Profitable purchase of apartments in Alanya

Alanya – A Quiet Corner on the Mediterranean Coast, Ideal for Real Estate Investment

Turkey is a country that earns a significant portion of its taxes from the tourism sector. Travelers are provided with all the necessary amenities: entertainment centers are being built, beaches are expanding, and other infrastructure essential for a comfortable stay is being developed. The issue of real estate for tourists is also significant. Turkey is a large country with many developers, all competing to secure contracts for housing construction.

One of the most popular types of housing is an apartment. The prices for such properties vary greatly, influenced by numerous factors. Currently, many people prefer to buy apartments in Alanya, Turkey. The reason lies largely in the city itself. Alanya is located southeast of Antalya, the capital of the province of the same name. It is just over 100 kilometers away (138 km to be exact) along a good road by the seashore.

The city itself is relatively small but not too tiny, with a population of around 364,000 people (rounded off). Alanya is a quiet place compared even to the provincial capital, let alone metropolises like Istanbul or Izmir. This tranquility attracts both tourists and investors who are eager to purchase property in Alanya. As a result, the real estate market is thriving and continues to grow. Listings for properties are available on specialized websites, and it’s possible to find exactly what you need at a reasonable price.

Prices of Apartments in Alanya: Key Considerations

The question of housing prices is always relevant. The pricing structure in Alanya follows the same pattern as in many other cities. The basic rule is: the closer the apartment is to the sea, the more expensive it is. Here’s a breakdown of the price formation:

• First Line: This refers to housing located directly on the seafront or within walking distance of it (less than 500 meters from the water). Developers here typically build luxury residential complexes. Buying an apartment close to the sea is not cheap, as the land is expensive, and so is everything else. Prices can range from 200,000 to 500,000 euros, with one-bedroom apartments being cheaper than two-bedroom ones.
• Second Line: These are not on the seafront but still close to the coast. You can walk to the beach, or if preferred, take a bus or dolmuş (a type of Turkish minibus). Prices here are significantly lower: around 100,000 euros for a one-bedroom and 175,000 euros for a two-bedroom apartment.
• Closer to the Mountains: Buying property by the sea is profitable, but many tourists also enjoy hiking in the mountains, which offer views just as stunning as those by the beaches. Prices for mountain-adjacent properties are as follows: starting at 90,000 euros for a one-bedroom and from 140,000 euros for a two-bedroom apartment.
• Alanya City Center: Prices are always higher in the city center than on the outskirts. Finding an affordable apartment here is a challenge, not only in Alanya but across Turkey. Prices start from 150,000 euros for a one-bedroom apartment, and three-bedroom options are much more expensive. The city center is just as popular among developers as the coastal areas, but space is more limited.
• Eastern Districts of Alanya – Demirtaş and Gazipaşa: For those looking to buy property at a lower price, these areas offer one-bedroom apartments starting from 68,000 euros. Three-bedroom apartments are also more expensive here.
• Western Districts of Alanya – Avsallar and Payallar: Property prices here are slightly higher, starting from 70,000 euros.
• Developers are constantly working, making buying apartments in Alanya a profitable investment. With an annual return of 5-12% (as is the case throughout Turkey), the investment can pay off in 10 to 20 years.

Types of Real Estate Available in Alanya, Turkey

The sale of residential properties in this city is in full swing, including both new buildings and older ones. People are eager to buy apartments in Alanya (and other types of properties) to maximize their benefits. Generally, the types of real estate available include:

• Studios and Apartments: These are the two cheapest options. Registration (residency) cannot be formalized in them, so they are more suitable for investors who are simply looking to own a property and rent it out to tourists.
• Apartments: Suitable for both investors and those wishing to live in Turkey for an extended period. Apartments allow for formal residency registration, which in turn can lead to obtaining a residence permit in Turkey.
• Private Homes: This category includes villas, townhouses, and other large properties. They are much more expensive but also offer a higher level of comfort, making the purchase worthwhile.

It’s better to buy newly constructed apartments in Alanya, as new properties are generally of higher quality and have minimal wear. This is true everywhere.

Five Reasons Why Buying Apartments in Alanya is a Smart Decision

Here are the main advantages of investing in Alanya, although there are more than five:

• The city has a mild and warm climate, thanks to its seaside location. There are 300 sunny days a year, and there are no harsh winters. The tourist season lasts from May to October, which is beneficial for investors looking to profit from tourists.
• A wide selection of property fittings. It’s possible to buy a cheap apartment in Alanya without furniture, which you can purchase later. Many options are available on specialized websites.
• Affordable prices. You can buy a property at a price that suits the individual buyer, but it’s important to consider factors that influence the cost. There is also the possibility of obtaining a residence permit (residency).
• Well-developed public transportation, which plays a vital role for both locals and tourists. In Alanya, this includes buses and dolmuşes, and their schedules can be found on the official websites of the transport companies.
• Clean water on the beaches. The Mediterranean Sea is generally clean and clear, which is important for holidaymakers.

Buying property in this coastal city is always a wise decision, and the investment will definitely pay off.

The possibility of purchasing real estate in Turkey without citizenship

It is possible to buy property in Turkey without being a citizen. Otherwise, foreign investors wouldn’t be entering the country. Buying property guarantees a residence permit (residency). You just need to complete all the necessary paperwork and make the purchase correctly. A residence permit is sufficient for any individual to live in the country without restrictions.

The Turkish authorities grant residency to those who own property in the country. The reason is simple: the person has invested in Turkey’s economy, and the government rewards this by allowing them to stay for an extended period. That is why anyone, not just Turkish citizens, can buy property in Turkey.