Apartments and flats for sale in Alanya

Apartments in Alanya with residence permit

Apartments in Alanya for investment, permanent residence and seasonal holidays are in high demand among foreign buyers. The most sought-after neighbourhoods for buying properties in Turkey, particularly in Alanya, are Oba, Tosmur, Mahmutlar, Kargıcak and Avsallar. They offer residents a well-developed social infrastructure with schools, hospitals and shops, a variety of leisure and recreation facilities, including water parks, bars and restaurants, as well as easy access to the beaches.

Many investors focus on apartments for sale in Alanya in under-construction complexes. The advantages of such deals include rapid capital growth as well as the opportunity to personalise the interior design. However, they come with some risks, such as delays in construction work. To protect themselves, buyers should opt for projects from reliable developers with an established reputation.

New flats for sale in Alanya offer modern design and numerous amenities as part of the overall infrastructure of the complex. These may include swimming pools for adults and children, a gym, a sauna, a cinema, a library and a barbecue area.

Secondary market residences often require renovation. Some investors buy such property at a low cost in order to resell it at a mark-up after renovation and make a capital gain.

Residence permit in Turkey by buying an apartment in Alanya

One of the main advantages of buying apartments and flats in Alanya is the opportunity to participate in the programme of granting a residence permit in Turkey by real estate purchase. The investor and his/her family members can get an ikamet for 2 years and extend it an unlimited number of times as long as the purchased object remains in their ownership.

An applicant for resident status can purchase both apartments and any other type of property, including houses, land plots and commercial premises. The cost of apartments in Alanya or another object must be at least $200,000. After 5 years of residence in the republic, a foreigner will be able to apply for a passport.

Turkey citizenship by investment can be obtained much faster when buying a property worth $400,000. In this case, a foreigner can apply for a passport immediately, without a residence permit.

Investment apartment in Alanya

The following factors make an investing apartment in Alanya one of the most investable options in the property market in the country:

1. A variety of options. The city is characterised by a wide variety of residential properties. Buyers can choose between studios, apartments with 1 or more bedrooms, and penthouses. The choice of layouts is also extensive. There are affordable flats with sleeping space, bathroom, kitchen and balcony, as well as luxury options with a study, dressing rooms, laundry room and a spacious terrace with a personal swimming pool and sunbathing area.
2. Infrastructure development. New motorways, public transport stops, schools, hospitals and other socially important facilities are appearing in the city. Rental rates and apartment prices in Alanya are increasing as the environment is renewed.
3. Strong tourism industry. Every year, 3–4 million tourists visit the city to spend their holidays surrounded by first-class leisure facilities and relax on the landscaped beaches. They provide a high rental demand for apartments.

Cost of an apartment for sale in Alanya continues to rise due to the above factors, as well as the rapidly growing economy and the state's residence permit and citizenship programmes. Between January and August 2024, the average price of flats in the city increased by 137.48%. Capital gains and high liquidity allow owners to make money on resale of apartments at any time.

Most tourists and expats visiting the city rent local properties. Therefore, it also attracts investors with a long-term strategy. The average profitability of residential properties is 4-5% per annum. The fastest payback is for 1-bedroom apartments offering easy access to the beach.