The United Arab Emirates Also Stand Out
Turkish investors have been steadily purchasing properties in Greece since at least 2018, driven by the desire to acquire a golden visa. However, recent reports indicate a significant increase in this trend.
According to Turkish media, Greece is an ideal destination not only for obtaining a golden visa, which provides access to the European market, but also for expanding Turkish real estate investments.
A report from the website egetelgraf.com highlights that buying a home in Turkey can cost up to half a million dollars, not including expenses for renovations or access to basic utilities. Additionally, Turkish laws make it difficult to exploit the property immediately.
In contrast, in Greece, Turkish entrepreneurs can secure a golden visa with an investment of 250,000 euros, while also being able to rent the property out right away. This allows them to "recoup their money and generate profit," the report noted.
"Real estate investors are seeking safe havens, and Greece is one of them... Homes there are affordable, and they can exploit them immediately," the article stated.
Greece and the United Arab Emirates Stand Out
The website gazeteoksijen.com shared statements from Bayram Tekçe, President of the Turkish Real Estate Exporters Association, who mentioned that the annual amount spent on real estate purchases from abroad was about 130 million dollars 5-10 years ago, but this amount has now increased exponentially.
When discussing why Greece and Dubai are among the top choices for Turkish real estate buyers, Tekçe stated, "The primary reason for buying a home abroad is that those who want to travel freely seek a golden visa. Dubai and Greece stand out in Turkish overseas property investments. The most important reason Greece is preferred is that with an investment of 250,000 euros, buyers gain access to all European countries. Spain and Portugal were also popular, but now their visa programs have been closed."
