Investment property sales have increased and are expected to continue as the town is continually growing and is set to break away from Antalya.
As Turkey grows its tourism and foreign real estate market, many people are thinking of buying property in Alanya on the Mediterranean coast. Indeed, various nationalities including Brits, Russians, Europeans and Middle-Eastern, already own homes there and use them either for holidays, buy-to-let rental or for permanent living as expats.
From 2015 to 2017, just over 36,000 new, off plan and resale houses were sold in the region, through mortgages sales or alternative methods of payments to both Turks and foreigners.
So why are people buying and what has Alanya got going for it?
Buying Property in Alanya
Over the last decade, Alanya rose to become a dominant player in the Turkish market. Once overshadowed by the main town center of Antalya, the property portfolio is now all encompassing and the region can stand tall and proud as a prominent centre of importance.
What is even more enticing is the price of apartments and villas. A high supply of properties and land suitable for building, have kept costs per square meter down, therefore ensuring Alanya offers some of the best value real estate in Turkey. Currently, this is an extra bonus as the exchange rate ensures foreigners get more Turkish lira for their home currency.
As the region has grown, so have facilities and amenities, so residents really do have everything on their doorstep. One aspect that really boosted its growth was the opening of Gazipasa airport that has domestic and international flights. This in turn, affected the tourism industry, and council officials implemented a plan to upgrade and rebuild infrastructure and roads to accommodate the growing interest in the town.
To give an idea of Alanya’s importance, it belongs to the Antalya district and accounts for a third of tourism in the area. Council officials have plans to increase this by diversifying nationalities of visitors and niches of tourism, so the future looks bright for the region.
Why Property Owners Like Alanya
Easy to get there via road, air or sea
A cheap and frequent transport network to get around and to other places in Turkey
Attractive prices per square meter
Extensive portfolio of new, off-plan, and resale apartments and villas Many neighborhoods to choose from
Vibrant shopping and nightlife scenes
Many leisure activities for tourists and locals
Life by the seaside
Gorgeous Mediterranean climate
Active real estate market with a global audience should you want to sell at a later date.
Mass long-term potential for return on investment
A subtle blend of cosmopolitan and traditional Turkish vibes
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