Alanya Property Turkey Benefits from Buyer Research; Showing its Strengths
Alanya property Turkey is benefiting massively from the type of overseas property buyer that the downturn has given birth to.
Turkish property has remained popular during the international crisis, largely because of the country’s rising popularity as a tourism destination, and because Turkish property was not overvalued, and remained good value for money – in fact Turkish property became even better value for money as the euro strengthened against the pound.
Alanya is benefiting from the downturn, because, having seen how easy it is to lose money on property for various different reasons, today’s buyer is doing extensive research on their own behalf before committing to a purchase.
This puts Alanya in a strong position, because the buyers quickly find out it has a lot of strengths and very few weaknesses.
The main reason people lost money on properties, in the respect of depreciation, was overdevelopment. Alanya is one of the least developed coastal resort towns in Turkey.
The people who have already bought in Alanya and who buy in the near future, will likely see appreciation on the capital value of their property within 3 years.
This is because, tourists to Alanya, property owners and otherwise have had to travel for about 90 minutes after arriving or to leave via Antalya airport. But the Alanya airport at Gazipasa is expected to be fully operation and internationally serviced from next year. This could potentially add value to properties in Alanya and the surrounding area, and will almost certainly increase rental occupancy of Alanya properties.