Turkish investors have channeled nearly €614 million ($720 million) into Greece’s real estate market over the past three years. This surge is largely driven by Golden Visa opportunities.
As of 2025, Turkish buyers accounted for €214 million in individual property purchases, representing over 90% of total foreign direct investment from Türkiye. Their investments made up 9.4% of all overseas property investments in Greece, which reached $2.7 billion.
Greece currently hosts more than 27,000 Golden Visa investors, with Turkish nationals making up 17.6% of all applications. In 2025 alone, authorities approved 8,879 new residence permits, with permits for Turkish investors rising by 160% to 3,291.
This increase in Turkish property investment contrasts sharply with the situation in Damascus, where real estate fraud has become a systemic issue since 2011. The ongoing conflict has led to mass displacement and corruption within the housing market.
Authorities in Damascus have recently introduced stricter measures to combat forgery and fraudulent property sales. However, concerns persist. “Your property could be sold without your knowledge,” warns Zaher al-Saadi.
The problem is far more widespread than many realize. Observers highlight that some offers are so far below market value that they should immediately raise suspicion.
Australia’s housing market remains resilient despite global uncertainties and high interest rates. In Melbourne, properties priced between $600,000 and $700,000 are viewed as good value.
The situation continues to evolve as observers watch both markets closely for further developments and potential impacts on local economies.
