General information about the Turkish Market in Alanya
Alanya is a popular resort city in Turkey located on the Mediterranean coast. Alanya belongs to the province of Antalya and is only 130 km from it.
Real estate in Alanya is chosen by investors who want to make money on speculative transactions, rent out real estate and relax in Turkey in their apartments with their families. In this article, we will discuss the cost of apartments in Alanya.
1 The cost of apartments in Alanya for vacation, rent, and permanent residence
The choice of an apartment primarily depends on the goals of the buyer. First, you need to understand how the future owner plans to dispose of the apartment. Its cost, location, and area will already depend on this. For example, suppose a buyer wants to buy an apartment. In that case, every time he vacations in Turkey, he does not rent an apartment or a hotel, but the rest of the time, he rents out real estate, then options in new residential complexes with extensive infrastructure, with an area of 50-60 m2, are perfect for him, within walking distance to the sea. The cost of such an apartment in Alanya will vary from 45,000 to 75,000 €.
If you look closely at apartments for personal recreation and rent out the rest of the time, in this case, you need to decide what is still more important: for yourself or rent out. The result of choosing an apartment may differ in different situations. And this should be taken into account so that later the investor does not have misunderstandings regarding profitability.
But if we focus on renting, the one closer to the sea is better rented. The main demand from tenants is the first or second line (no more than 500 meters to the beach), so it is comfortable to walk to the sea and back in the heat. The most popular apartments are 1+1 and 2+1, with an area of 50-70 m2.
For resale, it is most interesting to consider apartments that are just starting to be built. Developers, in such cases, go for maximum discounts because they attract investments in their projects. During construction, real estate prices rise from 10 to 40%. Projects are built on average for 16-18 months.
Liquidated apartments will be 1+1, no more than 1 km from the sea, with a transport interchange and good infrastructure around the complex.
2 How much does an apartment in Alanya cost in a new building
The primary real estate market in Alanya is growing fast, and construction and infrastructure have not yet even covered all areas of Alanya. There is a construction plan for each district, so the old low-rise buildings will be demolished sooner or later, and new complexes with hotel infrastructure will be built.
As we have already said, the cost of housing in Alanya depends on the location:
- the closer to the sea;
- to the center of a large city;
- to the airport;
- the higher the cost.
The sea view, the center, and the sightseeing view significantly affect the price. In Alanya, the most inexpensive areas for buying real estate are Mahmutlar and Avsallar. Here apartments in a new building will start from 40 thousand euros. The average option for comfortable rest, which our clients often choose, is apartments costing 50–70 thousand euros.
The cost of apartments in Alanya in the secondary market
In the secondary market in Alanya, the cost of apartments starts from 35,000 – 37,000 € (this is the minimum price). For this amount, there will be apartments 2-5 km from the sea, in a house from about 2010-2015. buildings, in a complex with a swimming pool, but without a developed infrastructure. The most budget options can be found in the:
If we consider an apartment in Alanya worth 70,000 – 90,000 € on the secondary market, then the client will find spacious apartments 2 + 1, 3 + 1, or penthouses. Such apartments will be furnished and renovated, in a good location, with an area of about 100 m2, but in a building without extensive infrastructure.
The cost of apartments in Alanya by district
The cost of apartments in Alanya differs depending on the area. As we have already said, the apartments in Mahmutlar, Avsallar, and Oba are currently considered the most affordable and elite in Kargicak.
The cost of apartments in Alanya – Oba District
The average cost of apartments in Alanya in new buildings in the Oba area will be 60,000-65,000 euros. For this amount, you can buy a 1 + 1 apartment with an area of 60–65 m2, 1 km from the sea. The complex will have good infrastructure, including swimming pools, playgrounds, a fitness center, saunas, and a barbecue area.
The cost of apartments in Alanya – Kargicak District
The average price for new apartments in Alanya in this area is 60,000-70,000 euros.
View apartments in a new residential complex on the first line can be found at a cost of 55,000 euros with an area of 50 m2.
If you are interested in villas at a distance of 1–2 km from the sea during the construction phase, you can purchase a villa with an area of 200–300 m2 in a complex for 150,000–200,000 euros.
The cost of apartments in Alanya – Avsallar District
The average price of apartments in Alanya Avsallar starts from 50,000 euros for 1+1 flats. Investment projects of complexes under construction can start from 38,000 euros for a 55 m2 apartment.
3 How much does an apartment cost in Alanya in the Konakli area
The average price of an apartment in this area of Alanya starts from 45,000 euros, but these will be apartments with an area of 55 m2 and a short distance from the beach.
The cost of apartments in Alanya – Area Kestel
The average cost of real estate in Kestel is higher than in Mahmutlar. Most Europeans buy here. The apartments of 45 m2 will cost 45,000 euros at the construction stage next to the sea and about 80 m2 away from the sea (1-2 km).
The cost of apartments in Alanya – District Tosmur
The average cost of apartments in Alanya in this area starts from 65,000 euros, but it will be an apartment of about 100 m2 and 200–500 m to the sea in a complex with hotel infrastructure.
Property in Turkey
Use the services of the aggregator Turk.Estate to get additional information about real estate in Alanya. You can compare the prices and districts right now.