Cretan cities.

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