Record investments in 2024 by Turkish investors in Greece!
4/30/2025
Turkish investments in Greece are increasing rapidly.
According to the latest data from the Central Bank of Turkey, Turkish investments in Greece reached $548 million in 2024.
Real Estate and Golden Visa
Investments from Turkey in Greece and applications for the Golden Visa program, which provides residence permits, reached their highest level in 2024 compared to previous years.
The Greek real estate market is emerging as one of the most popular choices for Turkish investors. To date, based on official data from the Ministry of Immigration Policy, 1,471 residence permits have been granted to Turkish citizens after purchasing real estate in our country, within the framework of the “Golden Visa” program. This places them in second place, behind only the Chinese, although by a large margin (6,520 permits have been granted to Chinese citizens).
Foreign investors who apply for the golden visa program can obtain a residence permit by purchasing real estate in Greece worth between 250 and 800 thousand euros, depending on the region.
Turks are mainly interested in real estate in Athens, Thessaloniki and popular tourist islands such as Rhodes, Corfu and Crete. The fact that many European countries have limited or abolished their Golden Visa programs has turned even more Turks towards Greece, where they can obtain a residence permit by purchasing real estate worth from 250,000 to 800,000 euros, depending on the region.
The Turkish presence in Greek real estate is not limited to residences, however.
Increase in tourists and investments
There has also been a significant increase in the number of passengers traveling by boat from Turkey to Greece. In 2024, coastal ferry routes increased by 93%, reaching 1 million 153 thousand 727 people. This number was recorded at 416 thousand in 2022 and 804 thousand in 2023.
While direct investments abroad increased by 11% in 2024 and reached 6.6 billion dollars, 2 billion 153 million dollars of them were related to real estate. Portfolio investments increased by 407%, reaching 9.5 billion dollars.
The steps taken by some countries in Europe to limit or abolish their golden visa programs have made investors turn to Greece. Its real estate spending in Greece exceeded 2.3 billion euros.
Source: https://www.antenna.gr/Economy/article/4/949216/toyrkia-rekor-ependyseon-stin-ellada-to-2024