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Turkish investors are increasingly turning to Greece’s real estate market, channeling nearly €614 million ($720 million) into property purchases over the past three years, according to the report, reflecting rising demand for Golden Visas.
Individual property purchases by Turkish buyers in Greece accounted for €214 million, making up over 90% of total foreign direct investment (FDI) from Türkiye, Greek news outlet ot.gr reported.
Thus, Turkish real estate investments in the country accounted for 9.4% of total overseas property investments, which reached $2.7 billion in 2025, according to the data.
Rising demand from Turkish purchasers for Greece’s real estate market largely stems from Golden Visa opportunities, which grant five-year residency with a minimum property investment of €250,000.
The absence of a minimum stay requirement also allows investors to benefit from the program without altering their current living arrangements.
According to official figures, Greece hosts more than 27,000 Golden Visa investors, with Turkish nationals accounting for 17.6% of all applications.
8,879 new residence permits were approved in 2025, while permits granted to Turkish investors rose 160% to 3,291, accounting for 15.9% of the total and placing them second overall.
Turkish citizens invested $2.7 billion in overseas real estate acquisitions last year, the highest level on record, while inbound property sales to non-residents fell to $2.3 billion, marking the first time the country lagged behind.
Overseas real estate investments by Turks have steadily increased, rising 1,265% from their 2019 low of $196 million, according to central bank data.
The drivers of this surge largely stem from rising prices at home, strong demand for residency-linked investment programs abroad, and a search for more stable returns.
In Greece, strong rental demand and price appreciation potential, particularly in central areas such as Athens, continue to attract buyers from Türkiye, while Piraeus, Thessaloniki, and several Aegean islands are also emerging as key destinations.
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