Alanya secondary real estate market
In the minds of many of us, a “resale” is a dull room without renovation and with old communications. In Alanya, things are much better in this market. Why secondary real estate in this city is worth investing in, and how to find a profitable option - let’s figure it out together!
Key trends – how can you save money?
Alanya is currently experiencing a construction boom - new residential complexes are being built at the speed of light. But the prices from the developer are sometimes too high. It's time to pay attention to the secondary market, where there are no less offers.
The main advantages of secondary housing in Alanya:
- the cost is several times lower than that of new facilities;
- there is an opportunity to find a “resale” property with good repairs and high-quality communications;
- well developed infrastructure;
- discounts from the basic price;
- The paperwork process on the secondary market is much simpler.
Let's look at each aspect in more detail to understand the prospects and trends of the local market.
How much to pay?
When choosing real estate abroad, many people think that it is a very expensive pleasure. Indeed, there are countries and cities in which prices for apartments and houses are very high. But Alanya is still one of the destinations where you can still find inexpensive options, which in a few years will increase significantly in terms of cost. Thus, an apartment from the owner on the secondary market with excellent renovation and in a house built 2-3 years ago can cost from 600 euros per 1 sq. m. m. It is understood that we are talking about housing with fresh and high-quality renovation, in a good area and with excellent prospects for investment.
Secondary: how does it work?
Typically, apartments and villas are sold with built-in appliances and completed finishing - all that remains is to move in. Among the popular areas where housing is now actively sold in Alanya, we can highlight Konakli, Avsallar, Cikcilli.
When choosing secondary housing, it is important to consider that in some areas of Alanya there are restrictions on the height of buildings. Thus, Damlatash, Kestel are prohibited by law from erecting buildings higher than 5 floors. More detailed information can be obtained from a real estate agency - specialists know exactly all the nuances and will help you find the right option.
Everything is nearby!
In areas with new buildings, development can take years. If a kindergarten or school is needed right now, housing from a developer will not always be a profitable option. Pay attention to the secondary market, because here the infrastructure has already been formed, and therefore, there will definitely be educational institutions, large supermarkets and shopping centers, shops, and clinics nearby.
By the way, many secondary properties are supplemented with swimming pools, gazebos, and parks. There is video surveillance in the courtyards and landings, technical support services for the building and apartments are offered, including the elimination of major breakdowns, and a concierge is available.
You can always agree!
In Turkey, you can bargain not only in colorful bazaars, but also when buying real estate. Developers are usually reluctant to do this or do not agree to reduce the price at all. And the owners of the secondary market are more open to the buyer. However, even here you will need to enlist the support of a trusted local real estate agent in order to avoid falling for scammers.
Attention to documents!
Read the purchase and sale agreement carefully. Despite the fact that registration of real estate ownership for a foreigner in Turkey is simplified, it is important to ensure the legality of the transaction, protecting your interests as much as possible. You can always enlist the support of a professional agency, whose employees will help you choose an object and monitor the progress of concluding the contract.
Are there any disadvantages?
As with any other issue, they also exist. Wear and tear of plumbing fixtures, location of housing in a historical building that cannot be converted to your liking, remoteness of infrastructure - all this will not please the buyer. Even more important is to find out if the house is going to be demolished in the coming years. This applies to the old center of Alanya, where outdated architectural buildings can be partially remodeled or destroyed for the construction of new facilities.
Repair is another painful issue. Most often, new owners have to invest at least minimally in home improvement, and it’s still worth taking these costs into account, just in case.
With the right approach in Alanya, you have every chance of becoming the owner of a secondary property, which will be even better than a new building!
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