Property in Alanya with a residency permit
Foreigners can purchase properties in Alanya, Turkey, to create a seasonal retreat with access to the finest beaches, earn profits from investments, or obtain a residence permit in Turkey through real estate. The long coastline, featuring apartments and villas with sea views, relatively low prices, and a mild climate, provides optimal conditions for achieving any of these goals.
The following locations are particularly popular among foreigners buying real estate in Alanya:
- Oba: One of the most prestigious areas along the Mediterranean coast. The population, which has already exceeded 30,000, continues to grow, particularly with expatriates from European countries. The neighbourhood’s infrastructure, located about 10 minutes from the city centre, includes supermarkets, cinemas, a water park, gyms, and a football stadium. The 4 km long coastline boasts well-maintained beaches that attract tourists. At the foot of the mountains, you can find many modern apartment complexes.
- Tosmur: With a river flowing near the neighbourhood’s boundary, the area enjoys a cooler microclimate, making it ideal for those who do not tolerate heat well. The promenade offers shops, restaurants, bars, and other amenities. The local beaches provide a peaceful retreat, free from large crowds of tourists. The neighbourhood also offers stylish apartments with sea views.
- Mahmutlar: A picturesque location with well-developed infrastructure and efficient transport links. It has all the essential social facilities, such as schools and hospitals, as well as beaches and popular leisure and entertainment venues. Local housing is in demand among both expatriates and tourists. The area is undergoing active development, with premium-class apartment complexes being built.
- Kargıcak: The neighbourhood offers everything necessary for daily life, from shops, schools, hospitals, and pharmacies to restaurants, a water park, beaches, and a beautiful promenade lined with orange trees. A well-developed public transport system allows easy access to any part of the city. The local real estate market includes townhouses, sea-view villas, and apartments in complexes with hotel-style amenities.
- Avsallar: A resort neighbourhood that was formerly a town, Avsallar offers excellent living and tourism conditions. The area is home to numerous shops, restaurants, schools, hospitals, pharmacies, and parks. Residents can easily move around the neighbourhood thanks to good transport links. Buyers can choose from a wide range of apartments, villas, and hotels.
Residence permit in Turkey by buying property in Alanya
The average cost of property in Alanya is USD 150,000, with a minimum investment of USD 200,000 required to obtain a residence permit. To become a resident, a foreigner can purchase one or more properties. The residence permit is valid for 2 years and can be renewed for the investor and their family members as long as they retain ownership.
Foreigners interested in citizenship can obtain it through naturalisation after residing in the country with a residence permit. There is also an option to immediately acquire Turkey citizenship by investment in real estate valued at USD 400,000 or more.
Investment real estate in Alanya
Key factors driving the high demand for properties in Alanya for investment purposes:
- Developed tourism sector. The long coastline with well-maintained beaches, coupled with numerous leisure and entertainment facilities such as restaurants, bars, and water parks, makes the city a popular tourist destination. Many foreigners seek to rent real estate in Alanya during their holidays.
- Affordable prices. Real estate prices in the city are relatively low compared to other popular European holiday destinations. Foreigners can acquire premium and luxury property for sale in Alanya on favourable terms.
- Profit from resale. The cost of apartments and houses in Turkey is rapidly increasing. In August 2024, property prices in Alanya rose by an average of 140% year-on-year.
- High rental demand. The city’s popularity among tourists and expatriates ensures high demand for rental properties. The average rental yield reaches 5.17% per annum. One-bedroom apartments are among the fastest to generate returns.
FAQ
Syrians, Armenians, Cypriots, Cubans, the Taiwanese, North Koreans, and Eritreans are prohibited from purchasing houses and apartments in Turkey. Citizens of other countries are permitted to buy any type of real estate, except properties located near military infrastructure and land plots exceeding 30 hectares.
Additionally, there are special rules for citizens of certain countries. For instance, Russians are prohibited from owning real estate located on the Black Sea coast.