Attractive Antayla, the fastest growing city in Turkey rests majestically on a limestone plateau in an area rich with verdant cultivated areas filled with citrus fruits, bananas, deeply scented pines and armies of palm trees. This is a city steeped in historic remains with ancient city walls and impressive Ottoman mosques. On top of this wealth of history and culture there is the attractive old harbour, the architecturally amazing old town and an abundance of beautiful beaches, restaurants and good nightlife. In this Mediterranean paradise it is easy to comprehend why Antalya has become the most sought after location for foreign buyers.
A Haven for Property Investment
Buyers from all over the globe have been snapping up property in this coastal paradise; international buyers come from as far afield as Brazil and the Philippines but it is the ever-savvy Germans who lead the way owning 6,645 properties and parcels of land in the area. Brit buyers come a close second with around 5,153 properties followed by Danish, Dutch and Norwegian buyers. Prices have risen in the area by up to 30% over the last few years, yet there are still plenty of affordable bargains left with a two bedroom semi-detached villa costing as little as 45,000 Euros and luxurious three bedroom new-builds, with sea views costing around 90,000 Euros.
Property Prices
The variety and choice of property available in this area is excellent with everything from off plan studio apartments to luxurious, mansion-like villas with walled gardens and enormous, private pools. Apartments start at around 38,000 Euros for a two bedroom apartment near Konyaalti beach, a popular area under development where buyers will find a range of complexes offering facilities like saunas and fitness centres, large pools and children’s play areas as well as personal Jacuzzis. An apartment in the city centre starts at around 60,000 Euros with prices continuing upwards to around 200,000 depending on size and location. Antalya town offers something for every price range with luxurious villas starting at 100,000 Euros for a three bedroom detached villa on a gated complex rising gradually upwards to prices in excess of 400,000 Euros for pure luxury. A little further afield you can purchase golf property around one of Antalya regions popular golf courses. Prices for a new three bedroom villa with sea views and a communal pool start at around 150,000 Euros.
Rental Incomes
The short term rental market has lots of potential during the summer season and there are a host of management agents and internet listing sites, which can help you maximise your rental income. Rental fees range from 550 Euros a week for a three bedroom villa with a pool to around 350 Euros a week for an apartment in a well serviced complex. Real estate specialists, propertyturkeyforsale.com (www.propertyturkeyforsale.com) are offering a guaranteed 6% on an investment of just over 50,000 Euros with a guaranteed buy- back programme. Long term rental leases are available if you have property in the centre of the town as there is a large academic community here.
Reasons to Buy in Antalya
The fact that this city is growing at a rapid rate is more reason than enough to show that this is an area with great potential. It is easily accessible with its own International airport, which caters for a large number of charter flights from Europe and many scheduled domestic flights from Istanbul. Additionally, Antalya offers more than just a beach existence with all the basics like schools and hospitals as well as shopping malls, restaurants, bars and a vibrant nightlife. The cost of living is so much cheaper than in Western Europe so pension money for example goes that much further. The city has many ancient remains as does the surrounding area making this town more than just another beach resort. Buying property in Antalya therefore means that you are not just tied to endless weeks on the beach; there are plenty of golf courses in neighbouring Belek and the town has its own marina. Tourism is set to grow significantly in Turkey according to the World Travel and Tourism Council. With Antalya being the most popular town on the coast at the moment and with increased government spending to develop the travel and tourism industry, this place will go from strength to strength.
