Alanya is a cosmopolitan city in Turkey, probably most popular amongst the Americans and Europeans who easily buy villas here due to the presence of a sunny weather along with a high availability of beaches owing to the beautification of the country which is known as such. Alanya has lots of Villas that can either be used for living or leased out for investment.
So if your goal is to buy a villa in Alanya, then this guide will assist you in doing that. Some of them are useful tips, frequently asked questions as well as simple procedures for the purchase of Alanya villas.
Due to the fact that they have a close location to the Mediterranean sea, such villas are likely to have an amazing sea view and be only a walking distance away from the beach. The cost of building a villa in Turkey is way less than constructing one in the United States or in Europe, and with a reasonable price, it's possible to acquire a premium version of a house. By doing so, you'll be able to make money out of it by leasing or renting it out to tourists in return. Alanya is a preferred spot during holidays and hence the demand is pretty high.
Tips for Buying a Villa in Alanya
Different neighborhoods should be scouted. Areas like Tepe and Kargicak are well known for their high class villas. Identify how much you are willing to invest. Prepare yourself for extra costs such as taxes and fees. Approach a local Realty Broker. This enables you to get good properties and saves you from getting conned. Make a trip to the villa or do a virtual tour. See whether it satisfies your requirements and its general upkeep. In Turkey foreigners can buy properties. But a Turkish tax number and legal documents are required. Here are some steps to buy a villa in Alanya:
- Find the right property. Choose a villa that meets your needs and budget.
- Make a deposit: Pay a deposit to reserve the villa. The amount is usually 5-10% of the price.
- Sign the contract. Review the contract with a lawyer. Make sure all terms are clear.
- Get the title deed (Tapu). The Tapu is the official document proving you own the villa.
- Pay extra fees. Pay taxes, notary fees, and transfer fees.
These are about 3-5% of the property price.
A Real-Life Experience of Buying a Villa in Alanya
I am constantly thinking about my next investment and plan on buying a villa in Alanya located in Turkey. Having somehow accomplished a dream of owning a villa with the help of an agent, one of the most painful processes of buying real estate was smoothened out. While my initial view of the agent hired was negative, the agent became useful when I needed to choose an investment first then followed by legal consultations on how to support the investment. Ended up buying a beautiful villa in Kargicak, the agent provided me all the help and documentation that I needed so that within a few weeks I was able to secure my title deed (Tapu) smoothly. Using the word ordinary to describe the sun rising with this backdrop will feel like a massive understatement. Renting it out during the tourist season seems fit as a casual cold plunge.
Common Myths About Buying Villas in Alanya
It is not possible for foreigners to own property in Turkey. This is a misconception that is quite common. In Turkey it is possible to acquire Villas without any inhibitions. Another contention is that it is compulsory to get Turkish citizenship before getting a villa. Not true either. In order to purchase real estate in Turkey, one does not require Turkish citizenship, however, if one buys real estate that is $400,000 or more, he/she would be eligible for naturalization. Some even think that it is overly complex to buy a villa in Turkey. On the contrary, with the support of a true agent and a lawyer, it is simple and quite straightforward.
