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Current Trend Of Antalya Property Market

3 February 2021
Current Trend Of Antalya Property Market

After Istanbul, the Antalya real estate market is the second most popular housing market in Turkey. Evidence is still in the official statistics released by Turk Stat, which is the country’s national statistics board. In 2018, nearly 8,000 foreigners bought apartments or villas or second hand property in Antalya, in the region from the bustling east of Antalya to Kalkan, a luxurious residential area.

Location overview

Antalya is on the Mediterranean coast of Turkey. Also known as the south coast, it is an important tourist destination, and many foreigners buy goods and live there all year round. It is easy to get on the D400 highway from east to west of the country or a state-of-the-art airport which is the best air travel destination. Antalya, Alanya, Kas, Kalkan, and Fethiye on the Turquoise Coast of Turkey are a unique and popular destination for miles of sandy beaches, luxurious hotels, many cultures, and delicious food in southern Turkey.

The popularity of Antalya as a holiday destination has led to the creation of new assets in the Antalya region and still attracts Turkish and foreign investors. You can find luxury villas in the district of Antalya, luxury apartments, informal development, and many investment opportunities. Indeed, if you want to invest in Turkish real estate, Antalya is a good place to start and for many reasons.

Antalya Property Market: Investment Reasons

1: Turkey's Strong Market

From budget apartments to millions of homes, buyers have a wide selection of homes to choose from second hand property in Antalya. Given Antalya's outstanding position not only in tourism but also in business, anyone looking at long-term financial growth has a lot of power.

But Antalya is not a place to rest. Look at any region, and local councils are constantly improving infrastructure, parks, and communication facilities. Future mega projects include the Konyaalti Bogacay marina and discussions are ongoing on cruise ship port and film studios.

However, if you are looking for a safety net for a high-end commodity market, Antalya is perfect because Turkish international audiences and foreign buyers second hand property in Antalya increase the chances of repaying your investment into hard cash.

2: Invest in a Mediterranean lifestyle

About 500 kilometers of coastline line includes some of the most beautiful beaches in Turkey that offer a variety of seaside cities, with villages such as the golf capital Belek, quaint Kas, the nostalgic side of city.

Three hundred days a year of sunlight also promotes an outdoor lifestyle, and Turk's insistence on a fresh, healthy diet reflects a lifestyle that is recommended by every doctor. Within the area, you do not need to search for anything.

The city center has some of the best shopping malls in Turkey; ultra-modern sailors' marinas, and an impressive transport network connects citizens with the rest of Turkey. Finally, in purchasing property and living expenses, Antalya offers the most affordable options available to most home buyers abroad prefer new and second hand property in Antalya.

Where can you buy goods in Antalya?

Each place offers something different and each place unique qualities and features that influence a buyers or investors to buy any kind of recent available properties like second hand property in Antalya. The questions you need to ask yourself are how much is your budget? Don't forget to include the purchase cost. Looking for a healthy 12-month-old city? Although Antalya is a year-round destination, some cities are quiet about the end of October.

Popular outdoor home buyers include

Konyaalti and Lara Beaches: Located in the center of the city, these two areas are the fastest places, but forget the urban way of life because they are also coastal areas. The result is that homeowners can access the door for all services including transportation, shops, bars, banks, and restaurants while they are able to return to the Mediterranean Sea for some treatment.

Alanya: Don't underestimate this city because it not only grows in tourism but also in business, its real estate business is growing as more and more nations see potential in the future. The portfolio of home goods sold in this multicultural area ranges from one-room apartments to large residences to second hand property in Antalya and all offer the lowest prices per square meter along the Mediterranean coast of Turkey.

Beleki: The reputation of this small town is centered on golf courses, but even if you are not a fan of the game, there is so much to enjoy. Over the years, it has grown into a small workshop with a variety of bars, restaurants, shops, and that beautiful seaside resort. In case you want to raise a note, the city center is just a short bus ride.

Kalkan: This beautiful seaside town is surrounded by luxurious mansions and high-rise buildings. It is hilly so people with difficulty walking will have difficulty but architects are designing homes to take advantage of the high terrain, so you get up every morning for a spectacular view of the Mediterranean Sea. There are six territories to buy, and these include coastal houses in the neighboring Konurluk and Kisla suburbs, which are a disgrace to any American royalty.

Buying Turkish Real Estate in Antalya

Once your funds are in place, the Turkish real estate process takes about two weeks from the home inspection to signing and signing of deeds.

Important key factors in the Turkish architecture sector

  • The real estate sector accounted for about 8.4% of GDP over the past decade. On the investment side, total FDI inflows were recorded at USD 10.8 billion in 2017, while the share of the real estate and construction sectors was USD 4.6 billion (42.9%).
  • The Urban Transformation and Transformation Campaign will cover 7.5 million residential units. The private sector contributes significantly to the program with a budget of US $ 400 billion.
  • According to the Knight Frank Global House Price Index, in rising annual prices, Turkey ranked # 6 in 56 places in the 3rd quarter of 2017.
  • With the abolition of the Reconciliation Act in 2012, the sale of goods to immigrants began to increase. In 2017 there was an increase in real estate sales in Turkey compared to last year, an increase of 22.2% and 22,234 houses sold to foreigners.
  • In terms of foreign housing sales, Istanbul ranked first with 8,182 sales in 2017.
  • The annual rate of increase in fully open space in the office market between 2010 and 2017 is approximately 12%.
  • More than 1.2 million square meters of office supply is under construction and by the end of 2020, the total value of office A is expected to reach an area of ​​7.1 million square meters.
  • The total number of operational shopping centers in Turkey is 401 units and the total area occupied by these shopping centers is 12.2 million square meters.
  • 4.2 million Square meters of easily accessible land at the 114 shopping mall in Istanbul, comprising 34% of the total open space of a shopping center in Turkey.
  • Istanbul is the 6th most attractive market in Europe, following London, Paris, Moscow, Milan, and Madrid, according to the JLL 2016 Cross-Border Retail Attraction Index.

Conclusion

As a real estate agent with a proven track record in the Turkish real estate market, this article can guide you through every step of the purchase process.

This recommends that you use an attorney to ensure that all precautionary and legal measures are in place and do not worry about the language barrier because, legally, you will use a certified translator. Contact us for a step-by-step description of what will happen when you enter the Antalya real estate market.

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