According to a Deutsche Welle report, increasing numbers of Turkish nationals are buying property in Greece, a fact confirmed by real estate professionals on islands.
The report cites proximity to Turkey and a sense of security investors feel as key reasons for the interest from the neighbouring country as well as concerns for the stability of the Turkish lira.
Real estate agents in Athens are pointing to Turkish professionals including doctors, lawyers and entrepreneurs as the main purchasers of real estate in the suburbs of Attica, with Glyfada being a popular coastal option.
Foreign investors have spent 220 million euros on property in Greece in the first half of 2017 boosting capital inflows by 63.4%compared to the same period last year, according to the Bank of Greece.
Data revealed a growing interest in the purchase of holiday homes with investors last year spending a total of 270 million euros, against 186 million euros in 2015.
In view of the increasing interest, real estate professionals are saying 2017 will prove to be the best year yet.
