Turkish Nationals Increasingly Buying Property in Greece for Residency
Turkish Investors Turn to Greece Amid Shifts in Europe’s Golden Visa Landscape
Turkish nationals are increasingly looking to Greece and Dubai as prime destinations for real estate investment, driven by the benefits of residency through Golden Visa programs. This trend has gained momentum following key policy changes in other popular Golden Visa destinations.
Golden Visas: A Gateway to Europe
According to Bayram Tekce, President of the Real Estate Services Exporters Association of Türkiye, one of the main motivations behind buying property abroad is the freedom of travel that Golden Visas offer. These residency-by-investment programs grant investors and their families the right to live in the host country and travel freely across the Schengen Area.
While Spain and Portugal have long been favorites among foreign investors, recent policy shifts have changed the landscape:
Spain announced it will terminate its Golden Visa scheme on April 3, 2025, as part of efforts to address housing shortages.
Portugal eliminated real estate investment as a qualifying route under its Golden Visa program in October 2023, citing similar concerns about housing affordability.
With these changes, attention has increasingly shifted to Greece, which now stands out as one of the last remaining countries in Europe offering property-based residency options under relatively accessible conditions.
Greece’s Golden Visa: Accessible and Attractive
Greece’s Residency-by-Investment Program allows foreign nationals to obtain residency by investing in real estate or other economic sectors. The minimum required investment currently starts at €250,000, although in high-demand areas such as Athens, Thessaloniki, and tourist hubs, the threshold can reach up to €800,000.
Tekce told Business Voice that most overseas property purchases by Turkish investors start at around $300,000 (€277,000), making Greece a cost-effective yet strategic option.
Greece Plans to Diversify Investment Options
In an effort to attract more productive investments, the Greek government has announced plans to diversify its Golden Visa offerings beyond real estate. Authorities have revealed that a startup investment option will soon be included in the program, opening doors for entrepreneurs and innovators seeking EU residency.
This strategic shift is designed to encourage sustainable economic contributions while still offering residency pathways to high-net-worth individuals.
Conclusion
As Spain and Portugal tighten access to real estate-driven residency, Greece has emerged as a top destination for Turkish nationals seeking both lifestyle and mobility benefits. With competitive investment thresholds and future-ready program reforms on the horizon, Greece is expected to remain a stronghold for Golden Visa seekers in 2025 and beyond.
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