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BLOG Bodrum the Pearl of the Aegean Coast

10 February 2016 / Lifestyle

Beautiful Bodrum & Yalikavak

If you ask if Bodrum is a good place to invest in property, our answer is yes. But getting to know the real estate market in-depth helps to decide if the purchase is right for you. Nestled along picturesque Aegean Turkey, the larger Bodrum Peninsula attracts European tourists during holiday seasons with its rich history, luxury hotels, upscale restaurants, and breathtaking views. Comprising bustling Bodrum town and an array of charming villages and pristine beaches, this beautiful spot in Turkey offers many profitable investment opportunities. As a real estate agent, Bodrum is one of Turkey's most popular destinations with promising returns for investors.

However, property markets stand in a league of their own, and even though favourable exchange rates are great, research will avoid costly mistakes and ensure profitable ventures. Additionally, the Bodrum peninsula consists of many different coastal towns offering varying property prices and natural beauty. Whether you want real estate investments, somewhere to buy a holiday home, or a popular destination for year-round living, take your time before embarking on this property investment to ensure your property acquisition is the best decision.

Why Bodrum is a Good Place to Invest in Property

Luxury Real Estate in Bodrum

Summary of Reasons to Buy Property

  • Stunning Coastal Location: Bodrum is renowned for its picturesque coastal setting along the Aegean Sea, featuring crystal-clear waters and beautiful beaches.
  • Cultural and Historical Richness: Bodrum boasts a rich history with ancient sites such as the Bodrum Castle and the Mausoleum at Halicarnassus, adding cultural depth to the area.
  • Booming Tourism Industry: A popular tourist destination, Bodrum attracts a steady stream of visitors throughout the year, contributing to a thriving local economy.
  • Exclusive Resorts and Luxury Villas: Bodrum is home to upscale resorts and luxurious villas, providing a high standard of living for property owners.
  • Investment Potential: Bodrum's real estate market has shown resilience and steady growth, making it an attractive option for investors.
  • Culinary Delights and Nightlife: Bodrum offers a diverse culinary scene, with a plethora of restaurants serving fresh seafood and Turkish delicacies.
  • Accessibility: Bodrum is well-connected with an international airport, facilitating easy travel for both residents and visitors.
  • Boating and Water Activities: The coastal location of Bodrum makes it a haven for water enthusiasts, providing ample opportunities for sailing, yachting, and other water-based activities. Let’s look at the region in-depth though.

1: Excellent Transport Networks

Bodrum Airport, officially called Milas-Bodrum Airport (IATA: BJV, ICAO: LTFE), serves the Bodrum area and other western Aegean coastal resorts. Bodrum Airport sits in Milas, approximately 36 kilometres northeast of Bodrum's city centre. Summer months and peak tourist seasons, especially from May to September, see increased activity as tourists flock for beaches, historical sites, and vibrant nightlife.

Local residents also use Izmir airport, and the peninsula connects to other major towns and cities through excellent highway connections and Bodrum central bus station that sees frequent and cheap schedules all over the country. Travelling from Bodrum to Kos by ferry is popular. The ferry arrives at Kos Town port, which features historical sites, restaurants, and beaches. More frequent ferry departures during peak tourist seasons typically run from spring to early autumn. All this means your property acquisition is easy to reach all year round.

Historical Attractions

2: Historical Value

Ancient Halicarnassus city in present-day Bodrum was the birthplace of Herodotus, the "Father of History," and home to one of the Seven Wonders of the Ancient World—the Mausoleum at Halicarnassus. Halicarnassus Dorian Greek city, founded in the 10th or 9th century BCE, was abandoned, and the ruins became part of modern Bodrum. Halicarnassus continues to capture the imagination of those interested in ancient history and architecture.

Bodrum Castle, called the Castle of St. Peter, still stands. The Knights of St. John constructed the castle between 1402 and 1437. Bodrum castle houses the Museum of Underwater Archaeology, established in 1962, which exhibits rich maritime history from the Bronze Age, Classical, Hellenistic, Roman, and Byzantine periods. Uluburun Shipwreck, within it, dates back to the late Bronze Age (circa 14th century BCE). There is historical value on every corner, that makes up the cultural heritage of this destination in Turkey.

3: Bodrum City: Fusing Modernity and History

The lively town centre has a vibrant atmosphere extending to charming streets lined with common amenities, nice villas, lively markets, cafes and restaurants. As the sun sets, Bodrum transforms into a vibrant nightlife destination. The town comes alive with beachfront clubs, bars, and restaurants, so head to Bar Street for lively atmospheres and diverse entertainment options, from live music to dance performances.

Luxury hotels and holiday villages operate on an all-inclusive basis for privacy and seclusion but offer many tourist attractions, including boat trips. Since landscapes are hilly, expect panoramic views from most places and easy access to those azure waters. Immerse yourself in the charm of Bodrum's Old Town, characterized by narrow winding streets, whitewashed buildings adorned with bougainvillaea, and bustling bazaars. The Bodrum Marina Restaurant is excellent for dining and listening to live music. Overall, expect to pay more per square meter in Bodrum town, but this centre has many amenities.

4: Scenic Beaches on the Bodrum Peninsula

The Bodrum Peninsula boasts an array of beautiful beaches and secluded bays, each offering distinct charm alongside those lovely villas. The famous neighbourhood of Akyarlar is renowned for windsurfing opportunities, attracting water sports enthusiasts. Bitez Beach, with shallow waters and sandy shores, is ideal for families seeking relaxed beach days.

Meanwhile, Turkbuku resort town, frequented by celebrities like Kate Moss, offers sophisticated beach experiences and upscale restaurants. In a laid-back neighbourhood, Camel Beach is famous, and Bodrum hosts numerous beach clubs that turn into party venues at night. Many five-star hotels have private beaches, and hidden coves like Kargı provide tranquil escapes surrounded by pristine nature.

Tourist Attraction

5: Tourism Sector and Things to Do

Tourism is big business, and millions of tourists visit every year. Some head to popular tourist destinations like the town centre or Gumbet, while others head to more remote villages. The vital tourism industry revolves around upscale accommodations, the warm climate, coastal villages, traditional seafood restaurants, plenty of water sports, shopping centres, and active nightlife scenes. Residents and tourists enjoy scenic beaches and cultural attractions as well as historical attractions.

Numerous boat tours and yacht charters offer day trips to explore the Aegean Sea, swim in secluded bay places like Black Island and witness breathtaking coastlines from different perspectives. Health tourism includes Bodrum's hammams, five-star spas, and wellness services, while travel agents sell many day trips to hot spots like Ephesus ancient ruins and Pamukkale Cotton Castle or sign up for jeep safaris, village tours or market days in larger towns. Sitting between Bodrum town and Gumbet coastal resort are several 18th-century windmills popularly reached through hikes. Homeowners are never short of activities and places to go.

6: Active Nightlife, Dining out and Shopping Options

Across the peninsula's neighbourhoods, with plenty of water sports, stunning beaches, scenic beauty and ideal locations, foreign property buyers enjoy exceptional entertainment, seaside restaurants and shopping amenities alongside tourism sectors. Commercial properties in shopping malls sell international and Turkish brand names. At the same time, traditional shopping amenities are found in weekly markets. Shopping complexes in places like Yalikavak Marina sell high-end goods.

Lively nightlife activities range from your trendy bars to traditional Turkish meyhanes, or nightlife seekers can find cosy rooftop restaurants for romantic nights out. Yalikavak's beautiful marina boasts some of Turkey's top high-end restaurants. In contrast, the exclusive marina in Bodrum Centre serves food cooked by an award-winning chef for you to enjoy while admiring incredible sea views. This desirable location knows how to do pleasure on another level and won't disappoint with high-end amenities.

7: Award Winning Luxury Real Estate

One look at property prices per square meter, and they are more than the average town or village. However, alongside beautiful beaches, Bodrum earns fame around Turkey for luxury villas and apartments that stand out. Rental properties fetch top prices, and good rental yields and luxurious lifestyles are everywhere. Property values in popular spots like Yalikavak, Golturkbuku and the centre easily fetch six figures.

Bodrum is the place in Turkey where real estate investors who want luxury properties and the latest architectural styles head to. Modern villas boast architectural trends and stunning sea views, ensuring everything is designed for leisure and pleasure. Indeed, the luxury market is Turkey's best. Three main places stand out if the variety of property types you want is top luxury. Bodrum town was mentioned above, but also consider Yalikavak and Turkbuku.

Bodrum Property Turkey

Luxurious Marina of Yalikavak: Turkish properties in Yalikavak are spectacular. Luxurious villas of renowned architects like Richard Meier sit on some corners and command high prices per square meter. Yalikavak, a high-end destination for the peak tourism season, attracts celebrities and Saudi royalty who sail in on their mega yachts. Real estate transactions of villas for sale fetch six figures. Still, for that, owners get to enjoy the stunning marina, panoramic sea views of crystal-clear waters, and prime Location. Despite this, there are more affordable properties and modest styles away from the luxurious marina.

Upscale Resort of Golturkbuku: Offering turquoise waters and bountiful water activities, Golturkbuku is where celebrities like Kate Moss hang out, so expect to pay more than average prices. This once charming fishing village now presents an upscale lifestyle and is nicknamed Turkey's Saint Tropez. Although there is a distinct lack of shopping centres and beautiful beaches, residents and vacation makers enjoy the tranquil atmospheres of jetty beach clubs where they get waited on hand and foot. Modern designs of villas and apartments lend to those fantastic sea views, thanks to the elevated land status.

8: Other Places to Buy Property

Some people don't want millionaire villas but want more average property prices than exclusive ones. They are either beach lovers or are just looking at apartments for sale with affordable prices for vacation accommodation or peaceful retreats. In this case, certain resorts stand out for their range of properties.

Quiet Living in Gumusluk: Our favourite vacation spot is where we can witness beauty with prosperity and relaxed living, and limited nightlife. Gumusluk maintains an authentic village experience with laid-back neighbourhood vibes, but for more access to amenities, other places like Yalikavak are nearby. Gumusluk is not a lively town and offers scenic views of Rabbit Island. This is quiet living at its best, and many modern apartments and villas for sale sit near delightful traditional seafood restaurants.

Sale Prices in Guvercinlik: This is a well-kept secret among international buyers but is well-known for retired Turks who adore laid-back atmospheres, a range of property options, and limited nightlife. Stunning housing opportunities in this coastal village offer affordable prices per square meter and sit near standard amenities. Although Guvercinlik isn't a famous neighbourhood, being away from urban living is ideal. Those on holiday often use short-term rentals, but retired Turks stay here all summer.

Gumusluk Bodrum

9: Types of Architecture and Property Style

From Bodrum city centre to the scenic beauty and tranquil atmosphere of small coastal resorts, buyers will be impressed by the featured architecture. One common aspect of many homes is the elevated land, which means waking up to stunning sea views. Sandy beach lovers will find themselves close to the sea, and things start to differ for the property style of homes both inside and out.

Property options stem from traditional blue and white houses, as seen in Bodrum town centre, that from distances look like sugar cubes, to eco-friendly living or minimal styles with scenic views and large bay windows letting in oodles of natural daylight. Some places with authentic village vibes are built using the typical stone architecture of days gone by that resemble English farmhouses and not urban living. Other places are one-bedroom apartments that sit on complexes with property management costs or within hotel resorts, so owners enjoy tourism revenues by letting it out. Abundant choices mean finding the type of home you want.

Conclusion  - The Future Look Promising

As with any real estate transaction, investors always look forward. Whether there is room for long-term capital growth, whether tourism demand will hold up, and whether a destination offers promising returns. What to understand about Bodrum is that the centre is a major port city, and tourism structures are solid, having embraced tourism in the 1980s.

Regarding international vision, Bodrum is one of Turkey's major cities, constantly adapting to developments and trends. The potential for property value is good over mid to long-term periods. Bodrum will always maintain relaxed living statuses along with luxury. Property value appreciation looks good, and there is limited land for building, so this ensures high demand and low supply, increasing liquidity.

Find Property for Sale in Bodrum

Foreign buyers who want to learn more about solid demand, rental market and average property prices in Bodrum can start their journey by browsing our wide variety of homes for sale. Each listing contains property type, prices for properties, home features, location, and contact details to find out more or arrange viewings. As a real estate expert operating in all towns, our abundant investment opportunities will match your idea of dream homes.

Use our Real Estate Agent Services

We are Turkey Homes, a prominent real estate agency with offices in many towns on Turkey's western and southern coasts and a prime investment location in Istanbul. We have conducted many real estate transactions and offer our services and property pack. Call us today if you want rental properties, to tap into Mediterranean climates, or to know more about property values, types of properties, or profitable opportunities. With valuable insights into foreign investment in Turkey, we can help all international buyers become homeowners in Turkey, so call us today if you want to ask whether Bodrum is an excellent place to invest in Property.

More Blog Posts about Property in Turkey

Turkish Citizenship by Real Estate Investment: Often called the golden visa, foreign investors in Turkey who want to gain citizenship often look at properties for sale that are eligible for the golden visa citizenship program, which gets them a Turkish passport and more affordable living costs compared to European cities. For their return on investment, they and their families can live, study and work in Turkey like Turks. This article discusses more about this type of long-term investment in Turkey.

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