Yalikavak on the western coast of Turkey is one of the most popular areas of the Bodrum Peninsula. Scenic landscapes cascade down the hills towards the Aegean Sea and a light, gentle breeze offers relief from sweltering summer days, while the ambience and vibes welcome everyone young and old.
Historically, Yalikavak has gone from a small fishing village to popular tourist destination to an idyllic expat retreat, but the construction of the ultramodern Palmarina for international mega yachts earned it worldwide respect. All year round, it is the place to shop, dine and be seen and its completion dramatically boosted real estate in Yalikavak to a prestigious status.
For six months of the year, locals earn a sizeable income from the tourism trade, but even during the mild and occasionally wet winters, life in the town carries on offering potential for expats looking at Yalikavak property for permanent living.
Yalikavak Real Estate Market
When you buy property in Yalikavak, you are entering a world of diversity. Prices start at approximately £60,000 for an apartment, yet can reach six-digit figures for luxury villas. Buyers choose from off plan, new build, or resale, furnished homes. From one to four-bedroom apartments or a seafront villa with private jetty, the choice is astonishing.
Anyone looking for buy-to-let investment property in Yalikavak benefits from its distinguished reputation as a busy tourist destination. Activities include gorgeous beaches, daily boat trips, jeep safaris or strolling around the old town and sitting harbourside to soak up nostalgic vibes of bygone eras.
Alternatively, if you are looking for a permanent home for relocation, the villas and apartments for sale in Yalikavak can be either modern or traditional, trendy or cultural. Many of the large villas overlook the coastline and have the added benefit of a panoramic sea view of the hills and coast.
It is a buyers’ market, that is not only popular with the international audience but also returning Turks who have previously worked and lived in bustling cities.
Nightlife and Eating Out
As a seaside location, alfresco dining during summer is extremely popular. The esteemed restaurants of the Palmarina serve delicious food cooked by famous chefs, while the old part of Yalikavak also has many harbour restaurants specialising in seafood, fish and Turkish mezes.
Much of the nightlife in Yalikavak centres around sophisticated or family-friendly sit-down entertainment. Youngsters in search of a more fast-moving night will find what they are looking for in the beach clubs surrounding Yalikavak or by heading into Bodrum town centre.
Yalikavak has advanced tremendously over the last few years, and buyers can tap into a wide choice of ways to splash their cash. Thursday is the weekly market day when most locals stock up on organic fruit and vegetables for incredibly low prices. Stalls also sell clothes, souvenirs and household goods.
Otherwise, Palmarina offers upmarket shopping choices with more than 40 boutique shops. Other than shopping around town, locals also head to the large shopping malls of the Bodrum peninsula, such as Midtown in nearby Ortakent, just a 20-minute drive away.
Bodrum airport is just a 60-minute drive away, and during summer, many international airlines run regular flight routes on every day of the week. During winter, these dwindle down, but lovers of Yalikavak still use the domestic terminal to catch connecting flights via Istanbul or travel to Izmir or Dalaman airport that are both 3 hours transfer time. In the main town centre of Bodrum, a large bus station connects Yalikavak with the rest of Turkey via cheap and frequent routes.