Mustafa Küçüker, Chairman of the Alanya Contractors Association (MÜTBİR), stated that construction costs are significantly higher than the data published by the Turkish Statistical Institute (TÜİK). He believes that building housing and then selling it at current prices is no longer feasible.
Mustafa Küçüker said: “TÜİK needs to update these inflation calculations. If the factors forming the cornerstone are taken into account, we believe the results will be different. The inflation level we are currently observing exceeds 30%. We recommend that anyone who can afford it should invest in real estate now by purchasing homes and land. Because with these figures, reinvesting is almost impossible.”
Inflation in construction costs and restrictions on residence permits have led to a significant decrease in new projects and construction permits.
Market experts believe that the decline in interest rates worldwide will increase interest in real estate and trigger a sectoral recovery. Mustafa Kayaalp, owner of Mustafa Kayaalp Real Estate Construction, noted: “The Alanya market is above the Turkish average. Alanya has a very bright future.”
Representatives of Alanya's construction sector stated that they expect a recovery in the real estate market due to declining global interest rates. The President of the Alanya Contractors Association (MÜTBİR), Mustafa Küçüker, noted that the construction sector is recovering again: “Interest rates around the world have begun to fall. People are starting to buy real estate instead of holding cash. We also observe this abroad. The number of mortgage applications in the U.S. has increased by 17 percent. Expectations for next month are significantly higher. Considering that interest rates in Türkiye are now falling, people are showing more interest in real estate. Over time we will see this growth. We constantly state that the current sales prices are prices that we cannot afford at the moment. Therefore, we believe this will benefit those who have the means to invest in real estate.”
Küçüker believes that right now is the ideal time to invest in Alanya real estate: “If someone has the means, we recommend they invest in real estate now and buy homes and land. Because with these figures, we simply cannot reinvest in these projects.”
Official statistics on construction cost growth in Türkiye
According to TÜİK data published on November 11, 2025:
The construction cost index for September 2025 increased by 23.18% year-on-year and by 0.87% month-on-month.
The material cost index increased by 0.90%, and the labor cost index rose by 0.82% compared to the previous month.
Compared to the same month last year, material costs increased by 19.32%, and labor costs by 30.99%.
Official housing sales statistics in Türkiye
According to TÜİK data published on November 13, 2025:
Housing sales increased by 16.2% in January–October compared to the same period last year, reaching 1,293,033 homes.
Mortgage sales in Türkiye increased by 11.5%, reaching 23,527 transactions (14.3% of all sales). In January–October, mortgage sales rose by 64.0%, reaching 186,020 transactions.
The primary market accounted for 33.4% of all sales. New-home sales increased by 10.9% to 397,507 transactions.
Secondary sales in October increased by 1.8% to 109,440 units (66.6% of the market). In January–October, secondary sales grew by 18.8% to 895,526 transactions.
Sales to foreigners in October decreased by 0.8% to 2,106 transactions (1.3% of the market). Top locations: Antalya (including Alanya) — 729, Istanbul — 725, Mersin — 192. In January–October, sales to foreigners fell by 11.3% to 17,050 transactions. The largest buyer groups were: Russia — 315, Germany — 191, Iran — 172.
The next bulletin will be published on December 16, 2025.
Time to buy real estate in Alanya
Back in September, Mustafa Küçüker stated that the decisions of the Central Bank and the IMF on interest rates are crucial for the markets and that now is the most appropriate time to invest in real estate.
“The cost of labor and materials has increased significantly,” Küçüker said. “The rise in prices of raw materials such as concrete, glass, aluminum, and copper is reflected in all product prices. There is global inflation. This is not only true for Türkiye.” He referred to the rise in precious metal prices on the London Stock Exchange over the past two years, explaining that this affects construction costs.
Küçüker emphasized that the real estate market constantly experiences ups and downs: “There is no permanent decline. Due to high costs and the inability to produce at current prices, the products on the market represent an opportunity for growth. Investors with available funds should take advantage of this opportunity. Real estate will continue to rise in price in the future.”
The Alanya real estate sector has been stagnant for the past two and a half years. The decline in IMF and Central Bank interest rates is becoming a key factor in recovery. Once rates fall further, people will begin withdrawing lira from banks and investing in real estate. Interest in property will grow — in anticipation of further rate cuts. According to Küçüker, “serious demand has begun to form,” and the market is entering a period of opportunities.
How to buy real estate in Alanya profitably
Now is the time to buy under favorable conditions. Developers are offering installment plans for already completed housing. Similar apartments, if built in 2–3 years, will no longer have the same price. Nevertheless, the buyer has the opportunity to fix a favorable price in the contract and pay the installment on a ready property, whereas previously developers offered installments only until construction was completed.
Stay Property’s portfolio includes real estate options not only with installment plans but also with guaranteed rental agreements. This means that the buyer can receive passive income of 5–10% annually in euros by transferring their apartment to full “turnkey” management.
There is also a selection of primary-market properties suitable for obtaining Turkish citizenship by investment. These can be single units such as villas or duplexes, as well as package offers of several apartments from the developer. Citizenship-eligible options are also available on the secondary market, but without installments and requiring detailed analysis to meet passport requirements.
Lower interest rates, the opening of districts for residence permits, and the reduction of the threshold value to USD 200,000 for residency through TAPU — these are the factors that can affect Alanya’s real estate prices within days.
Today you can buy a 1+1 apartment in a new building with hotel infrastructure for 65,000–70,000 euros in popular areas such as Avsallar or Mahmutlar. Hot deals also appear in top locations such as Cleopatra Beach, Alanya Center, and the first coastline of Kestel, Mahmutlar, and Kargıcak.
Don’t miss the most favorable prices in the Alanya real estate market in 2025. Contact a licensed Stay Property real estate agent for a free consultation today.