Alanya, Türkiye, is a coastal city bordered by the Mediterranean Sea on one side and the Taurus Mountains on the other. Many people dream of buying property, and even more so, property by the sea. Alanya, known as the "capital" of Turkey's southern coast, is annually one of the most popular destinations among foreigners investing in real estate.
Owning property abroad is seen as prestigious and fashionable. Alanya is considered one of the most prestigious areas on the entire Antalya coastline, stretching from Mugla to Mersin. Today, Alanya offers both secondary housing (residential complexes and villas) and new projects. Many residences have been put into operation this year, and those planned for the next year or two offer favorable payment conditions.
Despite fluctuations in the national currency's value, the market's supply, including business and elite-class real estate, remains stable. Increased supply benefits investors, offering more choices and the opportunity to find a property that fully meets their needs and requirements.
Luxury villas in Alanya are synonymous with quality, comfort, and increasing property value. They are distinguished by good neighborhood, parking availability, private territory, and other conveniences. These villas, mainly in Mediterranean style, feature spacious kitchens, often separate from other rooms, home control via mobile devices, dressing rooms, utility rooms, and impressive sizes of both the house and the land. For instance, a home with over 200 square meters can cost around 500,000 euros. Buying a villa is also one of the easiest ways to obtain Turkish citizenship, granted with the purchase of real estate valued at a minimum of 400,000 dollars. The average rental rate in Alanya is about 20,000 lira, higher than in Antalya.
The cost of project-based housing in Alanya typically increases by 40% from the excavation stage to completion. Despite the high completion stage in many projects, new residential complexes remain popular among investors, with initial payments sometimes being 50-70%.
Investors' preference for a healthy lifestyle has influenced the internal infrastructure of residential complexes and villas, most of which include sports centers and spa zones (private in villas for owner or tenant exclusivity). This sports infrastructure also helps these properties stand out in the market. As statistics show, investors are willing to pay for infrastructure and monthly maintenance costs, characteristics of prestigious housing. Such properties are also considered better and faster investments.
The creation of a tourist cluster in the area has strengthened Alanya's investment prospects. The active start of premium real estate sales has also positively impacted the city's investment potential. The project housing sector has stimulated an increase in speculative transactions (buying and selling, assignment).
Combined with a developed, balanced infrastructure (commercial and social) and real estate of various prestige segments, Alanya represents an ideal place for a truly Mediterranean lifestyle. Affordable prices, ease of residence permit processing, and citizenship acquisition, excellent infrastructure, and a pleasant climate have long attracted the attention of not just tourists, but also investors. By purchasing property in Alanya, you're not just acquiring a seaside home, but the lifestyle you deserve!
