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Old 13-04-2007, 01:55 PM
Alanyabay Alanyabay is offline
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Join Date: Mar 2007
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Quote:
Originally Posted by PROPERTYPLUS
I just visited Alanya for investment and i really like the place for a holiday. As an investment i was a bit concerned and i cannot still put my finger on it.
There were half built blocks, full blocks with ready apartments, people trying to give away apartments.
Can anyone explain what is happening as i find this very disturbing. I saw that rental income is very little on investment.

I have a construction company in Alanya, as a company we are working in alanya area since 1992, you can believe that we sold 300 apartment between the years 2000 and 2005 and prices were starting from 5.000 NTL (New Turkish Lira) at that years, now, price of same apartments are starting from 30.000 NTL, as you see that price change in a few year is very high, Alanya area has this kind of price changes in every 3 or 4 year. Actually i have 60 apartment in Alanya area and 30 of them is ready to move and i believe that if i wait 1 or 2 year without selling then that prices will increase 30 or 40% in 2 year. There is also another possibility in this area, we have an airport in Gazipaşa, which is really close to Alanya, if it can be opened in a few years then everybody knows that prices of the lands and apartments will increase extremely.By the way there are 2 really big project constructed at the east side of Alanya (Hotel Projects) and owners are really clever guys, i wonder why they are spending so much money to the hotels that they are so far from Antalya airport??
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