Page 29 - Журнал «Русский Берег» #9-2021

RUSSIAN COAST | № 1/9 2022 ПОДРОБНОСТИ| DETAILS

estate price index compared to the North American one. There are also statistics, considering it is informative. Nevertheless, we can talk about an
many Russian-speaking expats among them. But it is not only the national increase in prices in all segments, and this is about 25%." That is, for many,
composition of buyers that is changing. Their social and age portraits are the "train has already left", it is unlikely that such explosive growth as it was
also changing. in 2021 will happen again, although, for example, Ramil Mansurov looks
"Two years ago, those with whom we mainly worked were an at the prospects of Alanya with optimism. "It is clear that the growth of the
audience of 50+, that is, people who have finished or are finishing their market cannot continue forever and marginality will fall to global, but for
careers in Russia and move to Turkey to live in retirement, — says Ramil the past few years that I have been here, there has been growth — and
Mansurov, top manager of STAY PROPERTY, — today the buyer has quite active, so it is very difficult to predict when it will end."
changed a lot — these are 30+ people, active, working, as a rule, in Objective factors are affecting the market. The cost of construction
the online sphere, and these are not "vacationers", as it was before, but in Turkey is about the same — but for the end user, everything will be
moving here to live and work. Accordingly, the structure of demand is decided by the cost of the land on which this construction is being carried
changing. Those who go to Turkey to work do not necessarily have to out. In a number of districts in central Alanya, Mahmutlar, both lands
have housing closer to the sea, so projects 1.5 kilometers from the sea are almost over, and special geological conditions (and corresponding
and further have started to be in demand." Alina Hamidi (IMMO SNIPs), after all, we are in a seismic zone, do not allow us to build high-
ALANYA) also notes these changes: "If earlier it was mainly those rise houses. Renovation in Moscow — to demolish the "Khrushchev-
who bought holiday homes and used them 1–2 months a year, slums", which are so similar to the Mediterranean buildings that in Turkey,
now those who work remotely are actively traveling to Turkey, in what's on Cyprus 80–90 of the last century, and in their place to build a
particular to Antalya. This is logical: good ecology, relatively cheap 16-storey building — will not work. The norms are observed quite strictly.
accommodation, developed infrastructure, and they don't care So there is no other way but to increase the cost of existing areas. There
where to to work, as long as the Internet is good. Over the past 3 are new areas, such as Avsalar, where active construction is underway.
years, the flow of such customers has grown significantly." Experts It attracts foreigners with its sandy beaches, there is still land here and
call the figure of this increase — 40% or more — those who change interesting projects are possible, but it is also non-rubber, and Alanya
the buyer's idea of Turkish real estate exclusively as a "cottage by the continues to step further — Okurjalar is already being considered, and this
sea". is more likely Antalya, Demirtas and even Gazipasha to the east. The latter
This, in turn, affects the life of Alanya itself: there are quite is very interesting because of the airport and unique natural monuments,
unexpected things that have a noticeable impact on the labor market but Alanya is still losing heavily in terms of urban infrastructure.
of the region. Traditionally, there is a shortage of highly qualified "Antalya is also limited from the west," says Alexandra Kabakchi
personnel in Turkey: engineers, doctors, teachers. The government is (ATABERK ESTATE), "it is impossible to conduct active construction there, in
making titanic efforts to change the situation, and progress is obvious, the direction of Kemer — mostly protected areas, where construction is also
but there are still many places where this deficit is still felt. Even though excluded. Although now we have several promising projects in Antalya
Turkey recognizes Russian diplomas, family members of these IT itself. If there are no force majeure circumstances — and this includes not
specialists, who often have more than one higher education, can only the economy, but also politics — then growth will continue, its pace
become a real personnel reserve that will allow the development of will decrease, of course, but overall the dynamics will remain positive."
the region's economy. "The most popular today," Ramil Mansurov believes, "is a rental
business and investments for resale. Our last project that we brought to
ANTALYA AS AN INVESTMENT the market — more than 400 apartments — was implemented almost
Some not entirely conscientious realtors (as a rule, intermediaries in completely in 40 days. The marginality of such investments is quite high:
a long chain) attract buyers by promising them a 35% annual increase you can earn up to 30% in 16 months, but you need to understand
in foreign currency. These are, of course, fairy tales. In previous years, that not every property, even in Alanya, will give such an increase. It is
perhaps a similar percentage was provided by investing in Turkish lira, but necessary to select the object very carefully."
real estate here is denominated in dollars and euros, and the Turkish lira Alina Hamidi (IMMO ALANYA) also believes that such profitability
has almost halved over the past 2 years, so those who entered the market in the Turkish market is quite real: "One of the interesting investment
with lira certainly saved them from inflation and even made good money. ideas may be the purchase of an object at the excavation stage, and
But in 2019 and especially 2020, the market behaved rather sluggishly, then it's resale already at the stage of a finished object in the "bare
some objects, especially expensive villas and penthouses, were sold for walls" configuration. It is really realistic to get up to 25% profit during
years, and of course there was no talk of such a frenzied percentage. construction (this is not always a year, sometimes 1.5). Some large
Everything changed in 2021 — the increase in demand made the market investors enter projects at early stages and buy apartments by floors.
scarce. Which hasn't happened in the last few years. How much does Such among the whole mass of buyers — up to 30%."
one square meter of Antalya cost today, how much can you earn on it However, investors should remember: what we are seeing in
and will it be possible to earn a year later? Alina Hamidi, sales manager Antalya is just the tip of the iceberg of the Turkish real estate market.
of IMMO ALANYA, believes that the statement of the question "how The share of home sales to foreigners in 2021 in total sales amounted
much does a square meter cost in Turkey?", speaking mathematically: "is to about 5%. According to the results available at the time of writing
not correct." "The price varies greatly depending on the area, number of (September 2021), Istanbul took first place with 2,995 sales. He is
floors, distance from the sea, the infrastructure of the complex and many ahead of Ankara by a large margin, where 408 houses were sold
other factors, including such, let's call them "subjective", as the reputation to foreigners. Antalya, where 358 real estate transactions were
of the developer. So there may be one price from one developer, and a made with the participation of foreigners, completes the "podium"
completely different price from another. We do not even calculate such (TURKSTAT data)

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