Why Buy A Property In Alanya In 2022?
To buy a property in Alanya is to tap into Mediterranean Turkey’s emerging regions. South coast Alanya now matches the larger Antalya city as a major player, not only for foreign real estate but tourism and lifestyle as well. Compared to five years ago, we receive more inquiries and interest in Alanya from foreign tourists and Turks. Last year was an eye-opener that turned Turkey’s real estate market on its head, and Alanya was one district that benefited. So, for anyone buying real estate in Alanya, let’s look at how the market performed in 2021, reasons why house buyers flock there, where to buy and more importantly, how.
Why Buy A Property In Alanya In 2022?
1: About Real Estate in Alanya
In 2021, three events impacted Turkey’s housing market. Firstly, Turkey entered the year on lockdowns as COVID was still rife worldwide. Hence, real estate markets slowed down, and in some cases, life went on with virtual viewings, but for the most part, foreign house buyers put off purchasing until they could travel.
Turkey’s southern and western coasts saw more interest from domestic buyers when lockdown lifted. With more Turks working from home and eager to get out of big cities, they flocked to Mediterranean and Aegean towns and villages. This surge in interest impacted supply and demand and along with increased prices of construction materials impacted property values by 35% in some parts of Alanya.
There were three primary reasons buyers chose Alanya over Antalya city, a prominent hub and shopping, tourism, and nightlife centre of Mediterranean Turkey. Firstly, many homes offer stunning sea views due to Alanya’s elevated status and high-rise buildings. In Antalya city, flat landscapes mean paying beachfront prices for stunning sea views.
Secondly, prices in Alanya are historically lower than in Antalya city centre. Hence Alanya accommodates both budget and luxury buyers. Thirdly, Alanya offers much potential for long term investments. Finally, although the opening of Gazipasa airport boosted its profile, local councils never stop investing in infrastructure and tourism, therefore reassuring property buyers and real estate investors that their purchases are safe. Overall, though, Alanya has many other reasons that attract home buyers away from the nearby Antalya city centre.
2: Why Property Buyers like Alanya
Transport Network: Foreign property buyers can easily access Alanya via Antalya and Gazipasa airports. In addition, local bus networks connect with the rest of Turkey. It is also a no brainer that Alanya, a coastal Mediterranean town, sees increased sea traffic during summer.
Real Estate Portfolio: Alanya entices many foreigners and Turks with off-plan, new and resale apartments, and villas. As mentioned before, they sell at attractive prices per square meter, especially when compared with other destinations in Turkey. However, property buyers can also expect the best Turkish architecture for off-plan and new projects.
Social Amenities: Regarding shopping, nightlife, entertainment and attractions, property owners in Alanya can never complain. The diversity of places is overwhelming, from restaurants with international cuisine to party clubs and sit-down entertainment family bars. Leisure activities, especially from Spring to Autumn, also light up social calendars.
Beachside Lifestyle: Cleopatras beach is the best in Turkey as voted by Trip Advisor users. Every year, thousands of people enjoy the delights of this beach and other hidden coves and bays. Add sailing the Turkish riviera for the perfect coastal lifestyle.
Return on Investment: Thanks to Alanya’s international portfolio, the high liquidity of real estate markets assures buyers should they want to sell later. In addition, combine this with future potential, and on the Turkish housing market, Alanya is a good bet for real estate investment.
Modern Versus Traditional: Some other places in Turkey sold out their heritage in favour of modern-day living. Alanya can’t. The region keeps traditions and cultural heritage alive but still enjoys modern living.
3: Popular areas of Alanya
Mahmutlar: Seaside Mahmutlar attracts property buyers because, despite the coastal position, prices per square meter are some of Alanya’s most affordable. Only developing in later years, many foreign buyers who want holiday homes purchase here. The district sits 8 kilometres from the town centre and easily connects via local bus transport networks. In addition, Gazipasa airport is just 25 kilometres away.
Avsallar: Sitting halfway between Side and Alanya city centre, Avsallar offers a low-key lifestyle and coastal living. In addition, property owners can easily tap into more social amenities by catching the bus into the town centre. Expect typical Mediterranean Turkish vibes from this seaside destination, of which the beach is one of the Antalya region’s best.
Tosmur: Sitting 6 kilometres from both the city centre and Mahmutlar, property owners in Tosmur certainly have many choices. The decent range of bars, shops, and restaurants within the resort satisfy everyone, but broader options are available with a short bus ride. The jewel in the crown, though, is the nearby Day River that, from Spring to Autumn, brims with picnic holidaymakers and those seeking to get in touch with mother nature.
Central Alanya: The heart of Alanya attracts buyers with higher budgets simply because of location, but this also means having everything and anything on your doorstep. Popular neighbourhoods include Guller Pinari, Hisarici or Saray. Central Alanya also offers bus networks to other districts and Antalya city centre further away.
4: 2022 Predications
Well, with Covid constantly mutating and showing no signs of going away, buyers will continue flocking to coastal regions. In addition, last year saw the Turkish lira slump by a staggering 40%. So, Turkey’s government introduced new policies to stabilise the lira. This significantly impacted markets, but experts are undecided whether policies will work long term and in 2022. Nevertheless, if the lira does lose value again, we expect more foreign buyers to come like last time. Overall, though for Alanya, stable housing markets can weather everything, and we expect continued property value growth.
5: How to Buy Property in Alanya
1: Sort Finances: Most foreigners already have financing in place, but remember that the Turkish housing market operates in lira. While you can send money via banks, we recommend using a foreign exchange rate company to getter better rates and transfer fees. Also remember to factor in the extra purchasing cost which range between 6 to 8 percent depending on what you buy where.
2: Pick Properties for Viewing: Narrow down the criteria of what you want to buy. For example, do you want a villa, penthouse, or apartment? Our apartments and villas for sale in Alanya give plenty of inspiration and include all information like property prices, bedrooms, bathrooms, living area and terrace spaces. Also included are contact details to find out more via telephone or email or to arrange a viewing.
3: Title Deeds Applications: When you are ready to buy, we will start the purchasing process. We will help obtain tax numbers, open bank accounts, and arrange with your lawyer for contracts too and notarisation. Depending on whether all paperwork is in place, you can receive your title deeds in as little as a week. If you are not able to be in Turkey for this, you can arrange for your lawyer to do it for you.
4: Property Management
We assist in getting utilities either changed over, or installed and connected. If you buy an apartment on a complex, we also help set up your monthly maintenance fees. If you are not in Alanya all year round, also consider finding a key holding company to look after the property when you are not here. It really is that easy to become a property owner in Turkey, but if you have any more questions about buying property in Alanya, Turkey, call us today and speak with a local agent.