Turkish Investors Are Secretly Flooding Greek Real Estate—What’s Their Shocking Strategy?

The Greek real estate market is witnessing a steady influx of investment from Turkish investors, which has continued to thrive despite a slight annual dip. Recent data reveals that Turkish businesses and private investors are increasingly targeting property acquisitions across Greece, primarily viewing this market as a stable investment amid ongoing economic uncertainties in Turkey.

According to provisional data from the Office of Economic and Commercial Affairs at the Greek embassy in Ankara, foreign direct investment (FDI) inflows from Turkey into Greece reached €237 million in 2025. While this figure represents a decrease from €299 million in 2024, it indicates a broader upward trend. Turkish investment in Greece stood at €115 million in 2023, up from just €49 million in 2022. Cumulatively, Turkish FDI in Greece climbed to €950 million in 2025, a notable increase from €762 million in 2024, reflecting a 25% increase year-over-year.

Interest from Turkish investors is concentrated in key locations across Greece, such as Athens and its surrounding Attica region, the northern city of Thessaloniki, and popular Aegean islands. The southern coastal suburbs of Athens are particularly attractive, not only to Turkish buyers but also to a growing number of Israeli investors.

A significant portion of Turkish capital is directed toward real estate purchases. In 2025, €214 million of the total FDI from Turkey was invested in real estate, illustrating a consistent pattern in recent years. For instance, in 2024, property acquisitions accounted for €293 million out of the total €299 million investment, and in 2023, they reached €107 million out of €115 million. Overall, Turkish buyers have invested approximately €614 million in Greek real estate over the past three years.

In contrast, Greek investment in Turkey has declined significantly. Data reveals that Greek FDI in Turkey was merely €10 million in 2025, a drop from €13 million in 2024 and €14 million in 2023. Furthermore, total Greek investment in Turkey has decreased to €160 million in 2025, down from €183 million in 2024, which represents a 12% decrease. This trend is alarming, particularly considering that in 2022, net flows were negative at €29 million, indicating a disinvestment trend among Greek companies.

The widening investment gap underscores a clear trend: while Turkish capital continues to flow steadily into Greece’s property market, Greek investment in Turkey is on a downward trajectory. This shift not only highlights the changing dynamics between the two nations but also reflects broader economic sentiments and opportunities, particularly in real estate.