Buying property in Alanya

Alanya is a resort town in Turkey with developed infrastructure for tourists, cultural heritage and a developing real estate market that is of interest to investors. Prerequisites for a comfortable life in Alanya: Mediterranean climate, the average temperature per year does not fall below +11 °C at night, a good city for year-round living or long-term vacation. Alanya is easy to get to, there is an international airport in Antalya and the recently opened Gazipasa airport, where flights from Kiev operate. The city's infrastructure is constantly developing, markets, chain coffee shops and restaurants are opening, the beaches are clean, well-maintained, many of them have the international Blue Flag award. Recently, mountain vacations have become increasingly popular – there are many lakes, mountain rivers, orchards, farms and it is not so hot in the summer. Alanya is a relatively new region that has recently begun to develop, and this provides prospects for future growth in real estate. So far, real estate in Alanya is the cheapest in all of Turkey. They buy for rent, personal life and recreation, resale. The cost of an apartment in Alanya starts from 34,000 € for properties in new buildings, but 15-20 minutes from the sea on foot. Average prices for buying real estate in the suburbs of Alanya are about 60,000-70,000 €. All developers offer interest-free installments until the end of construction. The best areas in Alanya for buying real estate and the most promising for buyers: Mahmutlar – a new developing area; Kargicak – close to Gazipasa airport. This is a big plus, real estate will only go up in price. Avsallar – closer to Antalya airport – is located in pine forests, green and hilly, not hot in summer, there are many decent complexes with good infrastructure, and the prices here are still the lowest in all of Alanya; Alanya center – the city center – is always promising and a guarantee of stability, like an apartment on the first line. Whatever happens on the market or in the world, apartments on the first line will always be rented out and will grow in price well. Check out our article “ 10 areas of Alanya for living and buying real estate ”, where you will find the most complete overview of all the above areas.

Residence permit and citizenship by purchasing real estate in Alanya

You can get a residence permit in Turkey by purchasing an apartment or a house for any amount. The procedure for obtaining a residence permit is simple for foreigners and takes 4-8 weeks. A residence permit is issued to spouses and their children under 18. Based on a residence permit, you can obtain citizenship after 5 years of living in the country; to do this, you need to pass an exam on knowledge of the Turkish language. Investment citizenship in Turkey under a simplified procedure can be obtained by purchasing real estate for an amount of $ 250,000. This amount is usually used to buy several apartments, a villa or a plot of land. The main condition is to own the property for 3 years, after which the property can be sold, citizenship will be retained. Citizenship allows visa-free entry to Japan, Singapore and Hong Kong, as well as to 107 other countries. Russians will be able to apply for an investor visa "E" for the USA and move to America. [special_block] Turkey recognizes dual citizenship, so there is no need to renounce the citizenship of your country. Another important advantage is that Turkish authorities do not yet require proof of the origin of funds when purchasing real estate.

Buying an apartment in Alanya

As we said earlier, in Alanya the cost of an apartment starts from 34,000 euros. The average cost is 60,000-70,000 euros, and 1+1 apartments in a complex on the first line will cost from 95,000 euros. You can find a detailed overview of prices in the article “ Cost of apartments in Alanya – 2021 ”. Let's consider these complexes in more detail.

New investment project in Avsallar

The project is being built 2 km from the beach, consists of one block – 35 apartments. The complex will have a closed area, swimming pools, a fitness room, a sauna, parking. The cost for a 1 + 1 apartment with an area of 41 m2 will be from 36,000 €.

New apartment complex with sea view in Mahmutlar

This complex was completed in September 2021. The infrastructure includes a landscaped area with a garden and barbecue area, swimming pools, a fitness room, a sauna, steam rooms, a playground and a games room inside the complex. 1 + 1 apartments with an area of 45 m2 will cost from 70,000 euros. The apartments are rented out renovated, with built-in kitchen units and a full set of plumbing in the bathrooms. In this complex, the developer offers a guaranteed rental program. This means that by signing an agreement with the management company, the owner is guaranteed to receive a fixed amount of passive income every month, and the management company will rent out the property.

New project in Mahmutlar on the first line

The project has a very large area – 10 thousand m². The distance to the center of Mahmutlar is 300 m, to its own beach – 50 m. All apartments will be delivered fully finished, with installed plumbing, built-in kitchen units with a dining area. 1 + 1 apartments with an area of 60 m2 will cost from 95,000 €. Infrastructure of the complex: an outdoor swimming pool with a large water park, a tennis court, a basketball court, a large playground, a mini-water park, a steam room, a sauna, a hamam, a massage room, a fitness room, a games room (table tennis, billiards), a TV room, a business room for presentations, a reception and a lobby, a separate room for guests. This complex will be especially interesting to investors due to its location on the first line of the sea, infrastructure and the still minimal price. Before the end of construction, the cost rises by 20-40%. Check out our Turkey property catalogue here .