Property in Side

Buying a property in Side (Turkey) is a great investment option for foreigners from Europe and CIS countries. Villas and apartments on the Mediterranean coast are 35-60% cheaper than similar projects in Italy or Greece. At the same time, prices of properties in Side are continually growing by 5-15% per year.

What are the benefits of buying a home in Side?

Over the past 10-15 years, Turkish real estate has become increasingly in demand for European investors. Side, which is on the southern coast of Turkey, is one of the oldest cities in Turkey that attracts the most attention from buyers.

The benefits of buying a home in Side include:

1. An opportunity to earn rent. Due to the mild winters and warm summer climate, the tourist season in the city lasts 8-9 months in a year; this makes property rental in Side one of the most profitable businesses in the region.
2. The possibility to obtain a mortgage. A foreigner who buys real estate in Turkey can get a loan from a Turkish bank at 7-9% interest. You can loan up to 50% of the cost of housing estimated by the government.
3. Prices for white goods and real estate services are affordable. Food in Side is about half the price compared to eastern Europe. Branded clothing in the city costs 3-4 times less than in Western European countries. Dine in a restaurant on the beach for $ 15-20. Property maintenance costs are an average of $ 50-200 per year.
4. Developed infrastructure. Medical facilities, shopping centres, consumer services and recreation parks are located within walking distance from the beach area. If necessary, you can take a minibus. The fare costs $ 0.5.
5. Visa-free entry and residence permit. Foreign citizens can enter and stay in Turkey for up to 90 days. Buying property in Side automatically gives a foreign investor the right to apply for a residence permit.

Choosing a Property Type

It is customary for housing in Turkey to be sold with decoration and furniture. Often, houses and apartments have air conditioning, a TV, stereo system and other household appliances already installed.

Any type or value of real estate can be found in Side.

In a complex, there are many options for apartments:

• Studios have one bedroom combined with a kitchen and a separate bathroom.
• 1 + 1 apartments consist of a separate bedroom, kitchen, bathroom and hallway.
• 2 + 1, 3 + 1, 4 + 1 - have 2 and 3 separate bedrooms, a bathroom, a kitchen, a living room, often a terrace and a shared pool.
• Penthouses are luxury apartments on the top floor of a high-rise apartment building with beautiful views of the city, sea and mountains.

Affluent investors from foreign countries tend to buy elite duplexes with increased comfort. Such facilities are often located in premium residential complexes, which have a pool, fitness club, sauna and billiard room.

In the private sector, you can purchase:

• Small bungalows with 2 or 3 rooms with an area of ​​80-120 m².
• Two-storey villas with 3-4 bedrooms, private terrace and pool.
• Two or three-story cottages with several terraces, a sauna, a swimming pool and a small gym.

The re-sale market predominates in Side, which is 15-20% cheaper than similar new projects that are built mainly in the suburbs.

General information about the city and the best areas for purchasing real estate

Side's location is in the south of Turkey between two popular resort cities - Antalya and Alanya. People who want to combine a beach holiday and sightseeing come here. Because of the large number of ancient cultural monuments, Side is often referred to as the "Open Air Museum".

Transport

Tourists like to travel around Side on a dolmus. The cost is more than fair as it is only $ 0.5. Shuttle taxis run through the city from early morning until one in the morning.

Taxis in Side can be ordered online, or you can stop one right on the road. The cost of the trip is low so that you can drive the whole city for only $ 5-7. They accept Turkish liras as well as dollars or euros. However, we recommend paying in the national currency.

In the city, you can easily rent a bike for $ 2-3 per hour or an inexpensive car for $ 20-25 per day.

Beaches and climate

Side is famous for its long sandy blue flagged beaches, which are divided into two parts: Western and Eastern. The beach on the west is more suitable for families with children and those who cannot swim.

Its shallow depth makes swimming completely safe. The eastern coast of the city is more suitable for younger people. The sea is deeper, and there are many discos, bars, restaurants and rental equipment for diving and skiing on the water.

Both parts of the coastline are free - you only have to pay for using an umbrella and sunbeds.

Beach activities in Side are available:

• Sailing
• Water skiing
• Parachute flying over the sea
• Diving
• Fishing
• Boat and yacht tours

The climate in the city is a Mediterranean summer hot and humid, while winters are colder and rainy. The average temperature in July is + 30 to + 32 ℃, and in January it is about + 13 to + 15 ℃.

Side Attractions

The city can be called the cultural and historical heritage of the south of Turkey with having architectural sites in Side over 2000 years old.

The first thing that a visitor to a city notices is its decaying structures, fortress walls, towers, gates creating an atmosphere from hundreds of years ago. In the central part of Side, you can find Turkey's largest surviving amphitheatre that accommodates more than 20,000 people.

Cultural exhibits found in Side are in the Antique Museum. The exhibition features frescoes, statues of Athena and Apollo, an altar, an hourglass, bas-reliefs and sculptures.

Outside the city walls of necropolises are graves and tombs in the form of temples.

The purpose of housing should determine the choice of area for the purchase of the real estate. If a house or apartment is purchased to earn money from renting, we recommend looking at the projects in the central part of the city.

Many tourists come to Side to see the sights and often stay for several days or weeks. Moreover, housing in the centre is in demand even in the winter months.

If the property is for relocation to Side for a permanent residence, it is advisable to opt for the calmer but rapidly developing village of Kumkoy, located 3 km from the city.

Real estate prices here are 10-20% lower than in Side. However, there is still everything you need for a quiet and comfortable life: shops, grocery and clothing markets, shopping centres, restaurants and medical facilities.

The cost of housing and what it depends on

Average prices for new buildings in the private sector are:

1. Small bungalows on the first or second coastline with an area of ​​up to 100 m² will cost from $ 65 thousand to $ 145 thousand
2. A 2- or 3-storey villa with an area of ​​120-350 m² at the same distance from the sea is approximately $ 135-350 thousand.
3. An elite house with sea views and an area of ​​150-300 m² in a residential complex with a swimming pool, gym, billiard room, parking, orchard and other elements of increased comfort will cost from $ 180 thousand to $ 500 thousand

Prices for new apartments in Side are within these price ranges:

• Studios - $ 35,000 - 65,000
• 1 + 1 and 2 + 1 - $ 45,000 - 120,000
• 3 + 1 and 4 + 1 - $ 75,000 - 170,000
• Duplex over 120 m² - from $ 135,000

In the secondary market, real estate will cost 10-15% cheaper. Close to the seaport, the cost of housing is lower by as much as 20-30%.

Prices for houses and apartments in Side depend on:

• remoteness from port:
• type of property;
• year of construction;
• distance from the sea;
• completeness and technical condition of the house;
• connecting the building to the Internet;
• infrastructure development.

If you decide to buy property in Side, we recommend using the services of our agency. We will help you choose the area, size and type of property and collect documents for a residence permit.

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