Payback of real estate in Alanya

Just a decade ago, foreign citizens associated the Republic of Turkey exclusively with a pleasant vacation, turquoise warm sea, picturesque beaches and all inclusive hotels. Today, the trends have changed dramatically and Turkey has become of interest to many foreigners as a very promising state for profitable and safe investments in certain sectors of the economy, in particular, in construction and the purchase of real estate.

The Turkish real estate market is represented by a wide variety of quality residential and commercial properties at affordable prices. The purchase procedure is simple and transparent: you can become the legal owner of your own apartment in Turkey in just a few days.

You will learn more about the benefits of investments, real estate payback on the example of the famous Mediterranean resort of Alanya in our article.

Investing in the purchase of real estate in Alanya - objectively about the benefits

Investing in the purchase of real estate in Alanya is profitable thanks to:

• The rapid and steady development of the Turkish economy

The new economic development plan of the Republic of Turkey is aimed, no less, at the entry of the state into the TOP-10 countries with the largest economy. On the territory of the state, the increase in production, the construction of factories and plants, the promotion, development of science and technology, and the introduction of new technologies do not stop. Turkey's GDP is growing steadily.

• Ideal conditions for foreign investment

Most foreign businessmen working in the territory of the Republic of Turkey note the comfortable environment created for doing business and investing. The government is especially attentive to such promising areas for investors from abroad as tourism, construction, and the purchase of real estate in popular resort regions of the country.

• Affordable location

Geographically, Türkiye is located in a strategically advantageous place. It is here that the two sides of the world - East and West - are connected, important intercontinental transport routes and trade routes pass. It is this fact that turns out to be decisive for many foreign investors.

• Active development of tourism

Alanya is a resort in the heart of the Turkish Riviera. Thousands of tourists from all over the world come here every year. The picturesque nature and favorable climate, clear sea, high quality service, many historical and cultural sights attract tourists. Investments in the purchase of real estate in Alanya will never lose their relevance.

• Developed urban infrastructure

Alanya, like other resort towns in Turkey, has changed beyond recognition in a few years. In addition to the construction of modern residential complexes, urban infrastructure is being actively built and constantly improved. Shops and shopping centers, entertainment venues, quality medical care in public and private clinics, pharmacies, cafes, embankments, good roads, public transport and much more are at the service of vacationers and residents all year round.

• A huge selection of properties for profitable investments

The construction market in Turkey is developing by leaps and bounds, in Alanya, developers continue to develop new areas and territories. Each investor from abroad will be able to choose really promising schemes for investments with payback in the long and short term.

• Optimal prices

You can buy an apartment in Alanya for living, recreation or investment with a high return on investment even with a minimum budget.

• Simple taxation and maintenance

Specialized companies are engaged in the maintenance of public areas, internal infrastructure in modern residential complexes in Alanya. All that is required from the owners is to choose a suitable service organization and pay monthly aidat.

Paying taxes when buying a home and while living in Turkey is lower than in most other countries.

Profitable investment schemes in real estate in Alanya

Let's consider several main ways to profitably invest your money in buying apartments in Alanya.

Option 1.

Where to buy an apartment abroad to receive rental income? Perhaps one of the most interesting options is the Turkish real estate market.

Income from renting an apartment in Turkey is a simple investment scheme for investors from abroad. If you are planning to buy a property for rent, we recommend that you immediately contact a real estate agency or developer, where they can offer you interesting terms of purchase with a guaranteed rental.

The payback of an apartment when renting out is approximately:

• 3-9% per annum for inexpensive apartments;
• 10-15% per year for luxury housing (villas, penthouses).

The amount of profit depends on how correctly the object was chosen in terms of location, layout, quality of repairs, view characteristics, and landscaping. In Alanya, you should pay attention to apartments located in the central areas of the city, close to picturesque beaches and attractions.

An equally popular way to increase your savings among investors from abroad is the acquisition of commercial space in Turkey. In Alanya, commercial real estate allows not only organizing your own profitable business, but also renting out objects for offices, shops, cafes, hairdressers, etc.

Option 2.

The second popular investment scheme is the purchase of housing under construction from the developer. The sooner the purchase and sale transaction is executed, the more profitable the investment, since the rise in the cost of a square meter for apartments in Alanya occurs in stages. Ultimately, after the commissioning of the residential complex, you can sell the finished object at a higher price and get a significant profit.

Income from investing in real estate from the developer, with a competent and professional approach, in some cases reaches 100-200%. The cost of finished apartments after the completion of construction will increase by 20-40%. A new apartment in a prestigious area can be resold at a good price in the secondary market.

The purchase of land plots with the subsequent construction of hotels or residential complexes is an investment scheme that requires large cash injections, which can bring the owner about 10% profit per year. Some investors purchase ready-made apartments in hotel-type residential complexes with a guaranteed return of up to 3 years in the amount of about 10% per annum of the property value.

The cost per square meter of housing in Alanya, as well as the interest of foreign investors in it, continues to grow, despite the global economic crisis associated with COVID-19. Therefore, investing in the purchase of Turkish resort real estate is also profitable.

It is easiest to make the correct calculation of the return on investment in real estate in Turkey with the support of professionals. Nordic Property Construction specialists will offer you the most promising financial schemes, help you choose an object and arrange a sale and purchase deal on favorable terms. Contact us!