Apartments for sale in Side for all Budgets

Why Buy an Apartment in Side?

Why choose side flats for sale? Side has grown in popularity as a tourist destination, attracting investors to invest in new projects and commercial properties, which is critical for economic growth and increased demand for holiday apartments in Side.

Benefits of Buying an Apartment in Side

Buying an apartment in Side has advantages for both investors and homebuyers. Some of the primary advantages of purchasing apartments in Side include lower prices when compared to other European coastal areas. Furthermore, due to rising demand from both domestic and international buyers, to buy apartment in Side it may provide higher future returns than in many other locations in Turkey. Additional advantages include the high quality of house construction and Side's strong rental income. Furthermore, due to Side's popularity as a tourist destination, rental income can provide a consistent income for property owners.

Overview of Side Apartment Market

The Side apartment market has steadily increased, with modern and high-quality construction features such as pools and gyms. The fact that all of these features are reasonably priced is an advantage when compared to many properties in Europe's coastal areas.

Current Market Trends

The current Side apartment market has seen significant movement at a steady rate. The average apartment prices, potential rental income, and expected average investment returns are some of the main reasons why buying apartments for sale in Side Turkey is a wise investment.
Side apartments typically cost between 159,000 and 551,000 euros. A two-bedroom apartment in popular locations such as Sorgun costs between 180,000 and 200,000 euros. The average rental yield is around 6-8%, while the average monthly apartment rent is 500 to 1,500 euros. Annual rental yields range from 6 to 8 percent, and apartment values have doubled since last year.

Market Stability and Growth Potential

Overall, strong demand, modern infrastructure, and tourism have kept the Side market stable. Stability is just one of the factors that contribute to the market's favorable conditions. The growth potential of Side's real estate market appears promising due to a number of key factors, including rising apartment prices, investment returns, favorable policies, and location appeal, all of which make the market both stable and poised for continued growth. These factors make the market for Side apartments for sale a dependable and convenient choice for investors and homebuyers.

Types of Apartments Available in Side

One of Side's advantages is its diverse range of apartment types. There are luxury and budget apartments, both of which can have sea views or be beachfront and are new/off-plan. Not only apartments, but houses and villas for sale in Side are excellent investments.

Luxury Apartments

Finding a luxury apartment in Side is one of the simplest types of properties to find due to the large number of projects under construction, many of which have a sea view and range from one to four bedrooms. Finding luxury apartments for sale in Side has never been simpler. With so many new projects being built, you have a lot of options to choose from. These apartments have the most luxurious furniture and interior decorations, making them ideal for those seeking a lavish and stylish living environment.

Cheap Apartments

Finding a cheap apartment in Side can be simple, but cheap does not always mean boring. Cheap apartments for sale in Side can vary in style, features, and size. These furnished apartments in Side can also have better locations than other apartments, all while remaining reasonably priced.

Sea View Apartments

Apartments for sale in Side with sea views are in high demand due to their stunning views and proximity to the city center. A sea view apartment is ideal for anyone looking for breathtaking views while still being close to the city center. Beachfront apartments in Side, on the other hand, are extremely popular due to their direct access to the beach. Because of the high demand, the apartment’s value will always rise over time, which can benefit both investors and homebuyers.

New and Off-Plan Apartments

Because off plan apartments in Side are less expensive than fully built apartments, they can be an excellent way to break into this growing market. When it comes to pre-purchasing a home, new apartments for sale in Side provide a variety of units, and the value of these apartments can increase over time, particularly in Side's real estate market. This means that when purchasing this type of apartments for sale in Side Turkey, you will have the option of selecting identically sized new apartments in Side within the complex.

Apartment Prices in Side

Side apartment prices have steadily increased, as have properties for sale in Turkey. As a result, the price range for apartments varies, as do the factors that influence them.

Range of Apartment Prices

Side apartment prices range from 159,000 to 551,000 euros, but there are both more expensive and more affordable cheap apartments in Side. For example, a two-bedroom apartment in Ilica costs around 270,000 euros, whereas a similar size apartment in Kızılağaç costs 514,000 euros. Some penthouses with sea views can cost upwards of 600,000 euros. These luxury apartments in Side typically include private pools, fitness centers, and close proximity to the beach. These amenities have a direct impact on apartment pricing.

Factors Influencing Apartment Prices

Economic growth, interest rates, and inflation can all have an impact on prices of flats in Side, as can location factors (proximity to the sea, infrastructure development, and neighborhood characteristics), market trends, and supply-demand dynamics. These factors influence the price of condo for sale in Side, but we must also consider some of the more important factors, such as governmental and global events, which can have a significant impact on Turkey's real estate market.

Popular Areas to Buy Apartments in Side

What are some of the most popular locations for apartments in Side for sale? Here are ten of the most popular areas with high demand for apartments, as well as apartments for sale in Side with a sea view.

Kumköy

Kumköy is a thriving community with beautiful sandy beaches and convenient access to Side's amenities. It's ideal for those looking for a lively but relaxing coastal lifestyle.

Sorgun

Sorgun is known for its natural beauty and tranquil atmosphere. It offers a mix of modern and traditional apartment options near lush forests and historical sites.

Titreyengöl

Titreyengöl offers a peaceful atmosphere with lake views and green spaces. It's ideal for nature lovers looking for a relaxing retreat close to Side's attractions.

Evrenseki

Evrenseki combines convenience and charm by providing a variety of apartments and amenities. It has a quieter atmosphere than more central areas, but it is easily accessible to local services.

Ilica

Ilica is known for its thermal springs and spa facilities. Its popularity stems from the combination of wellness options and proximity to beautiful beaches, making it a desirable location.

Kızılağaç

Kızılağaç is a popular destination due to its peaceful environment and proximity to the Mediterranean. It provides affordable housing options and a relaxed lifestyle surrounded by natural beauty.

Manavgat

Manavgat offers vibrant markets, modern amenities, and proximity to the Manavgat Waterfall. It's ideal for those looking for a vibrant urban setting with easy access to natural attractions.

Side City Center

Side City Center blends historical charm with modern conveniences. Buying here gives you easy access to beaches, ancient ruins, and a vibrant cultural scene.

Investment Opportunities in Side

Apartments in Side for investment contribute significantly to the economy of Side's real estate market, and investment opportunities are plentiful. Apartments for sale in Side Turkey are a great long-term investment that can influence the demand for real estate.

Why Invest in Side Apartments?

Side's high tourism sector demand and its southern coast Mediterranean climate have piqued the interest of many investors, resulting in increased infrastructure development and lower prices over time. This can provide a good opportunity for rental income as well as investment return by flipping Side investment apartments.

Success Stories

“During our visit to Side in 2021, we were captivated by its stunning coastline and lively atmosphere. After receiving guidance from local professionals, we acquired a luxurious sea-view apartment in Kumköy. It rapidly became our second home and a popular vacation rental. The steady rental income and the warm reception from the community have exceeded our expectations. We now enjoy both business success and the laid-back Mediterranean lifestyle.”  

- Oliver and Sophie

“After traveling to Side in 2023, I was impressed by its beautiful coastline and pleasant Mediterranean weather. With advice from local experts, I purchased a sea-view apartment in Evrenseki. It quickly turned into a profitable rental apartment and a personal retreat. The appeal of Side and the dependable rental income have made it a fantastic investment. I am delighted with the financial returns and the peaceful lifestyle this lovely area of Turkey provides.”  

- Mia

How to Buy an Apartment in Side

Here's a step-by-step guide to buy apartment in Side, as well as some advice for foreigners looking to buy a house for sale in Turkey.

Step-by-Step Guide

Finding and purchasing apartments in Side Turkey, is a relatively straightforward process. After visiting Side, you can familiarize yourself with its various locations. After determining the appropriate location based on your budget and the purpose of your purchase, you should find a trustworthy realtor and then complete your purchase, which includes obtaining a tax number from the tax office, having at least a 6-month valid passport, obtaining an appraiser report, obtaining DAB (Döviz Alim Belgesi), and finalizing the title deed transfer (Tapu) at the land registry office.

Tips for Foreign Buyers

If you are a foreign buyer, here are a few pointers to help you have a positive experience when buying Side apartments for sale. It is always preferable to work with licensed agents who have established offices over freelancer agents. When purchasing a finished apartment, make sure it has the İskan habitation certificate and Tapu Takyidat document, indicating it is free of debt and legal issues. Finally, consider hiring a local lawyer who speaks your language so that there are no communication barriers. Aside from these general guidelines, you can research the developer and their most recent projects if the home you're purchasing is still under construction, as well as become acquainted with the Side market.

Buying an Apartment with a Mortgage or Payment Plan

Non-residents can also obtain mortgages for apartments for sale in Side with payment plans, in addition to Turkish citizens. Foreigners can obtain mortgages from Turkish banks for up to 50% of the value of apartments for sale in Side, with a payment plan. All you'll need is:
1. A valid passport.
2. Evidence of income in your country.
3. The past three months' bank statements.
4. Turkish Tax Identification Number.
5. A copy of the title deed to the property being purchased.
Banks such as Denizbank, Ziraat Bank, and Kuveyt Turk Bank provide foreigners with ten-year mortgages and can be a great help for people buying a property in Side Turkey. Remember that interest rates differ by bank, so do your research before committing to this process.

Property Purchase Tax in Side

As a foreigner, you must fully understand the property purchase tax in Side in order to obtain your property in this country smoothly.

Understanding Property Purchase Tax in Side

The current side property taxes are 4% of the land registry's declared value. The deadline for installments on this tax can be two or one, but we recommend a single one-time payment for the buyer's peace of mind.

Tax Rates and Regulations

When both the buyer and the seller are Turkish citizens, the 4% buying property tax in Side is usually split evenly. However, if the buyer is a foreigner, the buyer is required to pay the full amount of the tax under the laws of real estate tax in Side.

Tips for Managing Property Purchase Taxes

As previously stated, property tax rates in Side can vary depending on the parties' locations at the time the contract is signed. This tax can be paid in two installments, the first starting on March 1st and ending on May 31st, with the second due in November. However, you can pay this tax all at once in the first installment, which will help you manage your taxes. There is also a simpler way to handle this tax: hire a professional real estate property management company to ensure that your property is well-maintained.

Ongoing Maintenance Fees for Apartments in Side

Property maintenance fees in Side are relatively low when compared to other coastal areas in Europe, but they can vary depending on a number of factors.

Typical Maintenance Costs

Typical property maintenance fees in Side range between 200 and 600 Turkish Lira, but this is an average cost that can fluctuate depending on a number of variables. These factors can have a direct impact on ongoing maintenance costs Side, so understanding them now will help you in the future.

Factors Affecting Maintenance Fees

There are five major factors that can affect the Side property upkeep costs:
1. Property location 

2. Apartment size 

3. Government-approved housing values

4. Heating options for winter

5. Methods of Heating Water
Real estate maintenance fees in Side can determine whether your maintenance fee is low or excessive.

Managing Maintenance Costs

No matter how well you keep your apartment, there will always be wear and tear that must be repaired over time, as well as cleaning fees if you rent it out. You can ask tenants to clean up after themselves, but that may not be enough for future tenants, so this can be an additional expense that adds up over time. Pools can also become one of property management fees in Side that must be maintained and factored into monthly expenses. Finally, if your home has a yard, gardening costs can be an issue, especially in Turkey, where grass and shrubs grow more quickly due to the Mediterranean climate.

Renting Out Apartments in Side for Rental Income

Renting out an apartment in Side is one of the most reliable ways to generate a secondary income, but it is critical to understand the regulations to avoid problems when signing a contract with tenants.

Overview of the Side Rental Market

The side rental market is divided into two categories:
1. Short-term rentals: Due to high demand and seasonal fluctuations, Airbnb/booking prices vary significantly during peak seasons, providing an excellent opportunity to earn a decent rental income.
2. Long-term rentals: Long-term rentals, on the other hand, have a steady demand and typically attract locals and expats looking for long-term stays, resulting in a consistent rental income for the homeowner over time.

Potential Rental Income

Earning rental income in Side is done in two categories:

1. Short-term rentals: During peak season, a two-bedroom apartment can earn between 1,500 and 3,000 Turkish Lira per week, depending on location. These prices vary depending on the apartment's proximity to the beach while some luxury options can generate 3,500 to 7,000 Turkish Lira weekly, which can be a very profitable way to generate rental income from side apartments.

2. Long-term rentals in Side, Turkey range from 5,000 to 8,000 Turkish Lira per month for two-bedroom apartments and 12,000 to 25,000 Turkish Lira for luxury apartments.

Legal Requirements for Renting Property

The legal requirements for renting an apartment in Side are as follows:
1. Signing the rental agreement in front of a local notary using an official translator.
2. The owner and tenant agree on the official terms.
3. Rent must be paid in Turkish Lira, unless otherwise agreed.
4. Tenants should understand their rights under Turkish law.
Finally, it is recommended that the rental contract be renewed on an annual basis and that the tenants provide a notarized evacuation commitment to ensure that the apartment rental process in Side runs smoothly as possible.

Frequently Asked Questions apartments for Sale in Side Turkey

What are the apartment prices in Side?

The average apartment prices are from 159,000 to 551,000 euros with luxury penthouses being around 600,000 euros.

What are the best areas to buy apartments in Side?

The eight most popular places in Side are: Kumköy, Sorgun, Titreyengöl, Evrenseki, Ilica, Kızılağaç, Manavgat and Side City Center

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

Purchasing flats in Side can be a wise investment because the apartment’s value and potential rental income rise over time.

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

Finding apartments for sale in Side Turkey, isn't that difficult. Simply conduct some research on potential locations and apartment types, select a reputable real estate agent, visit the apartment, examine it, open a Turkish bank account, obtain a property appraisal report, sign a sales contract with a deposit, complete the final title deed transfer at the Land Registry Office, and register the apartment and utilities with the municipality.

Are there cheap apartments for sale in Side?

Yes, of course, given that many of the reasonably priced, cheap flats for sale in Side include all of the necessary furniture, they can be an excellent option.

What types of apartments are available for sale in Side?

There are numerous types of apartments for sale in Side Turkey, ranging from luxury flats for sale in Side to low-cost apartments, as well as new/off plan apartments, with many having sea views or being beachfront.

How do I find luxury apartments for sale in Side?

While it is recommended that you visit Side and view the apartment in person, there are other options available, such as using online real estate portals and real estate companies to help you find your ideal apartment in Side.

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

These apartments may be the best investment for you if you value the convenience of being closer to the city center and having stunning views of the sea, as many of us do.

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

Obtaining a Turkish bank account, obtaining a tax number, signing a sales agreement between the buyer and seller, obtaining a property appraisal report, and finally transferring the title.

Can foreigners buy apartments in Side?

Yes, they can purchase any type of apartment in Side with no restrictions, and Turkish banks also provide mortgage options.

What are the financing and mortgage options available?

Foreigners can get a mortgage in Turkey from Denizbank, Ziraat Bank, and Kuveyt Turk Bank, with 10-year payment plans that allow them to borrow up to 50% of the total property value.

Conclusion

Side has piqued the interest of both homebuyers and investors due to its relatively low apartment prices in comparison to other European coastal regions, promising rental income prospects, and thriving tourism industry. The market provides a wide range of apartment types, including luxury, sea view, beachfront, and low-cost options, all while benefiting from Side's pleasant Mediterranean climate. Current market trends point to steady economic growth and high rental yields.

Summary

For foreign buyers looking to obtain apartments for sale in Side Turkey, the process is relatively simple: after finding the right apartment, you simply need to open a bank account, obtain a Turkish tax number, sign a sales contract, and complete the title deed transfer. The real estate market in Side is a solid and encouraging investment opportunity with significant room for growth.