The pace of housing appreciation in Antalya and its capital experienced a slight slowdown in 2024. Nonetheless, property value appreciation rates remain remarkable: prices in the area have increased by 18.01% over the past year. Rental prices have risen by an average of 31%. These are the official statistics, with unofficial figures tending to be higher. We keep you updated on developments in the Antalya real estate market this autumn.
As per Endeksa, Turkey's key real estate valuation platform, by the end of September 2024, the average selling price of a typical apartment was TL 4,187,020 (USD 120,000), with a “standard" area of 116 square metres. The average payback period for apartments in Turkey and the province is 16 years.
Examining each region individually, Akseki, Muratpaşa, Elmalı, Serik (known as Belek) and Korkuteli experienced the most rapid price increases. Aksu, Döşemealtı, Konyaaltı, Gazipaşa and Kepez saw the least increase in September.
In October 2024, the areas of Elmala, Kemer, Muratpaşa, Manavgat and Serik saw a rapid rise in value. Aksu, Döşemealtı, Konyaaltı, Akseki and Gazipaşa experienced slower growth compared to others.
As for the period of return on investment, housing in September paid off the fastest in the districts of Kepez, Akseki, Muratpaşa, Manavgat and Elmala. The longest period of return on investment was in the districts of Kaş, Kemer, Alanya, Gazipaşa and Korkuteli.
In October, the shortest payback was recorded in the districts of Kepez, Akseki, Muratpasha, Manavgat and Elmala, while the longest was in Kaş, Kemer, Alanya, Gazipaşa and Serik.
As of the end of October 2024, real estate rentals in Antalya had risen by 33.54% over the past 12 months. The average rent for a 100-metre apartment was USD 559, based on the exchange rate at the time of writing.
Content:
- Statistics, as of the end of October
- The cost of buying real estate in different areas of Antalya
- The cost of renting real estate in various areas of Antalya
- Tips on choosing a property in Antalya
- Advantages and distinctive features of the districts
Statistics, as of the end of October
- The average cost per square metre of residential real estate in Antalya was USD 1,071.
- The range of minimum and maximum prices per square metre was USD 646 to USD 2,150.
- The average price of real estate in Turkey was USD 124,185.
The cost of buying real estate in different areas of Antalya
| District | Average cost per 1 m2 (USD) | Average cost per unit of housing (USD ) | Investment repayment period |
|---|---|---|---|
| Akseki | 594 | 79,065 | 16 |
| Alanya | 1,357 | 149,319 | 24 |
| Elmalı | 661 | 86,654 | 19 |
| Finike | 897 | 84,289 | 19 |
| Gazipaşa | 1,048 | 101,643 | 23 |
| Kaş | 2,270 | 445,017 | 54 |
| Korkuteli | 655 | 73,330 | 21 |
| Kumluca | 779 | 110,595 | 19 |
| Manavgat | 1,034 | 124,089 | 18 |
| Serik | 1,101 | 172,792 | 21 |
| Demre | 832 | 111,547 | 21 |
| Kemer | 1,863 | 277,552 | 25 |
| Aksu | 1,450 | 123,259 | 19 |
| Döşemealtı | 1,130 | 174,015 | 21 |
| Kepez | 779 | 82,563 | - |
| Konyaaltı | 1,554 | 200,414 | 19 |
| Muratpaşa | 1,046 | 132,799 | 17 |
The cost of renting real estate in various areas of Antalya
| District | Average cost per 1 m2 (USD) | Average cost per unit of housing (USD) | Investment repayment period |
|---|---|---|---|
| Akseki | 3 | 383 | 15 |
| Alanya | 5 | 519 | 24 |
| Elmalı | 3 | 359 | 19 |
| Finike | 4 | 399 | 19 |
| Gazipaşa | 4 | 355 | 23 |
| Kaş | 3 | 459 | 54 |
| Korkuteli | 3 | 297 | 21 |
| Kumluca | 3 | 395 | 19 |
| Manavgat | 5 | 526 | 18 |
| Serik | 4 | 617 | 21 |
| Demre | 4 | 441 | 21 |
| Kemer | 6 | 644 | 25 |
| Aksu | 6 | 508 | 19 |
| Döşemealtı | 5 | 529 | 21 |
| Kepez | 5 | - | - |
| Konyaaltı | 7 | 721 | 19 |
| Muratpaşa | 5 | 605 | 17 |
Tips on choosing a property in Antalya
Antalya, the pearl of the Mediterranean, attracts the attention of both local and foreign investors not only with its wonderful climate, stunning nature and excellent infrastructure but also with an abundance of new residential complexes, including innovative ones. Let's take a look at the main trends offered by leading developers.
New complexes, settlements and off-plan projects in Turkey are common in its central districts: Lara, Konyaalti and Kepez. Eco-friendly and energy-efficient projects using smart home technologies have come to the forefront in 2024. Internal infrastructure facilities are also becoming increasingly in demand, such as modern outdoor sports grounds, indoor and outdoor pools and well-equipped playgrounds.
Living in close contact with nature has become the main trend in private homes. Following the pandemic, the demand for detached cottages and villas in Antalya has increased significantly. The districts of Kemer, Kaş, Kalkan and Alanya are particularly sought-after in this regard. Investors are opting for properties with spacious gardens, private pools and premium construction materials. A key consideration is contemporary design, especially for expensive villas in Turkey and not just small, secluded houses.
Advantages and distinctive features of the districts
Lara embodies luxury and modern living. The location is known as one of the most prestigious regions of Antalya. There’s a high demand for both flats and private houses. The district boasts a well-developed infrastructure, enhancing its appeal to foreign investors. The abundant social amenities, such as shopping centres, educational institutions and medical facilities, provide significant convenience to residents. A key reason for the area's popularity is its proximity to Antalya International Airport.
Konyaalti is another area favoured by investors in Antalya. This part of the city boasts a long coastline and numerous new development projects in Turkey, including large modern complexes and cosy boutique projects. There are numerous opportunities for outdoor activities and sports as well. It’s in this area that short-term rentals are in high demand, so you can expect a high and regular income by investing in local real estate.
Kepez is an area with the highest development potential, as noted by industry experts. It’s attractive to middle-income individuals because it offers more affordable housing options. Many new projects launched in Kepez in 2024 are changing the face of the region with modern architecture and extensive leisure opportunities. The active development of the district's infrastructure, coupled with its proximity to the city centre, ensures that it will become much more in demand in the future.
Kaş and Kalkan are distinct villages, both renowned for their natural beauty and peaceful atmosphere. Mansions and luxury villas are in great demand here, as these areas are considered expensive both regarding property prices and everyday expenses. However, nearly every local home offers exceptional view features. As a result, despite the high prices, properties are quickly sold out as soon as they are available for sale.
Additionally, Kaş and Kalkan have become popular tourist destinations, making rental opportunities for properties purchased here highly promising. Short-term villa rentals are particularly favoured, especially during the summer months.