Property in Bodrum: A savvy investment for any budget
Bodrum, on Turkeys South-West coast, has been a celebrity haunt and overseas property investor playground for many years. Most assume you need to be part of the jet set to own a property in Bodrum but there are now many affordable villas and apartments that won't break the bank.
Bodrum - a savvy investment choice
It's hard not to fall in love with Bodrum. Lying on the sun-drenched shores of the Aegean, Bodrum’s historic charm and alluring array of peninsular resorts offers the ideal mix of the traditional and the contemporary. When people refer to Bodrum, they tend to refer to both the town itself as well its surrounding resorts. In reality, locations differ considerably.
For investors wanting one of the most sought-after postcodes along the Turkish Riviera, Yalikavak is a good place to consider. Yalikavak is now widely referred to as 'the Queen of Bodrum' boasting the famous Palmarina and a world-class array of restaurants, bars, shops and entertainment. Here you find the uber-wealthy with their mega-yachts shimmering in the marina and their smartly dressed crew strolling along the harbourside. There's a cosmopolitan vibe, many foreigners calling the area home for six months or more. Yalikavak is where you find the estates, the walled and gated mansions with the latest smart-home technology, the helipads and infinity pools. Many CEO's, celebrities and influential business people have happily signed away seven-figure sums for a luxury property in Yalikavak, but, rest assured, those with a more modest budget are catered for too. Yalikavak now has a growing number of Turkish property developments suiting those that want the lifestyle without signing away the life savings - there are apartments in Yalikavak for sale for less than £100,000 - a manageable sum!
If a more traditional location if more your style, Gumusluk, Yalikavak's sleepier neighbour, may well be for you. Here the designer clothes are swapped for shorts and bikinis, the fine-dining for beachside BBQ's and traditional cuisine - the area famed along the coast for grilled fish and seafood. Gumusluk is smaller, more laid-back, less pretentious. But, in saying this, the majority of properties for sale in Gumusluk are modern builds made with easy living in mind. Beautiful, white-washed, sea view villas with pools so typical of property in Bodrum, can be found for as little as £50,000 to well over £1 Million.
Other popular locations include Gundogan, a growing fishing village that is now attracting Turkish property investors and retirees keen to escape the tourist crowds and live a relaxed village life. Then there's the glitz and glamour of Turkbuku, suiting those that want the elite life and extravagant villas.
Why invest in a property in Bodrum?
Regular international flights
Bodrum is attracting a lot of attention at the moment, and not only from European property investors and holidaymakers. Recent years have seen a surge in 'Halal concept' resorts and private villas in Bodrum ideally suited to Arabs that value their privacy. The demand to come to the area has led Bodrum Milas International Airport to run regular flights to Kuwait, Qatar and Dubai. Turkish Airlines has also stepped up and launched a direct flight to London Gatwick this summer to deal with increased bookings from Brits. Bodrum is easy to access. There's the budget tour operator charter flights, but also the scheduled international flights meaning it's no longer simply a British holiday hotspot.
Home to Turkey's first mega yacht marina
Ideally located within easy access to the Greek islands, Yalikavak Marina is Turkey's first high-capacity marina boasting 620 berths able to moor yachts of up to 135 meters in length. This was a game changer for Bodrum and Yalikavak. Uber-wealthy Russians, Arab royalty and stars started paying visits on their super-yachts, some staying many days. They demanded fine-dining, real designer shops and first-class facilities. Yalikavak and Bodrum quickly adapted to their needs. From humble beginnings, Yalikavak and its neighbouring resorts morphed into the Cannes of the Turkish Riviera. Demand for luxury property in Bodrum rose, as did land and property prices. This has continued to be the case, properties for sale in Bodrum quickly appreciating in value leaving Bodrum a savvy property investment choice whatever your budget.
Easy living and great facilities
Bodrum is a cosmopolitan town with no end of facilities - it's easy to live, holiday or retire in the area. There are countless shops catering to your every need, wonderful open markets where you can buy the best organic produce, excellent healthcare and schools for those looking to make a permanent move. There are established expat communities, no end of restaurants and bars, and wonderful bays and beaches ideal for a lazy day topping up the tan. Life in Bodrum is easy, that's why so many foreigners have chosen to settle in the area.
A wide range property in Bodrum suiting all tastes and budgets
Although the likes of Yalikavak and Turkbuku do cater more to the mid-range and wealthy buyer, there are lots of other locations to consider too. The traditional resorts like Gumbet and Turgutreis should not be forgotten. These areas are charming in their own right with the added bonus that many properties are ideal for investors with a tight budget. Take a look at our site for listings.
Have we convinced you to take a look around? At Turkey Homes, our Bodrum office is located a few steps behind Palmarina. If you happen to be in the area, please pop in and see us for a chat. Failing that, do contact us to talk over your Bodrum property needs, we will be happy to help.