Political and social unrest in Turkey is prompting people to search for Golden Visa programmes in other nations, analysis from Astons has revealed.
There’s been a 40% increase in online search interest in Golden Visa programmes amidst mass protests against President Recep Tayyip Erdogan, with thousands of pro-democracy demonstrators gathering in the streets of Istanbul to show support for the city’s jailed mayor, Ekrem İmamoğlu.
Denis Kravchenko, business development director and head of Astons Cyprus Office, said: “Political and social unrest is one of the biggest driving factors for growing interest in Golden Visa programmes.
“It’s something we have seen before, most recently in the US where Trump’s second election victory led to many Americans looking to find solace elsewhere in the world, not only to sidestep any social unrest that may occur, but also to diversify their financial investments to avoid being totally reliant on the American economy while it’s governed by an unpredictable President.”
Turks are eyeing neighbouring Greece, as last year Greece saw $548m invested via Turkish investors, a tenfold increase since 2022.
Property in Greece opens the door to securing a Golden Visa and, last year, Turkish nationals accounted for 15% of all Greek Golden Visa applications. A minimum investment of at least €250,000 secures a Golden Visa, though for some high demand areas the minimum amount is between €500,000 and €800,000.
Denis Kravchenko, Astons business development director and head of Astons Cyprus office, said: “Political and social unrest is one of the biggest driving factors for growing interest in Golden Visa programmes.
“It’s something we have seen before, most recently in the US where Trump’s second election victory led to many Americans looking to find solace elsewhere in the world, not only to sidestep any social unrest that may occur, but also to diversify their financial investments to avoid being totally reliant on the American economy while it’s governed by an unpredictable President.
“Türkiye is the most recent example, with the nation’s wealthy citizens considering a move away from the troubled nation. In fact, recent data from the Central Bank of the Republic of Türkiye has revealed that Turkish buyers spent $144 million on overseas properties in January 2025 alone and much of this is being attributed to a growing interest in Golden Visa programmes
“Unsurprisingly, we are seeing much of this interest go towards Türkiye’s neighbouring nation of Greece.
“In fact, as one of the most popular agencies in Greece, Astons has seen a huge surge in interest in Greek Golden Visas from Turkish residents since last summer, long before the current unrest began. This growth has also been confirmed by Greek developers who report that Turkish buyers are actively purchasing real estate through the Golden Visa program.”
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