Renting out your Antalya property
Antalya is an attractive buy-to-let destination. Some people rent out their Antalya property while they are not in the country, to benefit from Antalya's popular tourism industry to make a second income and recoup some of the annual running costs.
Kalkan will most definitely offer the highest rental yields along the entire Antalya coastline; however, the income is likely only for the summer and property prices are the highest in the Antalya region.
Lara Beach is a great alternative to buy property in Antalya if you hope to achieve a high year-round income as it is located very close to the city centre and the airport, though again, Property in Lara comes with a high price tag.
Property in Konyaalti is again close to the city and airport and an ideal area for a year-round income with current prices quite affordable, however, an up-and-coming area and prices are rising as the marina project develops.
Belek property, slightly further east of the city, is also an area where a year-round income can be achieved, one that attracts golfers all year with the very mild climate, though also ideal for beach lovers, often with properties available with a guaranteed rental income and very affordable prices.
Property in Side can offer an annual income if managed correctly, though most likely only a summer income and prices for property in Side can again be very attractive.
Finally property in Alanya, a current hotspot for investment and prices once again offer fantastic value for money, however, similarly rising prices means buy now to get the best deals and the best sea views as the area is developing and homes close to the sea sell very fast due to the higher rental income that a sea view property can offer.
Rental yields in Antalya will vary for each location, some exceeding over 9% per annum and as well as using rental companies and their complete property management services, you can also easily employ third party local companies or a husband and wife team all able to deal with tasks such as checking for damages, dealing with guest requests, and various services such as cleans and welcome packs.
Marketing your Rental Property In Alanya
Individual companies will market and advertise your Antalya property for you, but this service is a naturally charged for, therefore, we recommend new owners should be pro-active with their own advertising. The following are ideas and suggestions of how to do this.
1: Referrals and recommendations through family and friends always a trusted advertising.
2: Place your Antalya property online with companies like Owners Direct, and Holiday Lettings where you can easily advertise and manage your rental clients directly.
3: Make your own website, advertise in social media pages such as Facebook and Instagram etc and ask you friends to share for a much wider audience. Find out if there are any Facebook community groups where you can advertise your property free of charge.
4: Advertise in local newspapers, either in the location where you have bought your property or in your hometown.
5: Find bulletin boards in supermarkets, restaurants and community centre’s.
6: Place a “For Rent” sign along with a contactable telephone number on your Antalya rental property.
Paying Tax on Rental Income
Proprietors pay tax on rental income of which the amount varies depending on the level of revenue but starts at roughly 15%. Foreigners who want to pay tax will need a tax number which you should already have if you have purchased a property in Antalya, or we can assist you in obtaining your personal tax number.
Deductible expenses are allowed, and tax returns are usually due yearly in March. Please speak to us for more information and assistance on the process. Otherwise, an accountant can also help you to get started.
