Reasons to buy a property in Alanya

1 - Quality / price ratio

Compared to other popular investment destinations, such as Spain, Portugal, the United States, Cyprus and Dubai, buying property in Turkey continues to represent very good value for money. Buying property in Alanya Turkey

The newly built properties of the Panorama Homes Network can be purchased for under € 50,000 and all are built to the highest standards.

Whatever your budget, when you buy a property with Panorama Homes Newtwork luxury is standard - beautiful marble or ceramic floors throughout, fully tiled bathrooms, modern fitted kitchens with granite countertops, a full range of built-in appliances and of course remote-controlled air conditioning in all rooms.

Please also note that the closing costs (or legal fees) associated with purchasing a property are also relatively low - allow around 5% of the purchase price to cover all legal costs (versus a minimum of around 12% of the purchase price). % when buying in Spain). Buying property in Alanya Turkey.

2-Cost of living

In other words, much cheaper than at home.

Electricity and gas, property tax, property maintenance fees, food and drink, public transportation, and basic necessities - all available at a fraction of the cost you would pay at home.

So, with much lower property rights and daily living costs, you have more money left to enjoy the many activities and social facilities available in Alanya.

Whether it's nightlife, premium cuisine, boat trips, scuba diving, or pony treks in the mountains, all of this (and more) is available in Alanya. Buy property in Alanya Turkey.

3-Turkish residence and citizenship

The government's open market policy means that almost anyone, regardless of country, can now buy property in Turkey (there are currently only 7 countries in the world whose citizens are excluded).

Currently, visitors entering Turkey on a tourist visa can stay for up to 90 days out of any 180-day period - those days do not have to be consecutive.

However, for owners who want to come and go as they please, we recommend the Turkish Residence. All foreign owners (and long-term renters) are eligible to apply for a residence permit.

This eligibility applies to everyone and does not depend on the value of the property or the applicant's home country - residency status means you can travel to and from Turkey without any restrictions (and negates the need for a visa).

All new permits are issued with a validity period of one year, renewable as long as the holder continues to own property in Turkey.

Costs vary depending on the country in which the applicant normally resides. However, as a rough guide, applicants will pay approximately $ 25 for the 1st month of residence and $ 15 for each month thereafter.

Thus, for a 2-year permit, these citizens would pay 380 US $ (payable in TL on the day of filing the application). In addition, there is a cost of around 150 TL for the actual license.

Persons applying for residency must be able to present a bank balance of $ 500 per month (or the currency equivalent) for each month of residency - therefore, a minimum balance of $ 6,000 for a one-year permit. :

In addition, all applicants under 65 must have a valid Turkish private health policy (not mandatory if over 65).

 Turkish Citizenship by Acquisition of Real Estate In September 2018, the Turkish government announced that the minimum investment amount would be reduced to US $ 250,000, 75% less than the previous minimum amount of US $ 1,000,000.

The move means that Turkish citizenship through the real estate investment program is now one of the most profitable in the world - furthermore, it is also one of the most effective, with citizenship being granted within 2 months of request.

Citizenship will apply to the owner, their spouse and any child under the age of 18. As part of our standard after-sales service.

Generate income from your investment

There are significant investment opportunities when buying property in Turkey and Alanya in particular.

The fact that Alanya attracts so many tourists means that rental demand is evident throughout the year and as a result the buy-to-rent market is thriving.

Each year, several thousand tourists seek private rental accommodation in favor of the standard all-inclusive 4 or 5 star hotel. There tenants are looking for high quality apartments, close to the beach and all amenities and with good on-site facilities.

As all of the Panorama Homes Network properties meet all of the above criteria, our rental properties are in high demand - those that are made available (by the owner) on a long term basis have an average occupancy rate. about 80%! (and an average net rental yield of between 5 and 7%).

In addition to rental income, lifestyle buyers and investors can expect good capital appreciation of their property - property prices in Turkey rose 9.8% in 2018 and a

mind-boggling 65% in the 5-year period 2013 - 2017.