Investment Property in Alanya

Investment Real Estate in Alanya

Investment Property in Alanya
Investment Property in Alanya

Alanya property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Alanya .

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Search Map of Alanya Investment Real Estate

Alanya (; Turkish pronunciation: [aˈɫanja]), formerly Alaiye, is a beach resort city and a district of Antalya Province on the southern coast of Turkey, in the country’s Mediterranean Region, 133 kilometres (83 mi) east of the city of Antalya. As of Turkey’s 2010 census, the city had a population of 98,627, while the district that includes the city and its built-up region had an area of 1,598.51 km2 and 248,286 inhabitants.

Because of its natural strategic position on a small peninsula into the Mediterranean Sea below the Taurus Mountains, Alanya has been a local stronghold for many Mediterranean-based empires, including the Ptolemaic, Seleucid, Roman, Byzantine, and Ottoman Empires. Alanya’s greatest political importance came in the Middle Ages, with the Seljuk Sultanate of Rûm under the rule of Alaeddin Kayqubad I, from whom the city derives its name. His building campaign resulted in many of the city’s landmarks, such as the Kızıl Kule (Red Tower), Tersane (Shipyard), and Alanya Castle.

The Mediterranean climate, natural attractions, and historic heritage make Alanya a popular destination for tourism, and responsible for nine percent of Turkey’s tourism sector and thirty percent of foreign purchases of real estate in Turkey. Tourism has risen since 1958 to become the dominant industry in the city, resulting in a corresponding increase in city population. Warm-weather sporting events and cultural festivals take place annually in Alanya. In 2014 Mayor Adem Murat Yücel, of the Nationalist Movement Party unseated Hasan SipahioÄŸlu, of the Justice and Development Party, who had previously led the city since 1999.

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The financial stability of Alanya has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Alanya

Renting out your Alanya buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Alanya are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Alanya and be prepared to change your initial outlook.
  • Thoroughly research the Alanya location with a special emphasis on fringe areas outside the main Alanya metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Alanya.
  • Ensure that your target investment property in Alanya appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Alanya properties yourself is an easy option, but are these savings justifiable when you run into Alanya red tape? Physis Realty Alanya office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Alanya buy-to-rent sector.

With our expert guidance, investing in Alanya provides the secure knowledge that your money is working harder than it would in a local Alanya bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Alanya, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Alanya property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Alanya

Flipping property in Alanya

Flipping property is when we advise clients to buy a Alanya property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Alanya market has a time to react to the renovation.

The Flipping Strategy in Alanya

Investment property flipping in Alanya is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Alanya real estate investments are sometimes referred to by professionals as ‘distressed’ Alanya real estate.

What is distressed Alanya property:

  • Alanya property in need of renovation
  • Alanya real estate with a change of purpose and use
  • Oversold Alanya property
  • Bank repossessions in Alanya

Put simply, long term investors in Alanya purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Alanya investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Alanya property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Alanya use a minimum profit value of 22% when looking at potential Alanya projects. The reason for this is because there are lots that can go wrong in Alanya property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Alanya

For luxury property investors hoping to add a superb property in Alanya to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Alanya, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Alanya should be entrusted to only the highest-quality agency.

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