Since 2014, Greece has offered so-called “golden visas” granting five-year residency – and even citizenship in some cases – to foreigners who buy property worth more than 250,000 euros. The buyers’ close family members, including their spouses and children under the age of 21, are also offered the visa.
Turkish paper Hurriyet reports in its electronic edition that some 4,193 foreigners have secured this visa in the last 3.5 years, according to official figures.
A total of 317 Turkish citizens secured the visa through the acquisition of a total of 137 properties in Greece.
Chinese, Russian and Turkish citizens are followed on the list by Lebanese, Egyptian, Iraqi, Ukrainian, Syrian, U.S., and Jordanian citizens.
Greek officials say there are almost no Turks who have started to live in Greece permanently after securing the “golden visa,” suggesting that many are using it as a kind of insurance system in case the situation deteriorates in Turkey.
Turks, who tend to prefer the capital Athens to buy property, mostly rent these houses to tenants or use them as holiday homes.
Most Turks who have bought properties in Greece are reportedly businesspeople, self-employed people or retired people.