Is buying a property in Kestel a good investment?

Last updated on December 29, 2023

Yes, the analysis of Alanya's property market is included in our pack

If you've marveled at the seaside beauty and relaxed lifestyle of Kestel, you may have considered living in this Alanya district.

Is it a good idea though? What's the current state of the real estate market in that area? Are property values appreciating or depreciating? Are investors seeing returns on their real estate investments? How's the demand for rentals?

We'll answer all these questions for you! When building and updating our property pack for Turkey, our team has been researching and surveying this area. In fact, there is significant customer interest in investing there. Therefore, we believe it would be beneficial to include some information about it in our property pack.

Why do property buyers like investing in Kestel?

Kestel, located in Alanya, has emerged as a highly sought-after location for property buyers, and it's easy to see why when you delve into its unique attributes.

Unlike other real estate markets, Kestel offers a blend of modern living and natural beauty. It's nestled in a serene environment, characterized by lush green landscapes and stunning views of the Mediterranean Sea. This contrast of urban development amidst natural beauty is a rarity and sets Kestel apart.

The area started gaining popularity among property buyers and investors around the early 2010s. This was due to several factors, including the development of high-quality residential projects, the area's natural beauty, and its proximity to Alanya's city center. Kestel's appeal is not a fleeting trend.

The sustained interest is backed by its continuous development, maintaining a balance between urbanization and preserving its natural charm. This enduring appeal suggests that Kestel is more than just a temporary hype in the real estate market.

Now, let's talk about the kind of people Kestel attracts. It's particularly appealing to those seeking a peaceful lifestyle away from the hustle and bustle of city life, yet still wanting modern amenities within reach.

Retirees, expatriates, and families are especially drawn here, attracted by its tranquil environment, beautiful beaches, and high-quality yet affordable housing options. Kestel is also appealing to investors looking for properties that offer good value for money and potential for appreciation.

For instance, Kestel, being a relatively newer and quieter area, doesn't have the same level of bustling nightlife or cultural activities as central Alanya. This might be a drawback for those who thrive in a more vibrant, city-like atmosphere.

Additionally, while the area is developing, it still lacks some of the more extensive amenities and facilities found in more established neighborhoods.

Overall, Kestel's blend of natural beauty, modern living, and ongoing development makes it a compelling choice for many. Its appeal lies in offering a quieter, more nature-oriented lifestyle without sacrificing the conveniences of modern living.

While it may not have the vibrancy of a city center, its strengths in providing a serene and comfortable living environment are undeniable.

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Why is Kestel a nice place to live?

Living in Kestel offers a unique and appealing lifestyle, especially if you're looking for a balance between serene coastal living and access to modern amenities.

The area's lifestyle and culture are predominantly relaxed and laid-back, influenced greatly by its stunning Mediterranean setting. Imagine waking up to gentle sea breezes and the calming sound of waves - that's a typical day in Kestel.

The expatriate community in Kestel is thriving and diverse, contributing to a multicultural atmosphere. Many expats are drawn here by the area's natural beauty and the relatively lower cost of living compared to other European coastal destinations.

Speaking of costs, living in Kestel is generally considered affordable, especially when compared to major cities in Europe or North America.

Property prices and the cost of living are reasonable, offering good value for money. This affordability is one of the key factors attracting both retirees and young professionals to the area.

Safety in Kestel is also a significant plus. The region is known for its low crime rate, contributing to a sense of security and peace of mind for residents. This safe environment is especially appealing to families and those looking to enjoy a tranquil lifestyle.

In terms of amenities and facilities, Kestel doesn't disappoint. For your healthcare needs, there are facilities like the Alanya Anatolia Private Hospital nearby.

For shopping and leisure, you have the Alanyum Shopping Mall and several local markets offering everything from fresh produce to clothing. Education-wise, there are several reputable schools in the vicinity, catering to both local and international students.

The infrastructure in Kestel is well-developed and continuously improving. The roads are generally in good condition, making driving around the area a pleasant experience.

Utilities like water and electricity are reliable, and internet connectivity is generally strong, catering well to the needs of remote workers and digital nomads.

When it comes to accessibility, Kestel is well-connected to other parts of Alanya and major transport hubs. It's just a short drive away from Alanya city center, allowing residents to easily access a wider range of amenities and services.

For longer journeys, the Gazipaşa-Alanya Airport is relatively close, facilitating domestic and international travel.

Public transportation in Kestel is efficient, with regular bus services connecting it to Alanya and other neighboring areas. This network makes it convenient for residents who prefer not to drive or for those looking to reduce their carbon footprint.

How much does it cost to buy real estate in Kestel?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Turkey.

When it comes to buying property in Kestel there's quite a variety to choose from, including apartments, houses, and luxury villas.

The area primarily offers modern apartments, which are in high demand, especially among expatriates and investors. These apartments often come with amenities like pools, fitness centers, and security, making them attractive for those seeking a comfortable and convenient lifestyle.

Luxury villas, while less common than apartments, are also available and cater to a more upscale market. These properties often boast stunning views, larger living spaces, and private amenities like gardens and pools.

In Kestel, you'll find a mix of both new developments and resale properties. In recent years, there's been a noticeable increase in new developments, reflecting the growing interest in the area.

These new projects often feature contemporary design and energy-efficient construction, appealing to buyers looking for modern and sustainable living options.

The price range for properties in Kestel varies depending on the type and size of the property.

Generally, the prices per square meter can range from around 1,000 to 2,500 Euros, although luxury properties can command higher prices. It's important to remember that these are just ballpark figures and actual prices can vary based on specific locations within Kestel and the features of the property.

Over recent years, property values in Kestel have shown a steady increase. This trend is driven by the area's growing popularity, ongoing development projects, and the overall appeal of Alanya as a destination. This upward trend in property values is expected to continue, particularly as more people discover Kestel and its offerings.

Regarding future developments, there are plans for further urban development and infrastructure improvements in and around Kestel. These developments, which include new residential projects and public amenities, are likely to influence property values positively.

For instance, any enhancements in transportation links or the addition of new social facilities will make the area even more desirable.

Predicting the real estate market can be tricky, but for Kestel, the outlook appears positive. The ongoing interest in Alanya as a whole, coupled with Kestel's unique appeal, suggests that the area will continue to attract buyers.

This is particularly true for those looking for a balance between a tranquil lifestyle and access to modern conveniences.

Several factors indicate a potential increase in property values in Kestel. These include its growing popularity among foreign buyers, the continuous development of new properties with modern amenities, and the general trend of increasing demand for properties in coastal areas.

Additionally, as infrastructure in the area improves and more amenities are added, these developments will likely make Kestel an even more attractive location for property investment.

Where is the best area to buy a property in Kestel?

Choosing the best area to buy a property in Kestel largely depends on your personal preferences and needs, as different parts of Kestel offer varied atmospheres, property types, and price ranges.

One of the most sought-after areas in Kestel is the seafront zone. Properties here offer breathtaking views of the Mediterranean Sea and easy access to beaches. The atmosphere is distinctly relaxed and serene, perfect for those who are looking for a peaceful lifestyle close to the water.

However, due to their prime location, these properties tend to be on the higher end of the price spectrum.

Moving slightly inland, you'll find areas that still offer proximity to the sea but at slightly more affordable prices. These areas tend to have a mix of modern apartments and older houses, catering to a broader range of budgets.

The atmosphere here is a blend of the tranquil coastal vibe and a more residential feel, suitable for families or those who want a balance between beach life and a sense of community.

In terms of up-and-coming areas within Kestel, there are neighborhoods where new developments are taking place. These areas are becoming increasingly popular, especially among buyers who are looking for modern amenities and the potential for property value appreciation.

Newly developed properties often include features like swimming pools, fitness centers, and enhanced security, appealing to a wide range of buyers.

When looking for a property, areas around the Dim River are highly recommended. This area offers a unique combination of natural beauty and convenience, with the added benefit of being near the Dim Cayi, a popular spot for picnics and relaxation.

The properties here tend to offer more space and are surrounded by greenery, making them ideal for those who enjoy outdoor activities and a quieter environment.

On the contrary, areas that are too close to the main roads or commercial zones might not be advisable for those seeking tranquility. The noise and hustle associated with these areas can detract from the peaceful lifestyle that many seek in Kestel.

Furthermore, these areas might not offer the same level of privacy and scenic views as the more residential or seafront locations.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Turkey.

Area	Atmosphere	Property Types	Price Range	Recommended For
Seafront Zone	Relaxed and serene, close to the water	High-end apartments and houses	Higher end	Those seeking beachfront living and scenic views
Inland Residential Areas	Blend of coastal vibe and community feel	Mix of modern apartments and older houses	Mid-range	Families and balance-seekers
Up-and-Coming Neighborhoods	Developing, modern	New developments with modern amenities	Varies, potential for appreciation	Modern amenity seekers and investors
Near Dim River	Natural beauty, quieter	Spacious properties with green surroundings	Mid to high range	Outdoor enthusiasts and those seeking tranquility
Near Main Roads/Commercial Zones	Noisy, busy	Varied, closer to commercial activities	Lower to mid-range	Those preferring urban convenience over tranquility

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Is there a strong rental demand in Kestel?

Kestel has indeed become a hotspot for rental demand, driven by its attractive location and the lifestyle it offers.

Understanding the nature of this demand, the target demographics, and the type of properties sought after can provide valuable insights, especially if you're considering investing in rental properties in the area.

Firstly, the rental demand in Kestel is quite balanced between short-term and long-term rentals, but each caters to different target demographics. Short-term rentals are particularly popular among tourists and vacationers who flock to Alanya for its beautiful beaches and Mediterranean climate.

On the other hand, long-term rentals are sought after by expatriates, retirees, and sometimes local professionals who prefer a serene environment away from the city center.

The profiles of potential tenants in Kestel are diverse. Short-term renters often include families on vacation, couples, and small groups of tourists. They generally look for furnished apartments or villas that are well-equipped with modern amenities.

Properties that offer a sea view or are within walking distance to the beach are particularly attractive.

For long-term rentals, the tenants are usually expatriates, retirees from Europe or Russia, and occasionally Turkish professionals. They tend to prefer unfurnished or semi-furnished properties that they can set up according to their tastes.

These renters value properties with additional amenities like parking spaces, security features, and a communal pool or gym.

Specifically, areas close to the beachfront in Kestel and those near local amenities like shops, restaurants, and public transport links are in high demand. Properties in these areas are likely to attract more renters and can command higher rental prices.

In terms of amenities that can help reduce vacancy, having a property with a good view (especially sea views), proximity to the beach, access to public transport, and on-site facilities like a pool, garden, or fitness center can be quite beneficial.

These features not only make the property more appealing but also enhance the living experience, making it easier to attract and retain tenants.

Regarding the potential returns on investment, properties in Kestel can offer attractive yields, especially if managed effectively. While specific numbers would depend on numerous factors like property size, location, and amenities, it's not uncommon to see annual rental yields in the range of 4-8%.

Properties that cater to short-term rentals might have higher potential yields, though they also require more active management.

Finally, the type of properties that are seeing increasing demand and could potentially offer better yields are modern apartments in well-maintained complexes.

Especially those with additional amenities like swimming pools, security, and fitness centers. Such properties appeal to both short-term and long-term renters, providing flexibility and potentially higher returns for investors.

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Is it easy to buy a property as foreigner in Kestel?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Turkey.

Buying property in Kestel, Alanya as a foreigner is relatively straightforward, but like any property investment in a foreign country, it comes with its own set of regulations, risks, and considerations.

Firstly, in terms of regulations and restrictions, Turkey is quite open to foreign property buyers, but there are a few key points to be aware of. Certain areas in Turkey are restricted for foreign buyers due to military or cultural significance, but Kestel in Alanya typically doesn't fall under these categories.

Additionally, the total area of land that a foreigner can purchase in Turkey is limited to 30 hectares, and all foreign property purchases must be approved by the local military authority, a process which is generally a formality and carried out by the property registry office.

The purchasing process in Kestel involves several steps. After choosing a property, you'll need to negotiate the terms of sale, often with the help of a real estate agent. Once the terms are agreed upon, a contract is drafted and a deposit is usually paid.

The main legal transaction is completed at the property registry office, where the title deed (Tapu) is transferred. This process involves various checks and the payment of fees and taxes.

One primary risk associated with property investment in Kestel is navigating the legal and bureaucratic processes involved in purchasing property in a foreign country. Misunderstandings due to language barriers or unfamiliarity with local regulations can lead to complications.

For instance, it's not uncommon for foreign buyers to overlook the importance of getting an official valuation report for the property, which is now a legal requirement in Turkey.

A classic pitfall for foreigners buying property in Turkey is not conducting thorough due diligence. This includes ensuring the property is free of debts, legal disputes, and has the correct planning permissions.

Another common mistake is not verifying the authenticity of the title deed or failing to check whether the property is accurately described in the deed.

Working with a local real estate agent and preferably a lawyer is highly advisable. They can help navigate the local laws, language, and customs, ensuring that all legal requirements are met and that your interests are protected.

They can also assist in carrying out necessary due diligence, negotiating with sellers, and handling paperwork.

Common exit strategies for property investors in Kestel include selling the property for capital gain, especially if the property value has increased over time, or renting it out for a steady income stream.

The rental market can be quite lucrative, especially for properties in desirable locations or with attractive amenities.