Foreign buyers snap up Antalya property

old town Antalya

Antalya's popularity with foreign property buyers has reached an all-time high.

Foreign buyers bought 6257 homes in Antalya during the first nine months of the year, a 19% increase on the same time last year.

Antalya property buying reached a peak in July, when 850 units were sold.

Last year, foreign buyers accounted for almost 8000 Antalya property sales - a huge jump from 2013, when sales to foreigners stood at 5548.

A well-connected, prosperous hub

There are a few reasons why the bustling Mediterranean city is so popular with foreign buyers, Property Turkey director Cameron Deggin says.

"Antalya has always been a target for investors and holiday home buyers," Deggin said. "It's well connected, it's prosperous, it's a hub for young people which draws investors."

Due to its geography - sandwiched between mountains and sea - building opportunities are finite in the city. Which is good news for investors worried about oversupply affecting prices.

And, he adds, there's lots to do there. 

"Beaches, yes, of course. But there's also world-class museums, great restaurants, art galleries - it's a world class city."

Lately, there's been another draw, Deggin says, and that's Turkey's citizenship by investment programme.

"Now, for just US$250,000, you not only get a great Turkish holiday home, but the right to come and go to and from the country as you please." 

The lira has stabilised after a rocky couple of years, but prices remain low enough for investors to take advantage of currency differences, he says.

And where do they go? 

"Russians tend to head to Beldibi and Kemer, and Germans go to Antalya," Deggin says. "The British, who are well and truly back, buy property in Kas, Kalkan and Side."

This year, the number of properties sold to foreign buyers is expected to top 10,000. 

"I'm not remotely surprised," Deggin says. "It's a great little city and it's wonderful to see it gain international popularity."


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