Buying Hotel Apartments in Europe: A Comparative Analysis of Italy, Cyprus, Turkey

The real estate market is constantly evolving, offering new and interesting options. Among them, a special place is occupied by apartments in hotel complexes in Turkey, Italy and Cyprus - a unique offer that combines the advantages of traditional apartments and comfortable hotels. This type of real estate attracts both tourists who value freedom and independence, and investors seeking a stable and profitable investment of capital.

Hotel apartments are a separate cluster of real estate, which is located at the junction of residential and hotel. These are ready-to-rent apartments that combine home comfort and the level of service offered by world-famous hotels. At the same time, such properties are equipped with everything necessary for living, from furniture to bed linen. Such apartments offer the highest level of service and allow you to enjoy maximum comfort.

• Ready to move in: Forget about the hassle! Unlike renting a private apartment, hotel apartments are fully furnished and equipped with everything you need: from comfortable furniture and bed linen to dishes and kitchen appliances (including a washing machine). All you have to do is enjoy your vacation.
• Saving on little things: Having your own kitchen allows you to cook your own food, significantly saving on restaurant bills. A washing machine eliminates the need to use paid laundry services.

• Hotel amenities at your fingertips: Apartment residents have access to all the hotel's amenities: swimming pools, spas, fitness centers, restaurants, concierge services, and more. This is a level of service that is not available in a regular apartment.
• No household chores (optional): Many complexes offer additional services such as apartment cleaning and room service, allowing you to completely relax and devote time to rest.
• Pet-friendly: This is a significant plus for pet owners. Unlike many hotels, pets are often allowed in hotel-type apartments (check the conditions in a specific complex).

Investments in apartments in hotel complexes in Turkey, Italy and Cyprus have a number of undeniable advantages:

• High occupancy: Prestigious complexes, especially those located on the coast, are in steady demand. Flexible management programs offered by management companies ensure an average annual occupancy rate of 80-90%, guaranteeing a steady income.
• Stable income: Due to the high level of service and relatively affordable price compared to hotel rooms, the demand for apartments is constantly growing. The investor can count on a return of 8% to 10% per annum.
• Minimum participation: The management company takes care of all the management and maintenance of the apartments: from cleaning and repairs to finding tenants and maintaining financial records. All you have to do is receive income.

• Price growth: Real estate in popular resort areas of Turkey, Italy and Cyprus tends to grow steadily in price, making investments even more attractive in the long term.
• Obtaining a residence permit. Investors who purchase hotel apartments in Turkey or Cyprus may be eligible for a residence permit in these countries. A residence permit gives the right to live, work and study in the country for a certain period. Depending on the country and the terms of the program, a residence permit can be extended or converted to permanent residence status.
• Possibility of personal residence. The investor can live in the apartment for 2-3 weeks a year, depending on the agreement with the management company. This will allow him to personally evaluate the quality of the property and the level of service.

With its rich cultural heritage, iconic cities and stunning landscapes, Italy is a popular destination for both tourists and property investors. Popular areas for hotel apartment purchases include:

• Rome, Venice and Florence: Major tourist hubs that attract millions of visitors year-round, making them ideal for short-term rentals. However, property prices in these cities can be quite high.
• Tuscany and the Amalfi Coast: These regions are known for their luxury and offer good opportunities for hotel apartment investment due to continued demand from wealthy tourists.
• Sicily and Sardinia: These islands offer more affordable investment options compared to mainland Italy and are increasingly attracting interest from international buyers.

Cyprus is another Mediterranean country with a booming tourism industry and an attractive property market for those looking to buy hotel apartments.

• Limassol and Paphos: These coastal towns are among the main tourist destinations in Cyprus, providing a high demand for short-term rentals.
• Nicosia: The capital offers more affordable property options, and with tourism growing, it is becoming an attractive option for investors.

Key factors:

• Golden Visa Program: Cyprus offers an attractive permanent residence program, making it popular with international buyers.
• Growing tourism: Cyprus has seen a steady increase in tourist arrivals, particularly from Europe and the Middle East.
• Tax incentives: The country has favorable tax conditions for foreign property owners, making it attractive to investors.

Turkey, especially its Mediterranean and Aegean coasts, is becoming an increasingly popular destination for hotel apartment investments. The country’s strategic location between Europe and Asia makes it an ideal tourist destination.

• Istanbul: As a major cultural and economic hub, Istanbul attracts tourists all year round, making it a great place for hotel apartment investments.
• Antalya and Bodrum: These coastal cities are among Turkey’s most popular resorts, with affordable property prices and high demand for short-term rentals.
• Izmir: Known for its beautiful coastlines and historical significance, Izmir is becoming an attractive destination for both tourists and property buyers.

Key Factors:

• Growing Tourism: Turkey continues to see an increase in tourism, particularly from Europe and the Middle East.
• Affordable Prices: Compared to Western Europe, property prices in Turkey are relatively affordable, offering excellent value for investors.
• Citizenship by Investment: The citizenship by investment program has attracted many foreign investors, making Turkey a popular choice for those seeking not only property but also citizenship.