Turkish Investment in Greek Real Estate Nearly Triples in Three Years
By Bosphorus News Economy Desk
Turkish investment in Greek real estate has surged over the past three years, with buyers from Türkiye spending €614 million on property purchases between 2023 and 2025, according to a report by Turkish business daily Dünya, citing provisional Bank of Greece data and a report prepared by the Greek Embassy in Ankara.
The figures show a sharp imbalance in cross-border capital flows between the two neighbours. Turkish direct investment into Greece reached €237 million in 2025, with €214 million of that amount coming from individual property purchases. Greek direct investment into Türkiye fell to just €10 million in the same year.
The trend was even stronger in 2024, when Turkish investors directed €293 million of a total €299 million investment flow into Greek property. In 2023, real estate accounted for €107 million of the €115 million invested from Türkiye into Greece.
That means property purchases represented roughly 90 percent of Turkish direct investment into Greece in 2025, after dominating the investment flow in both 2023 and 2024. The Turkish investment stock in Greece rose from €762 million in 2024 to nearly €950 million in 2025, a 25 percent increase.
Dünya reported that demand has focused not only on Athens and the wider Attica region, but also on Thessaloniki, Aegean islands and prestige coastal districts south of Athens, areas that have also attracted strong interest from Israeli buyers.
The surge reflects a wider shift in Turkish private capital. Greece's Golden Visa programme, European Union residency access, tourism-linked property demand and the search for hard-currency assets have turned the Greek market into a preferred destination for Turkish investors.
The reverse flow has weakened. Greek investment stock in Türkiye fell from €183 million in 2024 to €160 million in 2025, according to the same report. Annual Greek direct investment into Türkiye dropped from €14 million in 2023 to €13 million in 2024 and €10 million in 2025.
The numbers point to a growing economic paradox in the Aegean. Private Turkish capital is moving deeper into the Greek property market while Ankara and Athens remain locked in disputes over maritime jurisdiction, defence procurement and NATO planning.
The result is a relationship moving in two directions at once. Strategic mistrust remains high, but capital is crossing the Aegean with increasing speed.