Apartments for sale in Alanya Turkey - Luxury & Cheap apartments in Alanya Turkey

Why Buy an Apartment in Alanya?

Why choose flats for sale in Alanya? Alanya has become one of the favorite holiday destinations for tourists, resulting in investors to be more inclined to invest in new projects as well as commercial properties which is essential for a better economic growth with higher demands for holiday apartments in Alanya.

Benefits of Buying an Apartment in Alanya

Purchasing apartments in Alanya has its own set of advantages which will benefit homebuyers as well as investors. Some of the main advantages of purchasing an apartment in Alanya are its affordable prices compared to many costal areas in Europe, another advantage of buying apartments in Alanya for investment is higher return potentials thanks to the increasing demand of both local and international buyers, not to mention the great quality of construction of houses as well as its good rental income, because of Alanya’s popularity as a tourist destination, the rental income can provide a steady income for property owners.

Alanya has a Mediterranean climate with more than 300 sunny days a year, which is perfect for outdoor activities. It provides modern conveniences and a healthy food for a laid-back lifestyle. It has a rich history and is home to the Red Tower, Alanya Castle, and colorful festivals. Alanya flats for sale is an ideal place to live and invest because of its beautiful beaches, such as Cleopatra Beach, and diverse community which Is a great deal for buyers who are looking for apartments for sale in Turkey.

Overview of Alanya Apartment Market

Alanya’s apartment market has shown a steady growth with modern and high-quality construction features such as pools and gyms, and the fact that all of these features come with a relatively affordable price tag is an advantage when compared to many properties in the coastal areas of Europe.

Current Market Trends

The current market for Alanya apartments is experiencing significant activities as well as consistent growth, the reasons for these market advancements are: 

Property prices: modern Alanya apartment prices are between 169,900 and 384,750 euros with luxury apartments near Cleopatra beach reaching up to 384,750 euros. 

Rental market: for two-bedroom apartments, the monthly rent prices reach the average of TRY 20,900 and for three-bedroom luxury apartment in Alanya reaching TRY 145,200. 

Investment opportunities: the investment potential in Alanya is growing constantly with its rental yielding 12% annually and the resale profits reaching profits of 15-40%. 

Market dynamics: The market's modern, earthquake-resistant constructions drive demand and price increases, especially in coastal and central areas. 

Foreign investments: Favorable property prices and tax policies attract significant foreign investment, which boosts market growth in desirable coastal locations. 

Market Stability and Growth Potential

All and all due to strong demands, modern infrastructure and tourism influences has made Alanya’s market very stable. Stability is only one of the factors which makes this market favorable, the growth potential of Alanya’s real estate market is looking promising because of a few form factors: rising property prices, investment returns, favorable policies and location appeal which makes the market both stable and poised for continual growth, these factors make the market for Alanya apartments for sale a stable and convenient option for investors and homebuyers.

Types of Apartments Available in Alanya

There a handful of different types of apartments for sale in Alanya, such as luxury apartments, cheap apartments, sea view apartments, beachfront apartment and new and off-plan apartments.

Luxury Apartments

There are many luxury apartments in Alanya, many of which have sea view as well as being 1-4 bedrooms. Finding luxury apartments for sale in Alanya has never been easier, due to many new projects being built a vast number of options are available to you to choose from. These apartments have the most luxurious furniture as well as interior decorations which can be the perfect option for those who are after a lavish and stylish apartment to live in. 

Cheap Apartments

 Finding a cheap apartment in Alanya can also be fairly easy, but cheap doesn’t always mean boring, cheap apartments for sale in Alanya can have their own style and features as well as sizes, these furnished apartments in Alanya can also have decent locations compared to other apartments while all of these features come with an affordable price tag.

Sea View Apartments

Apartments for sale in Alanya with sea view are one of the favorites of many buyers, due to their stunning view of the sea as well as being closer to the heart of the city. A sea view apartment is the perfect option for someone who is looking for great views while being near the city center.

Beachfront Apartments

Beachfront apartments for sale in Alanya are the most demanded type of apartment due to its extremely convenient location near the beach and the direct access to the sea, these apartments are the perfect option for those of us who love the beach and the gorgeous views of the sea.

New and Off-Plan Apartments

Off-plan apartments for sale in Alanya can be a good opportunity for investors and buyers to hop on this growing market because of the lower prices of these apartments compared to fully built ones. New apartments for sale in Alanya also have choice of units when it comes to pre-purchasing a house and the value of these apartments can grow over time, especially with Alanya’s real estate market meaning upon buying new apartments in Alanya you will have a choice when it comes to selecting same sized apartments within the complex.

Apartment Prices in Alanya

Apartments for sale in Alanya have experienced a steady increase in their prices as well as Villas for sale in Alanya so the range of apartment prices and their factors influencing the prices are different.

Range of Apartment Prices

The range of apartments vary from project to project but apartment prices can start from $87,000 for a 1+1 apartment with an area of 52 square meters. An example of cheap apartments in Alanya and luxury apartments in Alanya can be the Alanya Moon project and Konak Alanya project, the price for each square meter of Alanya Moon is $1,685 which is very affordable compared to Konak Alanya which reaches up to $4,615 because of the location of most of its apartments, being seaside, naturally the demand is higher for these types of projects.

Factors Influencing Apartment Prices

Several factors can influence Alanya apartment prices, such as, Economic factors (Growth, Interest rates, Inflation), Location factors (Proximity to the sea, Infrastructure development, neighborhood characteristics) as well as market trends and demand-supply dynamics. These factors play a huge role in price of condo for sale in Alanya, but we need to keep in mind some of the major factors as well which are, Governmental and global events which can play a major role in the real estate market of turkey.

Popular Areas to Buy Apartments in Alanya

What are some of the most popular places for apartment in Alanya for sale? Here are ten of the most popular locations with high demands for apartments as well as having apartments for sale in Alanya with sea view.

Mahmutlar

Mahmutlar provides a relaxed coastal lifestyle with affordable apartments, breathtaking sea views, and proximity to amenities, making it an appealing choice for buyers and investors in Alanya.

Cleopatra Beach

Cleopatra's Beach in Alanya has pristine sands, crystal-clear waters, and a bustling seaside promenade, providing a picturesque setting with easy access to local amenities and historical sites.

Alanya City Center

Alanya's city center blends modern conveniences with historical charm, with bustling markets, cultural attractions, and picturesque coastal views along the Mediterranean Sea.

Tosmur

Tosmur in Alanya provides a tranquil residential environment with stunning river views, close proximity to beaches, and local amenities, making it ideal for peaceful living near the Mediterranean coast.

Kestel

Kestel in Alanya has a tranquil coastal atmosphere with quiet beaches, lush green surroundings, and modern residential developments, ideal for relaxed seaside living.

Oba

Oba in Alanya combines residential comfort, convenience to utilities, and natural flora to give a tranquil suburban living near the Mediterranean shore.

Avsallar

Avsallar in Alanya is a peaceful beachfront getaway with immaculate sands, clean seas, and contemporary facilities, ideal for both enjoyment and investment along Turkey's Mediterranean coast.

Cikcilli

Cikcilli in Alanya provides a comfortable urban living close to commercial malls, schools, and recreational facilities, making it suitable for homeowners looking for contemporary amenities near the Mediterranean shore.

Konakli

Konakli in Alanya provides a tranquil seaside hideaway with sandy beaches, breathtaking views of the Taurus Mountains, and a laid-back environment, ideal for both recreational and residential life near Alanya's attractions.

Demirtaş

Demirtas in Alanya provides a calm escape with natural scenery, isolated beaches, and a tranquil ambiance, making it suitable for people looking for a pleasant residential setting away from the city's clamor.

Investment Opportunities in Alanya

Alanya investment apartments play a huge role in the economy of Alanya’s real estate market and the opportunities for investments can be never ending, apartments for sale in Alanya are a great long-term investment which can have an effect on people’s demands on Property for sale in Turkey.

Why Invest in Alanya Apartments?

Due to Alanya’s high tourism sector demands and its southern coast Mediterranean climate, it has captured the eyes of many investors resulting in growing infrastructure development as well as favorable prices over time, which can offer a good potential for rental income as well as flipping apartments in Alanya for investment.

Success Stories

"When we first explored Alanya in 2021, we were captivated by its stunning coastline and vibrant culture. Guided by local experts, we invested in a luxury sea-view apartment near Cleopatra Beach. It quickly became our second home and a popular holiday rental. The steady income and warm hospitality of Alanya's community have exceeded our expectations. Now, we cherish our time here, blending business success with a laid-back Mediterranean lifestyle."

-Alexander and Sophia

“When I first visited Alanya in 2023, I fell in love with its stunning coastline and warm Mediterranean climate. With guidance from local experts, I invested in a sea-view apartment near Cleopatra Beach. It quickly became a profitable rental property and a personal retreat for me. Alanya's charm and the steady rental income have made it a perfect investment choice. I enjoy both financial success and a relaxing lifestyle in this beautiful part of Turkey.”

-Joseph

How to Buy an Apartment in Alanya

Here is the step-by-step guide for buying apartments for sale in Alanya as well as some tips for foreigners so they can have a better time understanding the process of purchasing houses in Alanya. 

Step-by-Step Guide

Finding and to buy apartment in Alanya is relatively a standard process, after paying a visit to Alanya, you can familiarize yourself with its different locations, after finding the designated location, based on your budget and the purpose of purchase you should find a trustworthy realtor and then finally make your purchase, which consists of getting a tax number from the tax office, having at least 6 months valid passport, getting an appraiser report, getting DAB (Döviz Alim Belgesi) and then finalizing the title deed transfer (Tapu) at the land registry office.

Tips for Foreign Buyers

If you are a foreign buyer, it is very important to know a few tips so you can ensure a better experience purchasing Alanya apartments for sale. It is recommended to always work with agents with licenses and established offices instead of freelancer agents. If the property you are purchasing is ready, make sure it has the İskan habitation certificate as well as Tapu Takyidat document which proves that the property is debt free and free of any legal issues. And lastly consider hiring a local lawyer who speaks your language so there won’t be any language barriers. Other than these main tips you can check the developer and their recent projects if the house you are purchasing is under construction as well as getting familiar with Alanya’s market.

Buying an Apartment with a Mortgage or Payment Plan

Mortgages are not limited to locals in Alanya, apartments for sale in Alanya with payment plan are also not bound to locals only, Turkish banks offer mortgages to foreigners up to 50% of the value of apartments for sale in Alanya with payment plan. All you will need is:

• a valid passport 
• proof of income in your country
• last three months bank statements
• Turkish tax number
• title deed copy of the property you are purchasing

Denizbank , Ziraat bank , Kuveyt Turk bank are some examples which provide morgages to foreigners up to 10 year plans but keep in mind that the interest rates differ from bank to bank so make sure to do the proper research before you commit to this process.

Property Purchase Tax in Alanya

As a foreigner it is very important to fully know and understand the property purchase tax in Alanya to ensure a smooth process of obtaining your property in this country.

Understanding Property Purchase Tax in Alanya

Alanya property taxes are currently 4% of the property's declared value in the land registry. The deadline of installments on this tax can be done in two installments as well as singular one, we recommend the singular one-time payment simply because of the peace of mind it gives to the buyer.

Tax Rates and Regulations

This 4% buying property tax in Alanya is typically split equally between the buyer and seller when both are Turkish citizens, however, according to the Turkish laws of real estate tax in Alanya this tax should be fully paid by the buyer if the buyer is a foreigner.

Tips for Managing Property Purchase Taxes

As mentioned before, the property tax rates in Alanya can differ based on the locality of both sides when the contract is being made, this tax can be paid in two installments, one on 1st of march which ends on 31st of may with the second installment being on November, however it is possible to pay this tax all at once on the first installment which can help managing your taxes. There is also a way easier way to manage this tax, you can hire a professional real estate property management service to give you ease of mind that your property is being well cared for. 

Ongoing Maintenance Fees for Apartments in Alanya

Property maintenance fees in Alanya are relatively low compared to other costal areas in Europe, and depending of a few factors, the maintenance costs can vary from property to property.

Typical Maintenance Costs

Typical property maintenance fees in Alanya are around 35-70 euros but this number is the average cost and based on some factors it can increase or even decrease, these factors can have direct influence on the ongoing maintenance costs Alanya and learning about them can significantly help you in the future.

Factors Affecting Maintenance Fees

There are five main factors that can impact the Alanya property upkeep costs, these factors are:

• Location of the property
• Apartment’s size
• Official government housing values
• Ways of heating in the wintertime
• Ways of heating water

These real estate maintenance fees in Alanya can determine whether your maintenance fee is low or high, for instance there are apartments with only 11 euros of maintenance fee as well as apartments with +100 euros of maintenance cost.

Managing Maintenance Costs

No matter how well you keep property, there are always some wear and tear that needs to be fixed overtime as well as cleaning fees if you are renting out your property, however you can ask the tenants to clean after themselves but that might not be enough for the future tenants, so this can be another expense which gets added over time. Pools can also become one of property management fees in Alanya that needs maintenance and should be considered when calculating monthly expenses and lastly, if your house has a yard, the gardening costs can become a thing especially in Turkey which grass and bushed grow faster due to Mediterranean climate. 

Renting Out Apartments in Alanya for Rental Income

Renting out apartment in Alanya is one of the most reliable ways of having a secondary income, but it is crucial to know the new regulations as of 2024 so there would be no issues when making a contract with the tenants.

Overview of the Alanya Rental Market

Alanya rental market can be categorized into two factors:

• Tourist rentals:

Because if the high demands from tourism Airbnb/booking have become very popular among visitors and because of seasonal peaks the prices fluctuate significantly during high seasons.

• Long-term rentals

Long-terms rentals on the other hand has stable demands and it usually attracts locals and expats who are looking for long term stays which provides a stable rental income for the home owner in the long-run.

Potential Rental Income

Renting income from Alanta apartments can also be divided into two types:

• Short-term rentals

Depending on the location of your property a two-bedroom apartment can expect to get 50-150 euros per night during peak season, and Luxury villas can fetch up to 200-500 euros per night, which can make this type of renting out a very profitable way of earning rental income in Alanya.

• Long-term rentals

The average 2-bedroom apartment in Alanya can be rented out for 300-700 euros monthly, with luxury villas being between 800-2000 euros per month. 

Legal Requirements for Renting Property

The legal requirements for renting apartment In Alanya are as follows:

• Signing the rental agreement in the local notary with an official translator.
• Agreement between the owner and the tenant on the official terms.
• Rent should be paid in Turkish Lira unless agreed otherwise.
• Tenants should be aware of their rights under Turkish laws.

And finally, it is recommended that the rental contract to be renewed yearly and to request a notarized evacuation commitment from the tenants so the apartment rental process in Alanya goes as smooth as possible.

Frequently Asked Questions

What are the apartment prices in Alanya?

The average apartment prices are around 169,000 euros with luxury apartments reaching 384,750 euros.

What are the best areas to buy apartments in Alanya?

Our top ten recommended places to buy apartments in Alanya Turkey are: Mahmutlar, Cleopatra beach, Alanya’s city center, Tosmur, Kestel, Oba, Avsallar, Cikcilli, Konakli and Demirtas.

Is it a good investment to buy an apartment in Alanya?

Buying flats in Alanya can be a decent investment due to the fact that the property value increases over time as well as the possible potential rental income from that property.

What is the process of buying an apartment in Alanya for foreigners?

Apartments for sale in Alanya are fairly easy to find, research locations and property types, choose a reputable agent, visit and inspect the property, obtain a Turkish Tax Number, open a Turkish bank account, sign the sales contract with a deposit, get a property appraisal report, complete the final title deed transfer at the Land Registry Office, and register the property and utilities with the local municipality.

Are there cheap apartments for sale in Alanya?

Of course, cheap flat for sale in Alanya can be a great option to choose since many of them are very stylish as well as having all the basic furniture while coming with an affordable price tag.

What types of apartments are available for sale in Alanya?

You can find all types of apartments in Alanya for sale, from cheap/affordable apartments to luxury apartments and off plan apartments in Alanya while many of them being sea-view or even beachside apartments.

How do I find luxury apartments for sale in Alanya?

It is recommended to pay a visit to Alanya and see the apartment up close but there are other ways as well, such as Online real estate portals as well as real estate agencies which can help finding your dream apartment in Alanya.

Can I buy an apartment with a sea view in Alanya?

Sure, many of us prefer the convenience of being closer to the heart of the city as well as having gorgeous views over the sea, these apartments can be a perfect buy for you.

What are the legal requirements for buying an apartment in Alanya?

Getting a Turkish tax number, having a Turkish bank account, sales contract between seller and buyer, having a property appraiser report and finally transferring the title deed.

Can foreigners buy apartments in Alanya?

Yes, they can buy any type of apartment in Alanya without any restrictions as well as mortgage options from Turkish banks.

What are the financing and mortgage options available?

Foreigners can have up to 50% mortgage of the total property value up to 10-year payment plans, Denizbank, Ziraat bank, Kuveyt Turk bank are some great options for getting mortgages in Turkey as a forigner.

Conclusion buy apartment in alanya 

Alanya has become the center of attention to homebuyers as well as investors due to its affordable apartment prices compared to other coastal areas in Europe, strong rental income potential, and a growing tourism industry. The market offers various apartment types, including luxury, sea view, beachfront, and affordable options, while enjoying Alanya's Mediterranean climate. Current market trends show consistent economic growth and high rental yields. 

Summary

Obtaining apartments for sale in Alanya is fairly simple for foreign buyers, after finding the destined apartment, the process involves obtaining a Turkish tax number, opening a bank account, signing a sales contract, and completing the title deed transfer. Alanya's real estate market presents a stable and promising investment opportunity with strong growth potential.