How much you can earn from renting a home

In Alanya, properties can be rented both seasonally and long-term. By doing so, you could recoup the cost of the property within 10 years. The key is to make the right choice initially, and specialists from Ataberk Estate can help you with that.

Rental Rates

Many investors buying property in Alanya for rental purposes are interested in how in-demand their purchased properties will be and how much they can charge for rent. Rates depend on many factors, including the quality of the property, the presence of internal infrastructure, location, proximity to the beach, and sea view.

For example, renting property in the city center or in the Oba area is more expensive than in Mahmutlar and is in higher demand since the selection of properties is usually smaller. Properties in complexes with their own pool, water slides, playgrounds, security, and fitness centers are popular. The better equipped the apartment, the higher its rental value can be. After all, everyone wants to relax in comfortable conditions with good kitchenware and quality bedding.

Long-Term Rental

An unfurnished apartment can be rented out for the long term, as most tenants, especially locals, are accustomed to using their own furniture and appliances. The contract is usually signed for one year, and a deposit (equivalent to one month's rent) is often required. This deposit is non-refundable if the contract is terminated and the tenant moves out earlier than agreed.

Advantage for the owner — regular monthly income and stable tenants. However, long-term rental rates are lower than short-term rates, and you will not be able to use your property during this period.

Short-Term Rental

Short-term rentals are popular in resort areas and are usually seasonal, lasting in Alanya from late April to early November.

To rent to tourists, the property needs to be furnished and equipped with everything necessary for a comfortable stay — towels, kitchenware, bed linen, appliances, which will require additional investment.

In most cases, apartments are rented out for almost the entire season, and the total annual profit exceeds that of long-term rentals. Additionally, there is the opportunity to plan the booking schedule to allow for personal vacations.

On average, renting through an agency yields an annual profit of up to 7%-10% of the property's value. If renting independently, it is possible to achieve a profit exceeding 10%, but this requires managing guest arrivals, finding clients, and handling all arising issues yourself. This figure is "net," with costs for maintaining the property (such as site fees, taxes, and other expenses) deducted. Utility payments and cleaning upon departure are the tenant's responsibility.

If you are purchasing an apartment for rental purposes, we recommend insuring the property against various risks. On average, such insurance costs about $150 per year, depending on the property.

Our company is actively involved in property rental. Over the years, we have built a strong base of regular clients. We handle all aspects of property management: furnishing the property, paying taxes and site fees, organizing cleaning, greeting guests, drafting contracts, and addressing any issues that arise on-site.

You receive stable income, and we get satisfied clients and new buyers!

Approximate Short-Term Rental Prices for 2021 in the Alanya Region: