Profitable purchase of real estate by the sea
In Mersin
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Is it profitable to invest in housing on the coast of Mersin
Tourism in Mersin began to develop relatively recently – an active flow of tourists and infrastructure for them began to appear in 2015. Before that, the port city was an industrial center and lived mainly off the income from maritime trade.
Now Mersin has the status of a university center, and more than half of the residents here are under 25 years old. This has little effect on the nightlife of the city; after sunset the streets in the residential areas fall silent, activity persists only in a few points of the city.
Therefore Mersin can be considered as a place to move permanently, and as a platform for investment in real estate by the sea. A villa by the sea in Mersin is now cheaper than in Alanya or Antalya, as the tourist flow here is still less active. But the infrastructure of Mersin is already quite developed: there are children’s playgrounds, parks, boulevards, stores and cafes on the beachfront. All this creates an ideal environment for buying a home on the Mediterranean coast.
How much does it cost to buy a beachfront home in Mersin
The global pandemic has affected literally every sector of the economy in every country. Under its impact, housing prices in Turkey, including apartments, townhouses, as well as luxury penthouses and villas on the beachfront in Mersin have fallen.
The most in demand in Mersin remain apartments. There is also a demand for townhouses by the sea. The price for townhouses is much lower and they are much more comfortable than detached houses.
Apartment prices range from 24 to 110 thousand euros. For 35-40 thousand euros you can buy an apartment by the sea in Mersin. The cost of a house on the coast in Mersin starts at 100 thousand euros. Villas and penthouses cost more.
Buy a villa on the seashore in Mersin better at the stage of construction. Even though the ready made housing is more liquid. If your goal is to rent a house for tourists, you can buy an apartment by the sea in Mersin on the secondary market. The main thing is that it is equipped and fully prepared to live in.
Why Mersin is a popular destination for investment
Mersin is the fifth largest city in the Republic of Turkey. It is the main producer of citrus fruits, there are citrus orchards everywhere, and the symbol of the city is the lemon. Mersin is divided into 5 districts: Tomuk, Mezitli, Edemerli, Tece and Akdeniz. The city has a population of 1.8 million people.
According to the National Statistical Institute of Turkey, thousands of foreigners have become owners of real estate by the sea in Mersin over the past 5-7 years. Let us understand why this city is so popular among investors:
- The climate in Mersin resembles the conditions in Cyprus. The lack of suffocating heat and high humidity creates the conditions for the opening of the tourist season at the end of March and its closure at the end of November.
- Buying an apartment by the sea in Mersin, you can count on the support of the diaspora. The Turkish government is actively promoting a higher level of comfort for foreigners living in Mersin. Thus, there are already working kindergartens and schools with teaching in Russian and English languages.
- The level of infrastructure development in Mersin is not inferior to resorts in Alanya or Istanbul. This has a positive effect on monthly bills, as well as on rent costs.
The beaches and sea in Mersin are very clean and as a result many people wish to own a beach front property here. An additional advantage of moving here for permanent residence are low prices for food, clothing, entertainment.