Buy a House or Villa in Bodrum
In Turkey, over the past 10 years, the number of real estate purchase and sale transactions involving foreigners has increased by 50%. Especially popular with foreign investors is the Aegean coast, particularly the city of Bodrum and its environs. Such an increase in attention is due to the rapidly developing infrastructure of the region and low housing prices: real estate here is 40-70% cheaper than in neighboring Italy or Greece. You can consider villas investment in Bodrum with the help of Turk.Estate.
Bodrum offers a variety of residential and commercial properties.
Advantages of buying a house in Bodrum
Villas and bungalows in Bodrum attract the attention of foreign investors due to the advantages that housing on the Aegean coast has:
- Good prices for goods in Bodrum.
- Low-cost goods. Textiles, clothes, dishes, and the famous Turkish carpets in Bodrum are about 2 times cheaper than in the resort cities of Italy or Spain. Vegetables, fruits, meat, confectionery, and bakery products are sold here 2.5-3 times cheaper than in Moscow or any other major Russian city.
- Possibility of buying a house on credit. The rate for a foreigner is 6-8%. You can get a loan for 50% of the cost of secondary housing and 75% of the object purchased from the developer as part of participation in shared construction.
- Completeness of real estate. Almost all houses in Bodrum are already sold with finishing, furniture, and household appliances. You will not have to spend additional funds on repairs and home improvement when buying such an object.
- Easy adaptation. Many immigrants from the CIS countries live in the city, so there are no problems with communication here.
- The loyalty of the authorities and the local population. Turkey is a secular state. Therefore in Bodrum, there is no dominance of one religion and the oppression of citizens and tourists associated with this. The Turkish authorities guarantee every foreigner in the city freedom of religion. The courteous attitude towards the citizens of the CIS countries is also because the tourism industry is the main source of the city’s budget, and Russian-speaking tourists are the main customers here.
- Profitable investment. Buying a house in Bodrum is beneficial for the subsequent resale of the object (prices grow by about 5-10% per year) and for making money on renting out housing. The latter costs $300-700 for small bungalows and $800-2500 for a villa with a pool, an orchard, and access to the sea.
- Visa-free visit to Turkey. Citizens from the CIS countries (except Armenia) do not need a visa to visit Bodrum. During a visa-free stay in the city, you can pick up a property and register it as a property. You can stay on the territory of the Republic of Turkey without a visa for up to 90 days.
Description and infrastructure of city districts
Bodrum is located in the southwest of the Republic of Turkey.
About 200 thousand people live in the city, and its environs, and about the same number come here annually on vacation.
The city has a developed transport system: minibusses (dolmush) run on high-quality roads with short breaks – Bodrum’s main means of transportation. The fare within the city is fixed – $0.7. A taxi from the beach area to the city center will cost approximately $3-5.
Bodrum has many interesting shopping centers with branded clothing.
The coast in the city is either pebbly or with loose sand. The climate in Bodrum is temperate Mediterranean. From May to October, the air warms up to +25…+32°C. Spring and autumn are 5°C cooler.
In January-February, daytime temperatures rarely drop below 12°C. Most of the precipitation falls between December and March.
The best areas to buy an inexpensive home:
- Gumbet. The place is popular with young people because windsurfers, kayakers, and parasailers gather here. Nightlife in Gumbet is the most intense in the city: all night on the coast. The discos Queen Vic, Hemera, and The Shamrock are not open. For shopping in the area there are 2 large shopping centers – Mygros and Gima. To the west of the bay, several miniature bays make up the beautiful area of Ada Booaza, which, due to the sandy bottom and clear water, the locals called the “Aquarium”.
- Bitez. Comfortable area for both permanent residence and recreation. Biteza Bay is located just 8 km from the center of Bodrum, while nature is more picturesque here, and housing is 5-10% cheaper. Those who decide to try their hand at windsurfing will also like the place: the largest competitions in Bodrum are held in the area. There are many cafes, restaurants, and bars in the bay, where you can taste national Turkish food and Asian or European dishes.
- Bagla. The bay is located 14 km from the city center and is one of the most picturesque bays of the peninsula with a beautiful beach. There are few luxury hotels here, but many beautiful and inexpensive cottages. The main property owners in Bagla are foreigners, a significant part of which come from Russian-speaking countries.
- Ortakent. The area is notable because the most beautiful and well-groomed beach in Bodrum is located here – the coast of Ortakent was awarded the Blue Flag for environmental friendliness. The area has the largest water park in the region – “Dedeman”. The main entertainment in the resort is concentrated near the beach – swimming, sunbathing, riding scooters, yachts, and windsurfing.
- Bag. Buying property in this area is advisable for those who move to the Aegean coast for a quiet and peaceful life. The area’s main advantages are the sea, sun, and clean beaches. Fans of underwater fishing will also like the place: the marine fauna in the vicinity of Torba is the most colorful on the entire coast of the city. From the sights, you can see the ancient tomb built more than 2.5 thousand years ago. The rounded structure is located on the mountain and rises above the area.
Property in Turkey
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