Bodrum is a city in the province of Muğla, in the north of the Gulf of Gokova (Aegean Sea), about 300 km west of Antalya. The city is popular with tourists in the world and in Turkey itself as an elite premium resort. The climate is temperate Mediterranean.
The local economy is entirely based on tourism. There is no industrial production in the city. The main occupations of the local population are trade, work in the service sector and rental housing.
How to profitably buy an apartment in Bodrum: offers on the market
Bodrum's resale property market is one of the busiest in the country and offers a wide range of quality apartments (luxury, one and two bedroom apartments, etc.). Some experts compare this resort with the Cote d'Azur. Many tourists, blooming nature and developed infrastructure make the city very attractive for investors who want to save and increase their capital.
Most apartments in Bodrum are built on the slopes of the peninsula, so there is a great chance to buy a property with a sea view. The profitability of such investments is high (the income from renting an average apartment by the sea is 5-8% per year).
There are several more advantages of buying an apartment on the secondary market of Bodrum:
- mild climate;
- a stable tourist flow that can provide high profits from renting apartments to tenants;
- reduction of investment risks in comparison with objects of other resort areas;
- a large selection of apartments.
The most expensive and elite housing in Bodrum is located in the areas of Yalikavak, Gelturkbuku and in the central part of Bodrum. The best beaches of Bodrum are concentrated in Kadikalesi, the area is great for family living, it is considered safe and comfortable. For permanent residence, you can also consider the Gundogan area.
Website for buying and selling apartments in Bodrum
The GEOLN.COM rear estate website with a convenient search interface helps investors to find and buy apartments in Bodrum inexpensively, thanks to which you can quickly and easily select apartments without intermediaries according to the necessary parameters and use the advice of specialists. The catalog contains verified objects of the city, which are placed on the site by homeowners on their own.
The cost of an apartment in Bodrum
Prices for apartments in Bodrum are growing by 8-10% every year. The cost varies depending on the location of the object (district), its area, year of construction, condition (repair) and other characteristics.
The average cost of housing in the city ranges from 1.5-3.5 thousand euros per square meter. Prices for apartments in Bodrum start from 60-70 thousand euros.
The cost of apartments in Yalikavak with a sea view starts from 80 thousand euros. Affordable apartments are located in the Gumusluk area, where a similar apartment can be purchased for 55,000 euros.
How to buy a house in Bodrum: the nuances of investing
The procedure for acquiring housing in Bodrum is clearly regulated by law, the process of concluding a transaction is transparent.
Foreign investors can purchase an apartment in Bodrum, located on the northern, western and some eastern coasts. Territories that directly go to the Greek islands, in particular the island of Kos, are prohibited for purchase by foreigners (buying a home in other regions is completely safe and open to foreign citizens).
By becoming the owner of an apartment in Bodrum, foreigners get the opportunity to obtain a residence permit (a purchase in the amount of 400 thousand dollars allows you to obtain citizenship of the Republic of Turkey).
Before buying (especially remotely), we recommend not only viewing the photo of the selected object, but also reading the reviews of the residents of the house. We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment from the owners according to individual parameters. The purchase and sale of apartments in Bodrum is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Buying an apartment in Bodrum is a profitable investment in one of the most popular fashionable resort cities in Turkey. This is an attractive investment that guarantees a high income and living in a place created for comfortable recreation and cultural activities.
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