Antalya, which is known as the capital of tourism in Turkey, continues to be the center of attention of the whole world with its natural beauties and historical texture. In recent years, it is the most preferred city after Istanbul for foreigners to live and invest in Turkish citizenship. According to TUIK data, house sales to foreigners in Antalya doubled in 2022.
Here are the main reasons why foreign nationals prefer to buy real estate in Antalya:
Property Prices
Antalya real estate market is more dynamic than ever after the fluctuation in the exchange rate difference, which is effective in investor preferences. Real estate prices in the city, which is one of the most important holiday destinations in the Mediterranean, are now much more affordable than in other parts of Europe. In addition, hundreds of new homes are built each year and some are sold at much more affordable prices while they are still in the project phase. In the city, where detached villas with gardens and pools are popular, the rental income is quite high even though the housing prices are cheap.
Real Estate Portfolio Range
Although Antalya real estate market appeals to investors from all walks of life by offering a wide variety of alternatives, smart apartments with modern technology, ultra-luxury complexes and comfortable villas that can turn your whole life into a holiday are the most preferred real estates by foreign nationals to live or invest.
Investment Opportunity
Antalya, the heart of tourism investments in Turkey, also has a constantly developing housing market. Buying, selling and investing continues each season, which can present potential buyers with incredible opportunities. Not only housing, but also land investment is a very important option because you can sell the purchased land to construction companies for much higher amounts later on. If you are considering buying an investment house, you can evaluate projects at affordable prices and sell them for a much higher price once their construction is complete. It is even possible to make a profit by just renting out the house you bought. Especially for tourists coming from abroad, it is possible to earn serious profits by renting them in foreign currency. Opening a store in Antalya is another important investment.
Remember, the most important aspect of all these investment options is that the investment is made in tourism regions.
Enjoyable Lifestyle
Antalya, a Mediterranean city, is considered a metropolis that offers a pleasant lifestyle. Moreover, this big city is much more than an ordinary metropolis with all the natural beauties it offers in and around it, and countless activities. The fact that it is sunny 300 days a year is of course one of the many advantages of living in Antalya.
While many parts of the world are struggling with snow and rain, property owners in Antalya are swimming in the sea and spending time outdoors. The region’s wonderful year-round climate attracts retired expatriates, especially those who dream of a dream home that receives sun for months.
You can explore the rich history of the city by visiting historical monuments, ruins, theaters, museums and the old city center, or you can not only appreciate the magnificent beauty of the natural environment, but also evaluate the opportunities it offers for sports such as golf, swimming, diving, rafting, paragliding, skiing, and rock climbing.
A cosmopolitan region of Turkey, Antalya is home to many cultures, from Eastern Europeans to British, because it is home to one of the country’s largest ex-pat populations. Moreover, locals speak several languages such as English, Russian and German, which makes it easier for foreign owners to adapt to everyday life.
Turkey’s Most Beautiful Beaches
When the name of Antalya, the gateway to the Turkish Riviera, is mentioned, the first thing that comes to mind is of course the magnificent Mediterranean beaches. In terms of beaches rated by TripAdvisor users, Antalya is always one step ahead of the competition. There are many blue flag beaches in the city; Kalkan Beach, Cleopatra Beach, Damlataş Beach, Finike Beach and Moonlight Beach are the most popular ones. Also, Kaputaş Beach in Kaş is among the 40 best beaches in Europe. Moreover, these clear and warm waters of the Mediterranean provide opportunities for many water sports, but they have a special place in the hearts of diving lovers.
Impressive Transportation Network
Thanks to Antalya Airport, which is the country’s leading tourist airport and serves millions of domestic and foreign passengers every year, it is possible to commute to anywhere in the world. In addition, the famous D400 highway provides easy access to all parts of the country from east to west. With its impressive infrastructure, urban public transportation is also extremely useful. Antalya’s transportation network is considered to be one of the best in Turkey, making the city much more attractive to potential real estate buyers.
Cost of Living
Especially when compared to European countries, the cost of living in Turkey is lower. The current exchange rate makes living in Antalya even more convenient for foreigners. According to worldwide studies, the cost of living in Antalya for foreign nationals is below the average and the quality of life is above the average.
Of course, there are many more reasons to buy real estate in Antalya, but the exchange rate between the Turkish lira and other world currencies has been one of the most attractive reasons for different investors for a while.
Check out the GRAND Emlak Antalya real estate portfolio and/or contact our expert consultants for any questions you may have…
