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Alanya Real Estate Market right now 2023-08-24

Updated: Sep 6, 2023


Alanya Real Estate Market right now 2023-08-24
Alanya Real Estate Market right now 2023-08-24

It seems that there have been significant changes in the real estate market in Alanya. In the past, sellers dominated the market, but now buyers have a stronger position. As a potential buyer, there are a few key points to consider:

  1. Pricing: Some sellers may still try to sell properties at prices that were valid during the previous market peak. However, it is essential to be aware that you should buy at the market price, not an inflated price compared to the previous year's market.

  2. Unplanned or ready-made structure: Due to the upward trend, there has been a surge in new construction projects, mostly undertaken by newly established builders. If you are interested in purchasing an off-plan property, it is crucial to work closely with a market expert who can guide you regarding the risks involved. While buying an off-plan property can be a good investment, it carries significant risks, so it's important to be fully informed before making a decision.

Regarding residence permits, it appears that many properties in Alanya are being sold to customers who plan to settle in Turkey for a long time and require a residence permit. Currently, the easiest way to obtain a residence permit is by purchasing a property. However, not all properties are eligible for this, as the residence permit quotas in some regions, such as Kargicak, Mahmutlar, Kestel, and Avsallar, have been reached. On the other hand, properties in Demirtaş, Oba, Cikcilli, or Alanya center can still be used to obtain a residence permit.


It is important to note that this situation can change at any time, and changes usually occur without prior warning. If you are trying to sell a property in an area where residence permits are still available, be cautious not to delay the sale, as the area might stop issuing residence permits in the future, which could negatively affect the property's price. Conversely, if you own a property in an area where residence permits are not currently issued, prices might be negatively impacted. If you are not in a rush to sell, you may consider waiting until the area starts issuing residence permits again, as prices are likely to rise.


It's worth acknowledging that predicting market trends in Alanya's real estate market is challenging due to various local, foreign, and international factors. Timing is crucial, but changes can happen quickly and without prior notice. Therefore, it's difficult to accurately predict future market trends. As a buyer or seller, it is vital to seek the guidance of market experts, use your instincts, and make well-informed decisions.



In summary:

1. Shift in Market Dynamics:

- Buyers now have a stronger position in the Alanya real estate market compared to sellers.

- Sellers may still try to sell properties at inflated prices from the previous market peak.


2. Consideration for Off-Plan Properties:

- There has been a surge in new construction projects in Alanya, mostly undertaken by newly established builders.

- When buying an off-plan property, it is crucial to work closely with a market expert to understand the risks involved.


3. Residence Permits and Property Prices:

- Residence permits are currently easiest to obtain by purchasing a property in Alanya.

- Not all properties are eligible for residence permits, as quotas may have been reached in some regions.



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