Greek Real Estate Continues to Attract Turkish Capital

Turkey-based businesses and concern superior is progressively seeking opportunities successful neighboring Greece, chiefly in real estate, according to the latest figures.

According to reports, Turkish investors are focusing heavy connected spot acquisitions, showing strong involvement not lone successful Attica prefecture (which contains the Athens-Piraeus agglomeration) but besides successful the bluish metropolis of Thessaloniki and various Aegean islands. Athens’ coastal southern districts are the astir popular, areas that besides pull Israeli investors.

According to Ot.gr this week, information cited successful a study by the Office of Economic and Commercial Affairs astatine the Greek embassy successful Ankara, which is based connected provisional figures from the Bank of Greece (BoG), shows that overseas nonstop concern (FDI) inflows from Turkey to Greece reached 237 cardinal euros successful 2025, compared with 299 cardinal euros successful 2024, 115 cardinal successful 2023 and a paltry 49 cardinal euros successful 2022.

Despite the slight yearly diminution yoy from 2024 to 2025, the cumulative size of Turkish FDIs successful Greece roseate to 950 cardinal euros successful 2025, up from 762 cardinal euros successful 2024 — a 25% summation — compared with 445 cardinal euros successful 2023 and 312 cardinal successful 2022. Over a three-year period, Turkish investments successful Greece accrued by 638 cardinal euros, astir tripling.

The creation of these investments is described arsenic overwhelmingly concentrated successful existent estate. Property purchases by Turkish nationals unsocial accounted for 214 cardinal euros, retired of the 237 cardinal euros total successful 2025.

A akin signifier was observed successful erstwhile years.

In 2024, spot acquisitions by Turkish buyers approached 293 cardinal retired of 299 cardinal total investments, while successful 2023 they reached 107 cardinal retired of 115 million. In total, Turkish existent property investors spent 614 cardinal successful Greece implicit three years.

By contrast, Greek FDIs successful Turkey person declined sharply. Greek investments successful Turkey amounted to conscionable 10 cardinal euros successful 2025, down from 13 cardinal euros successful 2024 and 14 cardinal successful 2023. In 2022, nett flows were antagonistic astatine 29 million, indicating disinvestment and withdrawals by some Greek companies.

As a result, the total fig of Greek FDI successful Turkey fell to 160 cardinal successful 2025, down from 183 cardinal successful 2024 — a 12% alteration — and importantly beneath 340 cardinal euros successful 2023 and 371 cardinal euros successful 2022, according to the embassy report.