Apartments and flats for sale in Mahmutlar

Apartments in Mahmutlar with residence permit

Apartment prices in Mahmutlar are relatively low compared to other areas of Alanya and many regions of the country. Currently, its territory is actively being built up with new complexes. The internal infrastructure of premium and elite projects may include such amenities as swimming pools for adults and children, gyms, open-air sports grounds, saunas and recreation areas with free Wi-Fi. The value of studios, apartments and penthouses in the under-construction complexes increases as work is completed.

The small resort area is characterised by beautiful nature, mild climate, good transport links, rapidly developing infrastructure and a large expat community. It is located on the Mediterranean coast, surrounded by mountains and coniferous forests. Apartments and flats in Mahmutlar are sought after by overseas buyers looking to make a return on investment, relocate permanently or holiday on the coast. The most sought after properties are those close to the beach.

As with all flats and villas in Turkey, the cost of local housing depends on factors such as location, number of rooms, area, availability of finishes, furniture, appliances and amenities, as well as the stage or year of construction of the building. The area has only recently started to develop, so there are virtually no old flats for sale in Mahmutlar, all secondary housing is relatively new.

Residence permit in Turkey by buying an apartment in Mahmutlar

Foreigners can buy an apartment in Mahmutlar or any other type of property in Turkey to obtain a residence permit for themselves, their spouse and close relatives. The minimum investment threshold for participation in the programme is $200,000. It is allowed to purchase one or more properties whose total value reaches this amount.

After fulfilling the investment conditions and submitting the application together with the package of required documents to the immigration service, the residency procedure will begin, which usually takes about 1–3 months. If approved, foreigners receive an ikamet, an identification card confirming their right to reside in the Republic for 2 years. The residency status can be extended an unlimited number of times as long as the programme participants retain ownership of the property.

After 5 years of residence in the republic, residents can apply for citizenship in Turkey by naturalisation. There is also a shorter way to obtain a passport. Foreigners can apply for Turkey citizenship by investment of $400,000 or more in real estate.

Investment apartment in Mahmutlar

The attractiveness of apartments in Mahmutlar for investment is due to its popularity among expats and tourists. The development of the transport infrastructure, the opening of new leisure and recreational facilities and easy access to landscaped beaches are all contributing to the rise in property values. In August 2024, the average local house price increased by 14.04% year-on-year. This means that owners can look forward to resale profits in the long term.

Investors interested in short-term capital gains are advised to look at under-construction complexes. At the stage when the building is commissioned, the cost of apartments for sale in Mahmutlar increases by an average of 30% from the moment of launch.

Many tourists and expats are keen on renting flats in the area. The average profitability of rental housing is 4.3% per annum. The closer the property is to the beach, the more income it generates.

The most profitable strategy is daily rentals of an apartment in Mahmutlar, Turkey, but owners who choose this strategy must devote a lot of time to finding and settling in new tenants, as well as repairing and cleaning to keep the apartments in good condition. For a small percentage of the income, these duties can be delegated to the professionals of a property management company.