Property in Mahmutlar with a residency permit
Properties in Mahmutlar for investment or personal use are highly sought after by foreign buyers. Purchasing residential or commercial real estate in one of Alanya’s most popular neighbourhoods can provide profits through capital growth or rental income, as well as offer the opportunity to obtain a residence permit or Turkey citizenship by investment.
The area features modern complexes with sea views and well-developed internal infrastructure, including pools for adults and children, sports facilities, 24/7 concierge services, and security. Available housing options include studios, apartments with varying numbers of bedrooms, and penthouses. The neighbourhood also has a limited number of luxury villas with private pools and gardens.
The cost of property in Mahmutlar depends on the type. Private houses are generally more expensive than apartments. Other factors influencing pricing include:
- Location: the closer the property is to the beach, the higher the price.
- The year the building was constructed.
- The number of rooms and floors.
- The presence of furnishings, fittings, and appliances.
- Available amenities.
Residence permit in Turkey by buying property in Mahmutlar
Foreigners have the right to apply for a residence permit in Turkey through real estate investment of at least USD 200,000. Investments can be made in one or more properties. The programme allows the purchase of both residential and commercial premises.
The investor may include family members in the application. The residence permit processing takes about 1 to 3 months. Upon approval, applicants will receive an ikamet—a plastic ID card granting the right to reside legally in the country. The card is valid for 2 years. Residents can extend their status for as long as they retain ownership of the property purchased under the programme.
After 5 years of residence in the country, foreign nationals can apply for Turkish citizenship through naturalisation. Investors wishing to obtain a Turkish passport sooner must invest at least USD 400,000 in real estate. Turkish law recognises dual citizenship, meaning applicants will not be required to renounce their original nationality unless required by their home country.
Investment real estate in Mahmutlar
Many investors choose to buy property in Mahmutlar for the following reasons:
- Strategic location. The neighbourhood is 12 km from the city centre, approximately 30 km from the international airport, and 140 km from Antalya. This makes it one of the leading tourist destinations in the region, so real estate in Mahmutlar is highly sought after by both buyers and tenants.
- Developed infrastructure. The neighbourhood offers numerous schools, education centres, nurseries, supermarkets, restaurants, and other essential facilities for comfortable living and recreation. The efficient public transport system provides easy access to all parts of the city.
- Well-maintained beaches. The coastline, with fine sand and clear water, is regularly awarded for cleanliness. Real estate near the beaches is the most in-demand in the local market.
- Attractive pricing. Property prices in Mahmutlar have risen by an average of 30.84% over the past 2 years, as of Q2 2024. Still, properties in this neighbourhood are often 10–20% cheaper than in the centre of Alanya, attracting investors seeking affordable options and long-term capital growth.
- High rental demand. The developed tourist industry ensures a strong and stable flow of tenants. The average rental yield in the area is 4.3% per year. Homes with easy access to the coast and popular leisure spots generate the highest returns.
FAQ
There are only a few restrictions on foreign buyers in Turkey:
- Syrians, Armenians, Cypriots, Cubans, the Taiwanese, North Koreans, and Eritreans are prohibited from purchasing real estate;
- Russians can invest in any property except those on the Black Sea coast;
- Foreign nationals cannot own land exceeding 30 hectares or real estate located near military facilities.
In all other cases, foreigners can buy any type of real estate, from land and commercial premises to houses, townhouses, and apartments in Turkey.