Almost 25% of all Turkish properties sold to foreigners in the last five years have been in Alanya, according to local paper Alanya Adres.
Quoting figures from the Turkish land registry, the paper revealed that of 88,900 properties purchased by 100,623 foreigners from 44 countries in the last five years, some 17,000 of them were in Alanya.
Brits and Germans were most prolific, with the British buying most. According to the data some 30,710 Brits bought 21,321 properties in Turkey in the last 5 years, while 21.678 Germans purchased 26.365 properties.
It is always great to get hold of data like this from Turkey. The last data we saw came in 2006, when we learned that foreigners had purchased 5,556 units in Antalya Province (of which Alanya belongs) as of June 1st.
According to another recent report from the Turkish General Directorate of Land Registry, Brits now own some 6 million square meters of Turkish land, totalling 32,000 properties.
Alanya is home to the largest population of British expats, and surprisingly it is a very immature market with respect exposure to the overseas property market.
This is because Alanya is 90 minutes away from the Antalya international airport. Those who move to Turkey needn't care about such a small distance from the airport, but for those only able to spend short amounts of time in their holiday home, this would make them consider destinations much closer to an international airport.
Now that the airport at Gazipasa, just outside Alanya has opened and is currently being expanded to accept international flights, it is expected that developers will increase their focus on developing Alanya to the same level as many other Turkish towns.
Given the clear pulling power of Alanya property clear pulling power as displayed above, this is a very exciting time indeed for the town.
Thanks to New Home in Turkey for bringing this report to our attention.
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