The Latest on the Antalya Property Market

The Antalya property market continues to offer amazing opportunities to investors. The burst in increasing properties for sale have gone hand in hand with the substantial drop in real estate prices, especially in the last few years.
Investors have captured opportunities in place of those golden years between 2004 to 2007...

Changing economic balances have brought along with it a selection of opporunities. Investment companies and investors have staked out distressed property owners and materialized new investments at extremely advantageous prices, especially in seaside countries.

Antalya, in this respect, offers its investors profitable opportunities. The Antalya market has shown these buying changes in parallel with the economic changes since 2004. While the table below shows us these realities, it also proves at the same time, that these opportunities truly exist .

According to this table, it shows a rise after 2004, followed by a drop, along with the opportunities in buying properties. Based on an interview with Mr. Mehmet Gunal, owner of Guvenc Construction, he states that, "The global crisis that hit throughout Europe and America, following the golden years, has no doubt affected the Antalya property market, but has become a new income resource for investors". Mr. Gunal continued to state that "along with the crisis, gave birth to buying opportunities, where property prices dropped 40 to 50 and as high as 66", notably from distressed construction companies"; and furthermore showing us that this is really the right time to invest, by saying "if this isn't the right time to buy, when is it?"

The Antalya real estate market is experiencing a busy time, more so in the last 12 months. The increasing interest in distressed properties, the attention to purchase cheap apartments in the city centre of Antalya, the facination to buy historical mansions in Kaleici, and the bargain prices on sea view properties in Alanya, shows the relevance in the current agenda of the Antalya property market.

The accelaration in the property market in the last 12 months has shown some busy days in Antalya, particularly after the month of March. Buyers are now having an easier time buying property with the suitable mortgage payments offered by the Turkish banks.
Mr. Gunal, of Guvenc Construction states that, "Mortgages provide easier opportunties for home buyers." "There never used to be a system like this before, you had to have the cash to buy, but things are much easier for people now"; and thereby making a call for investment to those who wish to buy property.