A Growing Concern for Greece ¤

As Greece works towards economic revitalization and seeks to draw foreign investments, a notable trend has surfaced that is stirring concerns among local communities: the increasing purchase of real estate by Turkish nationals, primarily motivated by the country’s golden visa program. This initiative offers residence permits to non-EU investors who meet a minimum property investment threshold, attracting attention not only for its financial advantages but also for its potential socio-political ramifications. With more Turkish buyers entering the market, issues surrounding national identity, housing affordability for locals, and regional geopolitical tensions are becoming increasingly prominent. This article delves into these complexities and the resulting anxieties among Greek citizens while highlighting the necessity of balancing foreign investment with national priorities.

Turkish Investment in Greece’s Real Estate Market

In recent times, there has been a marked increase in…