Why buy property in alanya Turkey
Alanya receives a large percentage of Turkey's tourists especially since it now has a new airport in the Gazipasa area, which has reduced the lengthy transfer time that was always been associated with Alanya.
Investment property sales have increased and are expected to continue as the town is continually growing and is set to break away from Antalya and become a city in its own right within a few years.
Property prices on a whole are affordable, mainly based on apartment complexes with excellent on-site facilities, aimed at both holiday rentals and for year-round living, with excellent local amenities, with fantastic educational facilities. shopping malls and hospitals all located across the area.
Luxury property on the seafront is also on the increase commanding high rental prices for investors to earn a very healthy income and build a nice nest egg for the future.
Luxury penthouse in Alanya for sale
Alanya is located in the Antalya province of southern Turkey, and sits approximately 133km east of the city of Antalya. Until 2012 Alanya was served by Antalya international airport and had a lengthy transfer time of around 2 hours, however, in 2012 Alanya was lucky enough to gain a new airport in the Gazipasa area, thankfully reducing airport transfer times down to just 30 minutes with flights from many European countries.
This new airport in Gazipasa has given Alanya’s large number of international and Turkish tourism trade a huge boost due to the shortened transfer time, which was often off putting to travellers.
Real Estate in Alanya
Around the world real estate prices for properties with sea views normally command a high price tag, however, accommodation in Alanya, Turkey, a sea view almost certainly comes as standard. A good quality 2 bedroom, 2 bathroom apartment with a sea view can be purchased in the region of £40,000, an great chance to gain a foothold on the Turkish real estate market.
The majority of Alanya property for sale is normally based around apartments in complexes, more often than not featuring large communal swimming pools, gym’s and children’s playgrounds, and nearly always with 24hr security.
If your budget for property in Alanya can be stretched a little further you can purchase luxury seafront penthouse apartments in the region £70,000 with hotel like facilities, or if you prefer the privacy of a private villa these can purchased in the region of £90,000.
Tourism is particularly strong in Alanya, especially since the opening of Gazipasa airport, which is great news for investors looking for healthy rental yields.
Where Can You Buy Property in Alanya, Turkey?
Central – buyers looking to buy in central Alanya often buy on the northern edge, where you are slightly elevated and there are newer developments in greener areas away from the hustle and bustle of the town.
Traditional – Kargicak is located on the furthest fringes of Alanya but retains a traditional village feel, where fruit trees grow in abundance.
Up-market - Mahmutlar is a smart resort offering extensive facilities such as gated communities with pools and on-site services. This type of property is particularly popular with investors looking to rent out the property to holiday makers.
Suburbs – over time, the suburbs of Alanya have joined up as tourism has taken off. However, many of these satellite resorts have still retained a traditional rustic quality, making them popular with home buyers.
Eastern edge - Obakoy, Tosmur, Mahmutlar and Kargicak located on the eastern sides, are popular areas with a good selection of apartments.
Mountain areas – Obakoy is a village at the start of the foothills of the Taurus Mountains, so offers lovely scenic views in all directions. It’s close to the centre of Alanya yet has its own local market, church and school. Property owners here can take advantage of living close to a beach and mountain and enjoy all the sports that are available to both.
River life - Tosmur is a quiet district on the eastern edge of the resort, close to the Dim River. This lovely area offers scenic mountain views with close proximity to the beach. Access to Alanya town centre is excellent with a local bus running every few minutes.
Investment in Alanya
If you are searching for accommodation for sale in Alanya for investment purposes, then you have made a great choice, with a booming tourist industry investors can expect to reach as much as 8% rental yields per annum. Property prices in the area have already increased by as much as 40% over recent years and this trend is expected to continue in the years to come – music to your ears!
Hot Tip from Tolga Ertukel, Founder of Turkey Homes says: “For sea views with affordable prices, nothing can beat Alanya. The area is already popular with Germans and Scandinavians and is proving a hit with many investors across the world.”
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