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Investing in Bodrum

Investing in Bodrum

Bodrum is located near 3 of Turkey’s major airports – Izmir, Dalaman and Bodrum, and offers excellent investment opportunities due to the fact that it is probably the most popular and easily accessible tourist destination in Turkey, and money can be made easily by renting your property at an excellent rate. Bodrum Mugla

By  investing in Bodrum property , you can watch your investment grow as major investment in the region will see house prices rise sharply. It is not unusual to see returns of 40% or more per annum in this area.The number of foreign nationals owning real estate in Turkey is expected to witness a tenfold increase over the next 2 years, which will in turn lead to an increase inproperty prices.

One of the best places to invest, Bodrum property will continue to rise in value as planned shopping centres, holiday villages and new hotels come to fruition over thenext few years. The town appeals to the affluent with its yachting facilities and marina, as well as the new golf courses appearing in the region, which will also be a positive benefit for the property market and those who choose to  invest in Bodrum .

Golfers around the world have traditionally been a key factor in the value of property, and the golf courses on the Bodrum Peninsular will be no exception. Known as the ‘St Tropez’ of Turkey, it is an area of natural beauty with famous monuments such as Bodrum Castle which houses the treasures from ancient ship wrecks in its museum, and landmarks full of historic treasures spanning 10,000 years including the Mausoleum of Halicarnassus which was one of the seven wondersof the Ancient World.

Bodrum town is renowned for its restaurants, yacht marina, shopping, party atmosphere and bohemian lifestyle, but around the peninsular the various towns and villages have something different to offer. Secluded bays, golf, wildlife, natüre reserves, historical sites, diving, yachting, horse riding, and fertile valleys can be found.

Tuzla is an area of high expected growth on the peninsular. 20 minutes north of Bodrum and only 10 minutes from the airport, Tuzla is the site of Bodrum’s first golf course which opened last November in 2007. Work has started on the second course, and 4 further golf courses are planned for construction over the next couple of years. Tuzla will therefore become the golf centre of Bodrum, attracting many property buyers and for them, an excellent chance to earn a good rental income.

Bodrum is a place that once visited, people always return and many visitors dream of owning a house here. A typical Bodrum property is made of stone with flat roofs, usually two storeys high and with inner courtyards. New properties are often built based around this old style, but once inside, all the requirements are there for a modern life steyle including air-con and solar power.

Turkey is still one of the least expensive Mediterranean countries to buy property, and whilst Bodrum town is relatively expensive compared to other parts of the peninsular such as Tuzla, Torba, Gumusluk or Yalikavak where many new developments are offering excellent early release prices on off plan property, prices are still affordable compared to Europe. For those looking to invest in Bodrum or any of the towns aroundthe peninsular, prices can start as low as 60,000 euros.

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