Apartments in Alanya, Turkey

The variety of apartments in Alanya

Alanya is renowned for its diverse range of apartments. From studios to penthouses, from modern to traditional styles – everyone can find something for themselves here.

Advantages of buying apartments in Alanya

Apartments in Alanya offer several advantages. The first and perhaps the most obvious is their location. The proximity to the sea, stunning beaches, and warm climate make this city an ideal place for vacation or permanent residence.

“Apartments in Alanya offer a unique opportunity to live literally by the sea. It’s a fantastic place for those seeking comfortable housing with magnificent views,” says Denise Ozkan, a real estate expert in Turkey.

Investment potential of apartments in Alanya

In addition to comfortable living, apartments in Alanya also offer excellent investment opportunities. The demand for real estate in this region is constantly growing, guaranteeing a stable income from rentals or resale.

“Alanya is one of the fastest-growing real estate markets in Turkey. This makes buying an apartment here a smart investment strategy,” emphasizes Ozkan.

The real estate market in Turkey in 2023

In 2023, the real estate market in Turkey continues to demonstrate growth. According to data obtained in January 2023, the annual increase in property prices in Turkey was 78% in Turkish lira. Moreover, there was a nominal price increase of 21% in just the previous month. The average cost of residential property in Turkey in February 2023 was 5,579 Turkish lira per square meter (or $378 US dollars based on the exchange rate of February 2023). The average cost of a single property was 736,428 Turkish lira (or $50,000 US dollars), and the average payback period for real estate investments was 19 years.

Rental rates in Turkey also continue to rise. Rental prices in the national currency increased by 17.21% in January 2023 compared to the previous month, and by 52.45% compared to January 2022. In resort areas such as Alanya, Antalya, Belek, Bodrum, Didim, and Fethiye, rental prices have increased by 60% or more.

Conclusion

Undoubtedly, apartments in Alanya represent an attractive choice for those seeking convenient and comfortable housing with stunning views and high investment potential. This city located on the southern coast of Turkey continues to attract more potential investors from around the world.