Alanya is an important beach resort city in Turkey. You can find it in Southern Turkey in the Antalya province, where it is a district. Alanya is towards the eastern part of Antalya – about 133 kilometres away. The general population of the city is about 98,627 people.
About Alanya, Turkey
Alanya has a cool and relaxing Mediterranean climate. The district also comes with various historical heritage sites and numerous natural attractions. This is why many tourists flock to the region. Alanya is responsible for about 10% of the total revenue from the tourism sector of Turkey. The region is also responsible for 30% of foreign real estate investment in Turkey. Since 1958, Alanya has witnessed a steady rise in tourist activities. This has contributed to the population of the location. Alanya plays host to various cultural festivals and sporting events.
Alanya is in the Antalya province and it is responsible for almost 70% of the foreign home purchases in the province. The city is also responsible for about 30% of the total home purchases in Turkey. Real estate property investors and buyers in the region are usually private individuals. But there are also few investors.
The Economy Of Alanya, Turkey
Alanya has a thriving tourist industry that is valued at just over a billion Euros per annum. Alanya is a principal industry in the overall Turkish tourist industry. This area is very popular for its farms. But it is the real estate industry of Alanya that steals the show. The local real estate industry of Alanya witnessed a significant boost in 2003 when foreign investment restrictions were lifted. Since then, the real estate and housing industry in the area has witnessed a considerable improvement. The profitability of the local real estate area in the city has increased massively. So far, the city has witnessed the construction of various private housing units and condominiums. In Alanya, the main users of property are part-time residents from Asian and European countries.
Real Estate Development Restrictions
Alanya has various restrictions in place when it comes to property development. The city has a building height limit of 6.5 metres (21 feet). Also, high-rise hotels should only be located on the west and east sides of the city. This is meant to preserve the appealing central skyline of the city. The outskirts of Alanya have witnessed massive expansion due to the activities of modern property developers.
Buying Real Estate In Alanya Turkey
Alanya is one of the best cities that you can find around the Turkish Riviera and features a lot of opportunities for home-buyers. This area of the country is full of natural and tourist attractions. It is indeed one of the best locations to shop for and invest in real estate in Turkey. The city is full of holiday homes and hotel-like residential properties. There are various benefits when buying real estate properties in Alanya. When it comes to buying real estate properties in Alanya, you can easily get the following benefits:
Alanya has various top-notch real estate properties that you can buy for $60,000 or less.
Alanya has an extremely diverse real estate market that features commercial properties, villas, apartments, private houses, lands, and so on.
Alanya have plenty of colorful and unique neighbourhoods to buy premium properties.
it is very lucrative and pays in the long term when you buy property in Alanya.
Alanya is one of the best real estate investment cities in Turkey.
Alanya have low living costs the city is easily affordable for students, ex-pats, and so on.
Alanya is easily accessible from moist parts of Turkey.
The city is home to top-tier transportation systems.
Alanya features a city that offers residents hundreds of fun activities.