European inflows in realty

The summation successful overseas concern successful the Greek realty marketplace was sizeable successful 2024, reaching a caller all-time precocious chiefly thanks to the summation successful inflows from European countries.

According to Bank of Greece data, a total of 990 cardinal euros flowed successful from the European Union successful 2024, of which €842 cardinal was from the eurozone and €148 cardinal from EU states extracurricular the euro area. This is an summation of 52.5% compared to 2023, a improvement chiefly thanks to the ample summation successful investments from Cyprus (+126%), which reached €319 cardinal and constituted astir a third of the total.

Last year was different grounds 1 successful terms of overseas investments successful the existent property market, with a total of €2.75 cardinal of superior inflows, accrued by 30% from 2023 (€2.13 billion). Of that amount, €1.75 cardinal came from countries extracurricular the EU, 18.2% much than the €1.48 cardinal successful 2023. Capital of Chinese root is estimated astatine €371 million, slightly higher than the €357 cardinal successful 2023, and came chiefly via the Hong Kong market.

However, the astir important improvement was the explosive emergence successful spot purchases by Turkish investors successful Attica: In 2024, €292 cardinal was invested, up 174% from 2023, while the total summation since '22 reaches 380%. This is simply a wide denotation of the hunt for an concern refuge successful the Greek realty marketplace by wealthy Turks wishing to support themselves from the governmental and economical problems successful the neighboring country.

This is besides reflected successful the numbers from the Golden Visa program, which has besides been the main recipient of Turkish capital. By aboriginal 2024, 800 permits had been granted to Turkish investors, but this had accrued by 84% by February 2025, arsenic permits amounted to 1,471. Turks fertile 2nd lone to the Chinese successful the fig of permits, with a 10.9% share.

British concern migration institution Astons says successful an investigation that successful total Greece attracted €482 cardinal from Turkey, astir of it going to property. According to Astons data, successful 2024 Turkish investors were down 15% of each Golden Visa applications.