As a rapidly growing region of the Turkish Riviera with so much potential discovered only recently, a plethora of opportunities are popping up from all around Bodrum. This has turned the gorgeous resort into a hub of interest for tourists and investors alike. Just a quick visit and you’ll come across plenty of reasons to buy property in Bodrum. In this article, we are going to tell you why you should invest in real estate in Bodrum.
Is Buying a Property in Bodrum a Good Investment?
Turkey has developed a vast infrastructure for the tourism industry and has gone through immense growth in recent years, becoming a spot of interest for investors, especially real estate investors. Many have made lucrative deals through buying commercial property in Turkey and even many more have focused on buying apartments and villas.
The good news for those who want to invest in real estate in Turkey is that not all regions of this Mediterranean country are at the same stage of growth. This means the real estate market is well established and highly competitive in some cities such as Istanbul while in others, like Bodrum, it is still in a transitional stage moving towards a bright future.
Why Should You Buy Property in Bodrum?
A transitional real estate market means there are a wide range of properties available for sale in Bodrum and you can purchase your dream house with quite a reasonable price. Invest in real estate now and thanks to the city’s rapid growth, you’ll have your investment returned in no time. Considering this, buying property in Bodrum can indeed be a great investment, though if you’re in need of further persuasion, there are still many more convincing reasons that can encourage you to choose Bodrum among all other beautiful cities of Turkey. Here are some of the advantages of buying property in Bodrum:
1. Bodrum’s Properties Feature Unique Architecture
Bodrum was once a cluster of fishing villages surrounded by a beautiful untamed nature. After its beauties were discovered by foreigners and its potential realized, it had to undergo profound changes to become the modern resort it is today. At this point, Turkey’s best architects gathered together to actualize Bodrum’s modernization. The result? The state-of-the-art villas and high-end apartments that you can find all around this coastal resort.
By the time Bodrum began to grow, many other cities of the Turkish Riviera were already boasting their vast real estate markets. In order for Bodrum to have a chance for competition, it had to supply the demands for a modern city infrastructure featuring opulent amenities. Such demands enhanced Bodrum’s real estate industry even further and have led to the construction of some of the finest properties that the Turkish Riviera has ever seen; all available for sale with pretty fair prices.
2. You Won’t Feel Like a Foreigner in Bodrum
Bodrum is not only a destination of choice for thousands of tourists, but also a popular resort among the foreigners who want to invest in real estate in Turkey. In fact, foreign property owners have formed a well-established community in Bodrum. This means it’s easy to settle into this multicultural town and you can make yourself at home in no time!
Most of the foreigners that live in Bodrum do not speak Turkish and thanks to the huge waves of tourists that hit this coastal resort each year, locals are often familiar with English. This means you won’t have a language problem since you don’t need to know Turkish to get by.
3. Bodrum Features a Liquid Real Estate Market
As a modern coastal resort with a unique geographical location and breathtaking nature, Bodrum is receiving constant global attention and has lured many investors from all around the world and particularly Europe. Many investors who are looking to buy commercial properties in Turkey choose to put their money on Bodrum because of the wide range of opportunities it can offer. Many others are also looking for holiday homes for sale in Bodrum. This means you can always find potential buyers should you decide to sell your property.
4. You Can Easily Monetize Your Property
Bodrum is a small resort compared to the amount of recreation it can offer. It attracts a plethora of tourists during high seasons and not everyone stays in a hotel. As a result, the demand for rentals rise up sharply during tourist seasons and you can rent out your property for a significant fee, so relax and let your investment work for you!
5. Bodrum Features Many Distinct Coastal Resorts
The main goal of those who want to buy property in the Turkish Riviera is mostly enjoying the Mediterranean climate and crystal clear blue waters. In addition to the main town center, Bodrum peninsula comprises several coastal resorts each having their unique perks to offer. This means more opportunities for you to bask in the beauties of the Mediterranean.
Yalikavak boasts its enormous world-class marina while Gumsuluk greets its visitors with its old-school vibe and top-notch seafood restaurants. There is also Gumbet, which is preferred by British residents of the Turkish Riviera and several more distinct resorts each offering you their own way of having fun on the Aegean sea.
6. Bodrum Features an Excellent Transportation System
No matter where you reside in Bodrum, you can easily get to the main town center and all the coastal resorts on the periphery thanks to the extensive bus network that covers all the peninsula. The bus system is not only efficient, but also pretty affordable.
Bodrum’s transportation is not limited to its bus system though. Thanks to the international Milas-Bodrum Airport located only 36 kilometers northeast of Bodrum downtown, you can fly anywhere in the country or travel to many major cities around the world.
7. Bodrum Benefits from a Diverse Real Estate Market
The unique history of Bodrum’s real estate market has given rise to a vast urban infrastructure that caters to any taste and offers every potential buyer a wide range of investment opportunities. You can find almost every type of property in Bodrum; from fortified traditional houses with walls of stone and wood to newly built or renovated properties. There are a vast array of high-end apartments for sale in Bodrum downtown while you can find a plethora of modern opulent villas with stunning sea views in the coastal region. Thanks to Bodrum’s diverse real estate market, you will eventually find your dream house regardless of your budget.
8. Bodrum Offers a Wide Range of Recreational Activities.
One of the most important factors that every potential buyer of residential properties should consider is the livelihood of the region they are planning to settle in. You wouldn’t want to live somewhere that bores you frequently! Fortunately, living in Bodrum is lots of fun.
First of all, Bodrum offers more than 60 coastal areas to enjoy the Aegean sea and some of them are internationally recognized and labeled Blue Flag. Many of the beaches also offer a vast array of water sports and relaxing boat tours. Bodrum’s nightlife is also quite vivid and lively thanks to its numerous bars, restaurants, clubs, and party boats. Secondly, Bodrum features many beautiful historical monuments and museums that are embodiments of its rich history and culture, and last but not least, Bodrum has preserved its natural beauty pretty well and offers its visitors many ways to enjoy its alluring nature.
9. Bodrum Features an Appealing Climate
Say goodbye to freezing cold winters for the sun shines over Bodrum peninsula almost all year long. Summers here get really hot though refreshing Aegean breezes prevent them from becoming scorching hot. Winters, on the other hand, are pretty mild and temperature rarely drops below 12 degrees Celsius. This makes Bodrum an all-year-long holiday destination wherein seasonal changes won’t hinder you from having fun.
10. In Bodrum, Everything You Can Think of is Close By
Bodrum is a relatively small geographical region; a compact peninsula comprising a central town and numerous coastal resorts on the periphery. In fact, you can drive all around the peninsula in just one day! This means no matter where you reside in Bodrum, you will have access to everything that the peninsula can offer you, so you don’t need to overthink your choice when deciding where to buy property in Bodrum.
There are many reasons to buy property in Bodrum. This beautiful peninsula on the coast of the Aegean sea is cherished as a holiday destination by locals and foreigners alike. It is on the verge of immense growth and offers myriad opportunities for those who want to invest in real estate. Thanks to Bodrum’s diverse real estate market and one-of-a-kind urban architecture, every potential buyer can find a suitable property to settle in.
With a wide range of gorgeous beaches, a plethora of recreational activities, vivid nightlife, and many historical and cultural monuments to visit, Bodrum will keep its residents and visitors occupied and satisfied for days to come. If you want to live or make lucrative investments in this beautiful coastal resort, our team at alkhailtr.com can guide you through every step of your purchase.