5/21/2026
The years when Greek businesses were rushing into the Turkish market in search of opportunities now seem to belong to the past — perhaps permanently. Today, the situation has largely reversed. Turkish investors and companies are increasingly seeking investment opportunities in Greece, with real estate emerging as their primary area of interest.
Their investment activity has intensified significantly in recent years. Beyond Athens — which continues to attract international buyers, including Israeli investors, especially in the southern suburbs — Turkish investors are showing strong interest in Thessaloniki as well as in several islands of the North Aegean, including Rhodes, Kos, and Lesvos.
According to a report by the Office for Economic and Commercial Affairs of the Greek Embassy in Ankara, citing provisional data from the Bank of Greece, annual Foreign Direct Investment (FDI) inflows from Turkey into Greece reached €237 million in 2025. This compares with €299 million in 2024, €115 million in 2023, and €49 million in 2022.
The total cumulative stock of Turkish Foreign Direct Investment in Greece rose to approximately €950 million in 2025, up from €762 million in 2024 — an increase of 25% — while the figures stood at €445 million in 2023 and €312 million in 2022. In other words, Turkish investments in Greece have nearly tripled within just three years.
The same report highlights that Turkish investment activity in Greece is overwhelmingly concentrated in the real estate sector. Out of the €237 million invested in 2025, approximately €214 million related directly to property acquisitions by Turkish nationals.
A similar trend was recorded in previous years. In 2024, Turkish property purchases approached €293 million out of a total €299 million in investments, while in 2023 they reached €107 million out of €115 million overall. This means that Turkish investors spent more than €600 million on Greek real estate within a three-year period alone.
At the same time, Greek Foreign Direct Investment in Turkey has declined sharply. In 2025, Greek investments in Turkey amounted to only €10 million, compared with €13 million in 2024 and €14 million in 2023. In 2022, investment flows were even negative by €29 million, indicating that several Greek companies withdrew capital and exited the Turkish market.
As a result, the total stock of Greek Foreign Direct Investment in Turkey fell to €160 million in 2025, down from €183 million in 2024, €340 million in 2023, and €371 million in 2022, according to the report of the Greek Embassy in Ankara.