It is still the most common type of investment to buy property in Antalya despite concern over whether investors in Antalya real estate for sale overpay for new properties. ABS data show that only 10% of investments go to new construction. A major factor is the growing stock of old stock, which dwarfs the pipeline of high-rise apartments and projects in the surrounding areas. However, homebuyers also increasingly prefer older housing styles.
Is There Anything You Need To Know?
Apart from Antalya villas, flats, townhouses, and disused warehouses, there are many other older-style to buy property in Antalya. Are they worth investing in? The concept of converting warehouses into homes may be good, but it falls apart when the inside of the building is filled with apartments separated by standard plasterboard walls. This latter approach is, unfortunately, becoming more popular.
A Brief Background
Many Antalya villas and apartments were built in cityscapes in the 1960s. They were apparently meant to help elderly Australians who didn’t want to or couldn’t move to an apartment downsize. Neither steps nor expansive drives were present, and the title covered completely owned land as well as completely shared property. Today, villas are popular with owners and investors whose budgets don’t allow for traditional houses, but who don’t want to live in apartments. Villas are often less expensive than apartments or houses in the same area, so this is not surprising.
As for Antalya villas, only a few are left in established suburbs. Land values were much lower at the time when villas were economically viable. Antalya real estate for sale developers would use the site much more intensively today. Investors would benefit greatly from the relative scarcity.
In A Nutshell, Location Difficulties
However, villas are often “landlocked.” They are usually situated in the middle suburbs, which are generally slower to grow in prices than the inner suburbs. Investing in villas occasionally makes good sense, but for the most part, it doesn’t. Because of this inconsistency, only experienced Antalya real estate for sale investors should attempt to make a selection.
Thousands of townhouses are found throughout the country, and a great many are located in the most coveted suburbs, where they are often built in pairs on land that was once a cottage. There is more space in a two- and sometimes three-story structure when compared to a classic cottage, while still packing in a ton of space in a high-value land location.
When Compared To Townhouses & Warehouses
In addition, there is not a shortage of townhouses. New ones are being built constantly. This means that supply continues to expand despite the large pool of demand. Inconsistency in quality is also an issue. Not all buildings were constructed to the highest standard. As a result, there is a wide range of results when trying to buy property in Antalya. The conversion of a warehouse can produce fantastic returns if the asset is located in a trendy inner suburb with large rooms with original characteristics including brick walls and ceiling beams. A combination of industrial history and modern open-plan living appeals to most.
It is disrupted when developers build flats inside standard plasterboard walls. However, this practice is on the rise. Be cautious when investing in these “alternatives”. While old is typically better than new in the property investment market, there are still some that will wreck you.