Alanya Real Estate Prices and Demand May 2024 Update

Overview:

• Prices: Alanya real estate prices have been on an upward trend since 2022 and continue to rise in 2024. The average price per square meter is 48,000 TL.
• Demand: Demand has decreased slightly since the last months of 2023, but is still high.
• Rents: Rents also continue to rise in 2024.

Prices:

• Average: The average price per square meter for apartments for sale in Alanya is 48,000 TL.
• Neighborhoods: Prices vary by neighborhood. Prices are higher in popular neighborhoods like Mahmutlar, Oba, and Tosmur, while more affordable prices can be found in neighborhoods like Konaklı, Kestel, and Avsallar.
• Number of Rooms: Prices also vary by number of rooms. The average price per square meter for 1+1 apartments is around 40,000 TL, while this price can go up to 60,000 TL for 3+1 apartments.
• Year: Prices also vary depending on the year of construction of the apartment. Prices are higher in new buildings, while more affordable prices can be found in older buildings.

Demand:

• Domestic and Foreign Buyers: Real estate demand in Alanya comes from both domestic and foreign buyers. In recent years, there has been a growing interest from foreign investors.
• Second Home Purchases: A significant portion of homes in Alanya are purchased as second homes.
• Rental Housing: The demand for rental housing in Alanya is also quite high. Finding a rental apartment can be difficult and expensive, especially during the tourist season.

Rents:

• Average: The average price per square meter for rental apartments in Alanya is 180 TL.
• Neighborhoods: Rents also vary by neighborhood. Rents are higher in popular neighborhoods like Mahmutlar, Oba, and Tosmur, while more affordable rents can be found in neighborhoods like Konaklı, Kestel, and Avsallar.
• Number of Rooms: Rents also vary by number of rooms. The average price per square meter rent for 1+1 apartments is around 140 TL, while this price can go up to 240 TL for 3+1 apartments.

Summary:

• Real estate prices and rents in Alanya continue to rise in 2024. The average price per square meter is 48,000 TL.
• Demand has decreased slightly since the last months of 2023, but is still high.
• Prices, demand and rents in Alanya are also above the Antalya average.

 

Remember: This information is average values ​​and may vary for each apartment. It is important to do your research and consult with experts before making a purchase or rental transaction.