Alanya has an ideal location for those looking to invest in property for a year-round income.
With more than three million foreign tourists visiting Turkey every year, the interest in buying property in this fabulous country has never been higher. Especially since the Turkish lira is currently suffering from a fall against most major currencies. Investors that buy a luxury apartment in Alanya will definitely see a growing return on their investment over time.
With prices starting at €45,000 for a 1 bedroom apartment and going up to as much as €160,000 for a sea front home, newcomers to the Turkish real estate market realise quickly that this is one of the best opportunities they will ever come across , especially considering recent drops in local currency value compared to GBP and USD.
Generally, a luxury apartment in Alanya costs approximately €2,000 per square meter for new buildings and between €1,500-€2,400 per square meter for a resale property. However, it all depends on the location of the property, the complex and the available views. The most expensive locations in Alanya are areas close to the central castle and Cleopatra Beach, whilst private beaches and a hotel and spa concept will raise the prices in all Alanya areas.
Developers are building many luxury apartment complexes in Alanya, in central areas and also to the east and west of the centre, thus, if you have a chosen area or are a newcomer to the area, you will find a luxury apartment in Alanya for sale to suit you and your chosen lifestyle or investment requirements.
Luxury apartments for sale in Alanya come in a range of sizes from, from studios to larger 5 bedroom homes, found in various areas along the coastline from Avsallar to the west as far as Demirtas near the airport to the east. No matter where you choose to buy a luxury apartment in Alanya, you will never be far from a sandy beach and you will enjoy one of the best climates in Turkey with long hot summers and very short mild winters. It's an ideal place to retire, enjoy summer or winter holidays with the family and is a perfect location for investment as a luxury apartment in Alanya can offer an annual income not just a seasonal summer income.
Whilst many people choose to rent a luxury apartment in Alanya, there are many benefits to buying a property, capital gain with prices on the increase in Alanya, the security of owning a share of the land as all homes in Turkey are freehold, no rent to pay, no hassle of moving from year-to-year and the freedom to come and go as you please.
Prices are typically lower than other cities like Istanbul or London
If you are looking for a dream property on the Mediterranean coastline of Turkey, Alanya is an ideal location. The local area has plenty to offer holidaymakers and residents alike, with many clubs and bars, ample shopping opportunities, education and medical facilities,in addition to the area being accessible all year-round, hence the rental income achievable with a luxury apartment in Alanya for sale being annual not seasonal,
To ensure your purchase goes as smoothly as possible when you buy a luxury apartment in Alanya it is advisable to hire a reputable lawyer who will check all details before finalising the deal.
The cost of living in general tends to be higher than some other Turkish destinations, however, this does mean that a luxury apartment in Alanya for sale within city limits tends to sell faster than others in more rural locations, especially when enjoying a view of the sea.
When choosing to buy a luxury apartment in Alanya for investment we suggest the you choose a property with good on-site facilities, a view of the sea and a property that is found in a popular area of the resort.
Alanya
