Turkish Investment in Greece Drops to €237 Million
Investors are pivoting toward real estate as high energy costs limit industrial expansion projects across the region.
Updated on Oct. 27, 2026 in International Trade
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Turkish investment in Greece reached €237 million in 2025, a decrease from the €298 million recorded in 2024. The capital inflow continues to be driven primarily by real estate acquisitions and property investments.
Why it matters
Business operators navigating cross-border investments face a cooling market as higher energy costs in Greece compared to Turkey limit the appeal of manufacturing expansion. This shift forces investors to pivot away from industrial projects toward the real estate and tourism sectors.
Turkish investment in Greece totaled €237 million in 2025, down from €298 million the prior year, with €214 million of that amount concentrated in property purchases. Meanwhile, Greek exports to Turkey declined by 6.6% in 2025, while total imports from Turkey reached €2.844 billion.
The players
Turkish Investors
Cross-border capital allocators primarily focused on real estate and tourism infrastructure in Greece.
Greek Real Estate Market
A high-demand property sector attracting significant foreign capital, notably from Turkish nationals seeking residential and commercial assets.
The details
Investors are shifting focus toward hospitality and port infrastructure as property purchases by Turkish nationals dominate capital flows. This concentration is underscored by the high volume of Golden Visa applications from Turkish citizens, who rank second among all applicants in Greece. While tourism remains a strong link, industrial-scale investment is currently hampered by the operational cost disadvantage of higher energy prices in the Greek market.
Timeline
2024: Turkish investment in Greece totaled €298 million.
2025: Turkish investment in Greece reached €237 million.
Market Landscape
The focus on property acquisition reflects a broader trend of foreign capital entering the market via the Greece Golden Visa program. This movement contrasts with the cooling of industrial investment as energy-intensive sectors weigh regional cost advantages.
Operators in real estate and hospitality should account for the sustained interest from Turkish capital when projecting property valuation and local development demand. Conversely, those in manufacturing should compare regional energy price volatility against planned capital expenditure to determine if local expansion remains viable.
The takeaway
The redirection of capital toward property indicates that investors are prioritizing asset stability over industrial manufacturing in the current climate. Monitor energy price benchmarks as a primary indicator for when industrial investment might regain parity in the region.
Further reading
For broader trends in regional cross-border commerce, explore our latest analysis on International Trade.
Source note: This article includes information reported by Η Ναυτεμπορική.
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