Villas in Alanya with residence permit
Villas and houses in Alanya attract buyers with a unique blend of favourable prices, comfort, a prime seaside location and the opportunity to obtain residency or Turkey citizenship by investment. Properties come in various layouts, with the most common options being:
- 3+1 (3 bedrooms + living room): An ideal layout for couples with 1-2 children;
- 4+1 (4 bedrooms + living room): Such an investing house in Alanya offers more space and comfort;
- 5+1 (5 bedrooms + living room): Perfect for large families or those who enjoy hosting guests.
Most of the houses are fully finished and either partially or fully furnished, equipped with modern amenities. Luxury properties may also feature private swimming pools, gardens, terraces for outdoor relaxation, staff rooms and garages or parking spaces.
A foreigner can buy a villa in Alanya in popular areas with well-developed infrastructure, such as:
- Kestel: A quiet place with low-density buildings, known for its ‘green’ spaces and proximity to the sea. Here, you can find modern houses for sale in Alanya, Turkey, offering views of the Mediterranean Sea and surrounding mountains;
- Mahmutlar: A favourite among foreigners, Mahmutlar combines excellent infrastructure with affordable real estate prices. Villas here are ideal for those who enjoy the comforts of city life while staying close to the beaches;
- Tosmur: A peaceful neighbourhood with well-maintained beaches. It offers villas for sale in Alanya surrounded by nature, just a short drive from the city centre;
- Oba: A prestigious area that balances comfort and privacy, with easy access to restaurants, shops and nearby beaches;
- Tepe: Situated in a mountainous area, Tepe provides panoramic views of Alanya and the Mediterranean Sea, perfect for those seeking tranquillity away from the main tourist routes.
House prices in Alanya start from USD 100,000, while the most expensive mansion can reach up to USD 16 million. The average cost of villas in Alanya is approximately USD 390,000. Property sizes range from 50 square metres for the smallest homes to 1,300 square metres for the largest. The average size is 250 square metres, which meets the needs of most buyers.
Residence permit in Turkey by buying a house in Alanya
The minimum investment required for a residence permit is USD 200,000. Foreigners can purchase one or more properties to qualify for residency, which is valid for two years. This permit can be extended as long as property ownership is maintained. After five years of residency with this status, you can apply for citizenship through naturalisation. Alternatively, immediate citizenship is available by investing at least USD 400,000 in houses and apartments in Turkey.
Investment house in Alanya
Buying villas in Alanya for investment can be lucrative for several reasons:
- Attractive cost: Compared to many European countries, villa prices in Alanya are more affordable;
- Stable market growth: The Turkish property market continues to grow, meaning that buying a home now can yield significant profits in the future. For example, from January - August 2024, the average value of villas in Alanya for investment and living increased by 145.48%;
- Favourable purchase conditions: Foreigners can buy an investment villa in Alanya at the initial stage of construction, with prices typically 20% to 30% lower than at handover. The primary market often offers interest-free payment plans with a minimum down payment. Many transactions can be conducted remotely, eliminating the need for personal presence in Turkey;
- Return on investment: Renting out a house in an attractive area of Alanya can provide a return of up to 5% per annum.
Additionally, the region is renowned for its mild Mediterranean climate, making it an ideal place to live or holiday year-round.