Bodrum Real Estate

Buying a property in Bodrum is an attractive investment option for foreigners who want to invest in resort housing. Prices for houses and apartments in southwestern Turkey are rising by 5-10% per year, which makes investments quick and safe.

What are the benefits of buying a home in Bodrum?

Real estate in Turkey on the Aegean coast is continuously in demand by investors from all over the world.

This is facilitated by:

1. 

   The possibility of buying a cottage and an apartment on credit. The rate for a foreigner is 7-9%. You can get a loan at 50% of the cost of housing.

2. Quick adjustment. Many foreign citizens live in Bodrum. They are happy to help a new neighbour settle in, speaking the same language.
   
3. Reasonable prices. Food and clothing in the city are 2-3 times cheaper than in Europe. You can have dinner in a good restaurant for only $ 12-14, and get to any part of the city by taxi for $ 5.
   
4. Compactness. Clinics, shopping centres, consumer services and recreation parks are within walking distance of the coastline. If necessary, you can use the minibus.
   
5. Profitable investment. Over the past ten years, housing in Bodrum has steadily risen in price - an average of 10% per year. Even though costs are 40-60% less than similar facilities in Spain or Italy. Buying real estate in the city, in 10 years will fully pay off and begin to make a profit. You can also invest in Turkish real estate in the resort area to earn money on rental housing: bungalows and apartments close to the coastline are in steady demand among tourists.
   
6. The absence of a visa barrier. Foreign citizens do not need a visa to visit Turkey. During a visa-free stay in Bodrum (90 days), you can pick up a property and register it. Owning a house or apartment in Turkey gives a foreigner the right to obtain a residence permit and stay in the country for five years.

What real estate can I buy

Houses and apartments in Bodrum are often sold with decoration and furniture, air conditioning and other household appliances.

Housing options in a new building and the secondary market differ only in the price: the first is 10-20% more expensive.

Today in Bodrum you can purchase:

• Studios - have one bedroom combined with a kitchen and a separate bathroom.

• 1 + 1 - consist of a separate bedroom, kitchen, bathroom and hallway.
  
• 2 + 1 and 3 + 1 - the apartments have 2 and 3 separate bedrooms, a bathroom, kitchen, living room, often a terrace.
  
• penthouses - luxury apartments on the top floor of a multi-storey building with beautiful views.

Wealthy foreigners can buy a spacious duplex with sea views in an elite residential complex equipped with a swimming pool, a sports ground, an orchard, its own medical office and other deluxe comforts. An apartment in a high-rise building can be both close to the sea (200-400 m) and the city centre.

The private sector in Bodrum is represented mainly by properties in the secondary market:

• Inexpensive bungalows with 2 or 3 rooms.

• Two-story cottages with 3-4 bedrooms and a private terrace.
  
• Two- or three-story villas with several terraces, an orchard and a pool.

New homes are frequently offered as part of residential complexes. The advantages of this option are improved facilities (private parking, pool, gym, orchard) and security.

Even though in most cases, real estate is sold with furniture and household appliances, you can easily agree to purchase empty housing and get a 10-15% discount.

General information about Bodrum and popular areas of the city

The city is located in southwestern Turkey and covers an area of ​​650 km². The population of Bodrum is about 40 thousand people. About three times more people live in rural areas adjacent to the city.

Active development, by the Turkish authorities, of Bodrum as a tourist region began in the second half of the twentieth century. Today, the city is one of the most popular resorts on the Middle East coast.

Transport

The primary means of transportation for locals and tourists are minibuses that run until late in the evening. The price of moving around the city is a fixed price of $ 0.7. A taxi from the beach area to the city centre will cost approximately $ 3-5.

Many tourists during their vacation prefer to move around the peninsula in a rented car.

You can hire a car at the airport or in the city. To do this, you must have an international driver's license. The price is approximately $ 35 per day.

Entertainment

Active people prefer to buy property on the Turkish Aegean coast, and this is because all the entertainment in the city is focused on dynamic relaxation, day and night.

Fans of sea sports can go sailing and yachting. Divers should head to Orak Island.

The main party in the city takes place on the promenade at the yacht club, here the most famous club in the region, Halicarnassus Disco, is located. The institution accommodates up to 5 thousand people. Tourists come here to participate in foam and water shows.

On the coast, you should visit the club "Catamaran", which is in a glass boat, which allows tourists, among other things, to experience marine life.

On Alim Bey Street you can go to the famous Hadigari Bar and Disco. The capacity of which is 2 thousand people.

Beaches and climate

The beaches in the city are either pebble or sand. There are restaurants, bars, water activities, sun loungers and parasols on the promenade.

The most popular of them are as follows:

1. Most of all, young people like Gumbet beach: there are a lot of discos that work day and night.

2. Water enthusiasts will love Bitez: windsurfing and kite surfing schools are concentrated here.
   
3. For those who prefer a relaxing beach holiday, Ortakent and Gumusluk are suitable: there are clean sandy beaches and a large selection of restaurants offering seafood dishes.

The climate in Bodrum is temperate. In the summer months, the air temperature during the day is + 26 to + 30 ° C. 5 ° C cooler in spring and autumn. In winter, air temperature rarely drops below 12 ° C during the day. Most precipitation falls between December and February.

Sights

To get acquainted with the ancient architecture and culture of the city, we advise visiting the following:

• Black Island

• St. Peter's Castle
  
• Gates of Myndos
  
• Amphitheatre
  
• Mausoleum's Tomb
  
• Milt's shipyard

There are many exciting excursions in Bodrum:

• Jeep safari

• Diving
  
• Hilt
  
• Dalyan

A trip along the excursion route will cost an average of $ 40-50.

Shopping

Shopping centres and boutiques with branded clothing in the city are on Ataturk Avenue. Tourists here like to buy shoes, clothes, souvenirs, Turkish carpets, bags and jewellery.

Cheap products are found in the markets; foreigners buy vegetables, fruits, beach items, handicrafts and jewellery there.

Factors Affecting Home Costs and Average Prices

Property prices in Bodrum depend on:

• Type of property

• Year of construction
  
• Distance from the sea
  
• Stage of the build and technical condition of the house
  
• Internet connection
  
• Infrastructure

In the secondary market, the average cost of apartments on the first and second coastlines looks like this:

• Studios - $ 35-75 thousand

• 1 + 1 and 2 + 1 - $ 55-115 thousand
  
• 3 + 1 and 4 + 1 - $ 90-180 thousand
  
• duplex over 120 m² - from $ 160 thousand

Commercial real estate for short-term residence (apartments) are 10-15% cheaper, new buildings - an average of 10-20% more than similar properties in the secondary market.

The secondary housing market in the private sector looks like this:

1. The average price of an inexpensive bungalow with an area of ​​approx. 120 m², located on the first or second coastline, ranges from $ 80 to $ 150 thousand.

2. A 2- or 3-story villa with an area of ​​180-350 m² at the same distance from the sea can be $ 170-300 thousand.
   
3. A house with an area of ​​200-300 m² in a residential complex with a pool, a gym, a parking, an orchard and other deluxe comforts will cost from $ 230 to $ 600 thousand.

Buying a house or apartment in Bodrum is an adventurous undertaking, real estate acquisition will be calmer and more profitable with the help of our company. We will help you choose the best district and type of housing, explain how to draw up documents for the house and residence permit properly.

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