Buying property in Alanya and Turkish Residency through Property Investment:
Alanya, a city in Antalya province, offers a plethora of investment opportunities for foreign citizens with its luxurious villas, residences, and beachfront apartments. Due to the rising demand for real estate in the city, property prices have witnessed a significant increase over the past two years. Despite this, the cost of Buying property in Alanya remains more favorable compared to Istanbul.
Property prices vary across different regions of Alanya. Mahmutlar is among the most affordable areas, while Oba is one of the most expensive neighborhoods to buy property. Additionally, factors such as property size, number of bedrooms, and the year of construction significantly impact property prices. For instance, in the Cikcilli district of Alanya, a 100-square-meter, two-bedroom apartment with a 15-year history would cost around 1,500,000 Turkish Liras. On the other hand, expect to pay a similar amount for a newly built 60-square-meter, one-bedroom apartment in the same area.
Acquiring property in Alanya stands as one of the most straightforward methods to secure Turkish residency. Alanya’s property prices are generally lower compared to Istanbul and Izmir, making it a preferred choice for many investors.