Page 39 - Журнал «Русский Берег» #13-2022

RUSSIAN COAST | № 5/13 2022 БИЗНЕС | BUSINESS

thanks to the Konak's premium complexes, momentum for the last two years. The real for apartments in Mahmutlar. The clients
not much is known yet of Demirtas. This estate prices have also increased there, do not understand: the price of real estate
region, which is extreme in the east and but they still remain lower than in the is “stratospheric”, but they do not give
still undeveloped by the developers, other more “hyped” regions of Turkey. a residence permit, - says Alexandra
keeps out of investments and tourist So, in September 2022, in Mersin, within Kostenko. In general, these restrictions and
flows. Although, in terms of their natural 1 km from the seaside one can find a 1 the end of the first “wave” of buyers have
characteristics, the beaches of Demirtas + 1 apartment on the market at a price already led to a reduction in the number
can compete with the Cleopatra beach. of €62,000. At the same time, the cost of transactions in the Alanya real estate
According to Vyacheslav Fomenko, it of housing in Mersin rises in price by 30- market by 30-40%, according to the
is Demirtas that has the greatest potential 40% annually. experts.
for investment and development due to But the demand for the “open” areas of
the availability of free and attractive land HOW WILL BE THE Alanya has grown. But who guarantees
plots. In Demirtas today, within the walking CONSEQUENCE OF that these areas will not be closed too? The
distance from the sea, you can buy an THE RESTRICTION ON legislation in Turkey is often adopted from
apartment from €60,000. THE ISSUANCE OF A today to tomorrow, Alexandra wonders.
- I believe in Demirtas, - emphasizes RESIDENCE PERMIT? The next “closed” area may be Oba and
Vyacheslav. – That is why, our company For many investors, buying a property Tosmur, where the number of foreigners
has bought several plots of land there and is the key to obtaining a residence with a residence permit is also critically
is already selling its projects. permit or the Turkish citizenship. But close to the level of 20% of the total
For comparison, in Mahmutlar, which is on July 1, 2022, the Turkish authorities population.
only 10 km closer to the center of Alanya, have banned obtaining a residence The foreign investors also refocused on
the prices for 1 + 1 apartments are almost permit based on the ownership and the other cities in Turkey.
twice as high - from € 120 thousand. In lease agreement in four areas popular – The demand has increased in the other
other areas of Alanya, prices for 1 + 1 among the foreigners - Avsallar, Kestel, open regions. The foreigners, who want
apartments start from € 75-80 thousand, Mahmutlar and Kargicak. to live by the seaside, have reoriented
and the distance to the sea is longer - 2–3 Daria Chichek, the Sales Office Director towards Mersin. Others, for whom the sea
km. Currently, about 15 new projects are at the Nordic Property Construction, is not important, but the business climate
being built in Demirtas. And it is possible explains this decision by the authorities' and investments are more important,
that soon their number will double. desire to slow down the growth in leasing choose Istanbul, - says Ksenia Baldzhi.
Another new trend in the real estate prices, which is breaking all records this This year, the conditions for obtaining
market is Gazipasa. This is no longer year. For example, a year ago in the not only a residence permit, but also the
a district of Alanya, but a separate Oba district it was possible to lease a citizenship have been tightened. If earlier
independent city. Today, literally before 1+1 apartment for €300–500, and in it was possible to buy the cheapest real
our eyes, new quarters are being built in July 2022 the price of a similar apartment estate and obtain a residence permit with
the coastal zone. Moreover, the principle has reached €800–1000 per month. The the minimum package of documents, and
of square building blocks is used. rental housing in Mahmutlar on the first after 5 years to apply for the citizenship,
The local and Alanya developers are coastline makes up € 1500-2000 per now one needs both the proof of income
building. In Gazipasa, you can find 1+1 month. and a certain cadastral threshold of
apartments from €70,000 and up. As for The foreigners, who come to the resort $50,000 in small cities, and $75,000 in
layouts, 1 + 1 apartments remain the most for a short time, are ready to pay such large cities, which automatically raises the
popular. As a rule, such a layout accounts a high leasing price, but it is beyond the minimum value of the real estate. There
for up to 60% of all apartments in a power of the local residents for long- is talk in the government circles that the
residential complex, 2 + 1 - 30% and 3 + term leasing. Therefore, the ban on the same threshold can be set for obtaining a
1 duplexes occupy 10%. residence permits in the four popular areas residence permit based on tap issue.
Unlike Demirtas, the infrastructure here of Alanya, according to the authorities, On the other hand, Yelena Lusnyakova,
is more developed, and most importantly, should slow down the growth in the the Sales Manager at Em Group, is
an international airport is located within leasing prices, and redirect the foreigners convinced that the residence permit ban
5 minutes by car from the city. Flights to to the other areas of Alanya. has not greatly affected the demand in
Baku, Copenhagen, Oslo, Stockholm, Some experts believe that this decision the market in general, and the sales at
Helsinki, as well as to Ankara and Istanbul of the authorities is temporary. Otherwise, Em Group in particular. Ultimately, if
are performed from Gazipaşa-Alanya in the long term, the ban on the residence the restrictions on part of the authorities
Havalimanı Airport. permits may hit the demand for real estate continue, Yelena Lusnyakova believes,
Kseniya Baldzhi, the owner of the Liga and the interests of the developers, and then Alanya will turn into a city for the
Real Estate agency, recommends that this is unprofitable for the Turkish economy. “rich”, and not for the middle class:
the investors should also pay attention to And the results are already plain to see. - Alanya is a unique place, there are not
the city of Mersin, to the east of Alanya, - Already in the first week of such many such cities, which combine a warm
whose popularity has been gaining restrictions, we do not observe demand climate, sea, mountains, forests and fresh

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