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The Second Home Market in Alanya

Historically, the second home market in Alanya has been sustained by those that first discovered it as a tourism destination – as a result, the majority contingent of its foreign owners comprise those that herald mainly from northern and western European countries, including UK, Sweden, Norway, Germany, Netherlands and Russia.

These countries still dominate in terms of numbers of both incoming tourists and second home buyers. In recent years, however, due to a shift in tourism marketing and an amendment to the laws of property ownership, Alanya now attracts many more visitors and subsequently, second home owners from countries further afield. These days, Alanya is not only the single most important tourist resort in Turkey (accounting for around 10% of all Turkish tourism revenue), it also accounts for around 16% of all property sales to foreigners.

Since being discovered as a second home destination, the majority of purchases have been ‘lifestyle’ motivated; in recent years, however, we have seen an increasing number of purchases on a ‘buy to let’ basis and these buyers now account for around 30% of all new business. The foundation for the second home market is primarily tourism based and the same applies to those looking to derive an income through rental.

The wider world is finally realising that Alanya has so much stacked in its favour – with its fabulous climate, stunning natural beauty, low cost of living, a superb choice of quality residential property and a friendly local welcome, it is no surprise to find that around 45.000 foreigners have chosen to buy a property here. Alanya is now a truly multi-national resort town with a foreign ownership contingent that originates from 81 countries, with many of these owners living here all year round.