Is Bodrum Town a good place to buy property in Turkey?
It's not just tourists who love Bodrum town: investors looking for long-term, lucrative property deals also highly prefer the area. According to the Turkish Statistical Department, in 2015, foreigners purchased 830 houses in the Mugla region. Bodrum town centre is a major hub, of this province, not only for tourism but business as well. Therefore, it seems an attractive choice for property investment but let’s look at the reasons why.
5 Reasons Bodrum Town is popular for property investment
1. Easy access to a frequent transport network
One of the biggest benefits to anyone living in Bodrum town centre is the excellent transport network not only with the rest of Turkey but also internationally. Transfer time to the airport is just 45 minutes and during summer, hundreds of international and domestic flights land every week. The schedule scales down in winter, but Dalaman or Izmir operate during this time.
The cross-country bus system also connects passengers with the other main destinations in Turkey such as Istanbul, Izmir, Fethiye, Marmaris, and Antalya. Many foreigners remark what a pleasure it is to use the bus system because prices are low for high quality service arriving on time. Turkey has also recently modernized its infrastructure and roads are in the best condition they have ever been so anyone driving can get about in next to no time.
2. The cosmopolitan lifestyle of the Turkish Riviera
Bodrum town has a distinct ambiance. Gearing towards bohemian vibes, for many decades, artists, entrepreneurs, wealthy business people, and famous celebrities have flocked to Bodrum to embrace the carefree, laid back lifestyle where individuality is encouraged. Naturally, as well, with its background and expertise in building boats, it is one of the pivotal points of the Turkish Riviera.
Bodrum Marina is a highly sought after place to dock your boat and restaurants nearby employ the best chefs and provide top quality service. Alternatively, for a cheaper night out, small coastal restaurants lay on the perfect experience of alfresco Aegean dining. Summer evenings on the Turkish Riviera are an experience that many middle-aged global investors hamper after, and naturally, evening entertainment is big business. As well as the main bar street, and nightclub and disco party boats, rooftop restaurants and bars are popular places.
3. Culture and tradition reigns
With Bodrum’s canny ability to embrace individuality and the unusual, it would be easy to assume that Turkish culture and traditions have disappeared in the town centre, but they have not. The old part with its cobbled streets and small shops provides the one-to-one experience with local shopkeepers, of which many of them have lived in Bodrum their whole life. The town centre also has Meyhane establishments, which serve alcohol and traditional Turkish foods like Mezes (appetizer snacks.) Also hosting live Turkish music, this is where the locals hang out and is an excellent introduction to how the Turks of Bodrum spend their evenings. Likewise, lokantas serve favourite Turkish meals such as soup, pide or kebab variations. The great aspect about Bodrum town centre is that despite embracing a forward thinking lifestyle, the new has tucked in neatly beside the old.
4. You don’t need to know Turkish to get by
Naturally, with Bodrum’s reputation as a major sailing and holiday destination, English is widely spoken throughout the resort. In fact, many expats living in Bodrum do not speak Turkish and have no problems navigating daily life such as shopping, or home and house maintenance. Of course, we recommend that you learn a few words should you decide to settle down permanently in Bodrum and there are many teachers throughout the resort offering one-to-one courses. For those moments, when speaking Turkish is essential such as legal or medical process, just hire licensed, and official translators on an hourly basis.
5. Choose from a massive property portfolio
The real estate market of Bodrum town centre is firmly established so any potential buyers have an extensive range of properties to choose from including off-plan, traditional, sea-view Bodrum villas, new build, resale, luxury, cheap or renovation projects. The portfolio also accommodates all types of buyers from the rich millionaire to budget families looking for a good deal on a Turkish villa. Let’s look at some examples.
This property is a perfect example of a restoration project on a traditional Bodrum house. The stone walls, wooden ceiling beams and wooden shutter windows keep in line with traditional design and décor although there is much scope if the buyer wants to stamp their own mark on it.
The architect of this off plan property though has carefully incorporated old with new. Using feature focal points such as traditional stone, blue windows, and bougainvillea plants, they will exist with everything expected from a new build including fitted kitchen, summer terraces, and modern bathrooms.
Therefore, as you can see, Bodrum town centre offers variety, value for money and excellent choices for property investors; whether they are expats looking to relocate, buy-to-let investors or someone looking for a long-term profitable purchase. Have a look through our property for sale in Bodrum Town and contact us to ask questions or receive further information on any of the houses and apartments listed.