Why invest in Alanya?
Why invest in Alanya?
Alanya is the ideal place to spend your well-deserved holiday. Not only does the seaside resort have more than 300 days of sunshine a year and therefore is the place to be for sun lovers, it also has a rich history and therefore many places of interest. Alanya offers a wide range of options, not only for your holiday in the sun: more and more people are choosing to invest in real estate. Not only do you achieve a high return, you can also choose to live in your investment property yourself. Over the years, Alanya has grown into a small city with schools, shopping malls and numerous facilities.
Because the Turkish offer appeared on the international real estate market relatively late, prices are relatively low. This allows you to choose for competitively priced luxury objects, but also to invest in cheap secondhand apartments. The profit on your investment within the Turkish real estate market is very lucrative. While prices in the real estate market in Spain and Cyprus have long since skyrocketed, real estate in Turkey can provide huge returns on long-term investments. In addition, there is something for every buyer: from existing cheap apartments to detached villas. The Turkish real estate market is very diverse.
In 2016, it was announced that foreign buyers could acquire Turkish citizenship by investing in real estate. In January 2017, a campaign was launched by the government to attract foreign investment and strengthen the real estate sector. While in 2017 it was still necessary to make an investment of at least 1 million dollars to obtain Turkish nationality, this was reduced to USD 250,000 in mid-2019 and later increased to USD 400,000, due to the rapid increase in applications. You can now acquire Turkish nationality within 3 to 4 months after purchasing your property.
Middle-income investors are attracted by the relatively low mortgage costs. Foreigners who want to buy real estate in Alanya can arrange financing with a duration of up to 10 years. A loan to buy real estate can be taken out not only in Turkish lira, but also in foreign currencies such as euros or dollars. Please note that to be eligible for a mortgage, you must be younger than 70 years of age.
As mentioned, Alanya has a wonderfully warm climate with more than 300 days of sunshine a year. The Taurus Mountains in the north protect the city from the cold north wind. With the sea on one side and the mountains on the other, you will always be able to enjoy a beautiful view and the possible activities are endless. The warm climate also comes in handy when you want to rent out; the summer season is quite long and the influx of tourists lasts from spring to autumn, so there is always a demand for rental apartments.
Distance to the airport
From Antalya Airport, Alanya can be reached within an hour and a half. Do you dread a bus or car journey after what is already a long flight? Since 2010 it is possible to fly directly to Alanya airport in Gazipaşa. From here it is only 45 kilometers to Alanya, which means that you are less than half an hour in the bus or car. This makes it attractive for both investors and tourists to come to Alanya.
In Alanya you will find all necessary facilities… and more. The city has several schools, including schools for multilingual education, three large hospitals, various shopping centres and other facilities. Public transport is excellent: every ten minutes a bus goes along the two main streets, which not only takes you to and from all neighboring municipalities, but also makes frequent stops. Would you like to have your own car at your disposal during your stay in Alanya? Then you can use our Rent a Car service. The cost of living in Alanya is also very low. This allows you to live a comfortable life and still have money left over. The property tax and maintenance costs of your real estate are many times lower than in European countries, so that your investment is low cost.