Houses with pools, orchards and amazing Mediterranean sea views are the best choice for vacation home buyers and an excellent investment. The rate of homebuyers in Turkey increases year-after-year and along with that so does the price of real estate. Summer Home company offers various exclusive elite, luxury housing and provides a free viewing tour.
Advantages of buying a house in Antalya
According to the Turkish Statistical Institute, in 2019 foreigners purchased 45,500 homes and apartments in Turkey, exceeding the figures of 2018 by 14.7%. If we look at the statistics by month, in February 2019 real estate sales increased up to 92 % in comparison with February 2018, which amounted to 3321 units being sold.
Most of the houses were acquired by Europeans in Antalya and Alanya. In 2019 sales increased to more than 26% in the same period of 2018. According to the experts and favourable market conditions, many purchases were made for resale in the future.
Despite the future crisis, the general economic policy of the country shows the possibility of acquiring property for the next 1-2 years. In changing economic conditions, the Government of Turkey for Development of the Economy is taking necessary measures, for example limiting price increases, reduction of credit rates, expanding exports and developing various industries etc.
The social sphere is rapidly developing year after year. In 2018, 40 new medical centres were opened in the country. Therefore in 2019, 25 thousand medical specialists from different countries were involved in the countries medical system. The education system also is transforming at the same rate. In this regard, the country is flourishing socially, which allows us to expand the tourism sector. For instance, over 40 million people visited Turkey in 2018. Among those who make financial gains from the flow of tourists and travellers are property owners in the resort areas of the country and especially in Antalya. Investment security is based on market stability, prices are rising evenly, and there is no reason for a sharp fall of prices on the real estate market.
According to analysts, the continued demand for Turkish property allows the real estate market to grow to amounts of $ 5 billion, which means the possibility of rapid sales growth. Turkish real estate is underestimated in comparison to other countries. The prices of real estate in Turkey have always been below those in European countries.
Antalya is characterized by:
- The mild subtropical climate, even in winter the temperature does not drop below + 15 ° C. The swimming season exceeds six months
- Pleasant environment in resort areas
- Well-developed infrastructure: great roads, shops, malls, medical and other centres, restaurants, convenient public transport
Turkey is a visa-free country for Europeans (up to 3 months), and they can visit whenever they wish, visiting friends or staying in their own houses.
Advantages of living in Antalya:
- Citizens of Europe can visit Turkey without a visa, but they cannot stay in the country longer than 90 days.
- If foreigners buy a property, worth more than $400,000they are automatically granted a residence permit which is easy to renew in the future. After five years, they can apply for Turkish citizenship.
- Real estate prices are low, but growing rapidly. Due to the high demand for rented properties and depending on the area, cost of ownership starts to pay off within 5 to 8 years.
- Medical centre services are much cheaper than in Europe; also, services of qualified specialists in local beauty salons are 2-3 times less expensive than in other countries.
- In Turkey, foreigners are allowed to do their own business. Registration of an IP takes no longer than one month.
- The public transport system is well developed in the city.
- Grocery stores are filled with a wide range of inexpensive quality products, mainly from local farmers and producers.
- It's easy to communicate with local people; foreigners who purchased houses haven't had any language difficulties with locals in Antalya.
What kind of property can be purchased
Antalya is taking second place to Istanbul in terms of sales of property.
Houses and villas offered for buyers are:
- Newly built villas with pool and garden, detached or on an area of residential complexes
- Houses under construction
- Property in the secondary market
Furthermore, in urban areas, you can buy apartments, mansions and commercial premises.
The best areas of the city for buying a villa
Each district of the city has different characteristics.
Dosemealti
This elite area has recently become part of the city, located near the national mountain park "Guluk" and the ancient city of Termessus at an altitude of more than 1000 metres at the south-west side of the mountain Solymos. The area is covered with pine forest and almost untouched by modern civilization. Well-maintained villas and small luxury residential complexes are being built nearby this area. The distance from the city centre is 15 km, airport - 30 km.
The area is renowned for its mild summer climate nestled in lush pine forests bringing a comfortable and soothing sense of relief in the summer months. Distance to the beaches of the Old Town and Konyaalti takes 20 minutes by minibus or bus.
The villas are distinguished by a large area with high-quality construction, original layout. There are pools, baths and courts on the area and around-the-clock security.
Konyaalti
Konyaalti is an expensive luxury area located to the west of Antalya near the Toros Mountains. There is access to a wide pebble beach. Konyaalti has a developed infrastructure, lots of entertainment and shopping centres, including the biggest "Migros" supermarket. The local real estate market is not only tied to luxury real estate - there is a wide range of property options.
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Belek
Belek is a young resort town on the Turkish Riviera; it is known for being very clean, white-sandy beaches surrounded by pine forests. It's an excellent place for families to spend time together. This area has been a tourist attraction since 1985. The infrastructure of the district is new, and there are few attractions in the area, but it is straightforward to get to other places and Antalya from here. Belek is famous for its golf courses and Troy Water Park.
Water park "Troy" in the resort of Belek
Lara
Lara is a fast-growing area with high buildings. There are many business centres and offices of large companies here. All styles of architecture are reflected in the villas and houses. The coastline is steep, and there are only a few cosy beaches. The airport is located nearby.
Kaleici
Kaleici attracts many investors since it's located in the historical centre of Antalya. Real estate in this area is always in demand. The city has the charm of antiquity. Mansions and cottages of the XVIII-XIX centuries are restored and are resold with significant profits. This place is for those who are interested in buildings and villas of classic styles of ancient times.
Kundu
Kundu is the new area of the city, which is actively being developed. It is located on the east side of the city. There are business centres with luxury hotels like "Mardan", "Venice", "Adam and Eve", "Rixos" etc. It is a profitable place to invest in commercial real estate because villas are an exception in Kundu.
Prices for villas in Antalya, Turkey
A home in a building is for temporary or permanent residence with standard living conditions. The villa is the same as the home, but with additional features implemented in it and also included:
- Better constructed and more comfortable
- Location, architecture and interior are essential
- City/province
- Swimming pool or other water features
- Terrace, garden, park
The approximate cost of villas located near the coastline:
- Belek, 200-220 m² - from € 225,000
- Downtown, 150-180 m² - from € 254,000
- Lara, 150-180 m² - from € 255,000
Estimated price for villas located far from the sea:
- Belek - from € 155,000 to € 650,000
- Kalkan - from € 485,000
- Konyaalti - from € 725,000
Factors affecting the price of villas are:
- The uniqueness of the location
- Year of construction
- Infrastructure, municipal and domestic
- Layout and decoration
- The surrounding landscape, etc
It should be noted that the price of each property is determined individually.
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Additional housing costs
One-time charges for the procedure of the final purchase and expenses for the maintenance of property which is relatively small, but with long-term ownership, it should be taken into account.
One-time expenses for property:
- The tax of ownership transfer 0.02% of the declared value, but not less than the indicated price on the inventory
- Compulsory insurance about - € 150
- Translator, notary and registration fee - 1-2% of the value of the property
- Stamp duty - 0.75% of the value of the property
In Turkey, annual property tax -is 0.1-0.3% of the cost of a housing unit's value and a municipal fee - 10% of the yearly tax. The average payout is about € 60-200.
Utility payments are gradually increasing to European levels, costs for one-room apartments will be € 60-80 per month and a villa with an area of more than 100 m² - from € 200—almost the same amount for pool maintenance - approximately € 2000 per year. If a pool is intended for all residents of an apartment building, then the cost of pool maintenance will be shared among residents.
"Summer Home" company will assist you in choosing a villa according to your preferences.