Alanya Property Market Update: Central Bank’s Surprise Rate Cut Brings Real Estate Back Into Focus

📉 Interest Rate Shift Sparks New Wave of Investment
After nearly two years of historically high interest rates that kept investors away from real estate, the market may finally be entering a turning point. In its September policy meeting, the Central Bank of the Republic of Türkiye (CBRT) shocked markets by cutting its benchmark interest rate by 250 basis points, lowering the policy rate to 40.5%.

This move went beyond market expectations and signaled a strong commitment to reviving economic activity. Although experts agree that reducing rates too quickly could create instability, policymakers have chosen a gradual approach to encourage sustainable recovery. In addition, the government introduced new taxes on interest income, further pushing investors to look for alternative opportunities such as real estate and automotive markets.

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Local Demand Surges – Foreign Buyers Expected to Follow

The effects of the CBRT’s decision were felt almost immediately in the property market. Local buyers responded first, with a noticeable increase in demand for both newly built and second-hand apartments. Analysts expect foreign investors to follow soon, especially as prices remain attractive compared to other Mediterranean destinations.

Current Prices for New Apartments in Alanya

New projects in Alanya are priced based on size and location:

• 1+1 Apartments (1 Bedroom, 1 Living Room): €75,000 – €100,000
  Ideal for city living, these are typically located near the beach, shopping centers, and entertainment hubs.
• 2+1 Apartments (2 Bedrooms, 1 Living Room): €105,000 – €120,000
  Larger units offering more comfort for families or long-term stays.

💡 Tip: Some units can be 20–25% cheaper depending on location, but they sell fast and rarely appear online because demand clears them in just a few days.

Outside the city center, 1+1 apartments in nearby districts can start as low as €50,000 – €55,000, making them attractive for investors seeking affordable entry points.

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Second-Hand Apartment Market – Excellent Value Opportunities

Resale properties remain a strong option for those seeking better value:

• Older Central Apartments (Approx. 20 Years Old):
  Fully functional 1+1 apartments, often with shared amenities like a pool, elevator, and parking, are priced around €50,000.
• Mid-Age Apartments (Approx. 10 Years Old):
  Fully furnished, sea- or city-view 1+1 apartments in complexes with parking, pool, sauna, and fitness facilities range between €95,000 – €105,000.

Thanks to their prime locations, these properties are within walking distance of shopping and entertainment venues, eliminating the need for a car or taxi.

Seasonal Price Trends and Market Outlook

Property prices in Alanya typically rise 30–40% during the high season, reflecting demand from international buyers. Considering today’s construction costs, it would be nearly impossible for developers to sell a brand-new apartment at current market prices. For example, a unit priced at €105,000 today would likely need to sell for €180,000–€190,000 in a new project for the developer to make a profit.

This makes second-hand apartments a particularly smart investment, offering the same location advantages and amenities at a significant discount compared to new builds.

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Why Now Is the Perfect Time to Buy in Alanya

With mild winters, nine months of sunshine, and year-round access to fresh fruits and vegetables, Alanya offers more than just property — it offers a Mediterranean lifestyle.

Heating costs are minimal, as air conditioners easily double as heaters in the short winter season. Add to that Alanya’s crystal-clear waters, golden beaches, and vibrant social life, and you have a unique opportunity to secure your dream home under highly favorable market conditions.

✅ Bottom Line:
If you’ve been waiting for the right moment to invest in Alanya real estate, September 2025 may be the golden opportunity you’ve been looking for. Both local and international investors are expected to act quickly — and with prices still relatively affordable, timing could not be better.