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Find Your Ideal
Home & Investment
Find Your Ideal Home
Even after all these years, the Bodrum real estate market, on the south-western Aegean coast of Turkey, is still one of the top spots for snapping up holiday homes overseas. Buying property for sale in Bodrum, located in Mugla Province, is more than investing in bricks and mortar. Those who buy Bodrum property and real estate buy into an idea, a way of life that’s both sophisticated and laid back. Bodrum caters for all budgets with bargain properties available as well as some of Turkey's most luxurious villas with price tags in multiples of millions. With its Castle of St. Peter, Mausoleum at Halicarnassus, ancient Myndos Gate and sandy Camel Beach you will not have a dull moment.
Why buy Bodrum property?
Bodrum, the jewel of the Aegean, is a truly multicultural place. It is a great deal more than a holiday resort. It is where ancient history effortlessly merges with modern day contemporary living. The old stone houses of Bodrum, that have stood witness to centuries of Aegean folklore, now offer atmospheric settings for some of the area’s trendiest bars and restaurants. Within the vicinity of ancient town centres, you find the new built modern property for sale in Bodrum, where the beautiful contrast of old and new becomes even more apparent.
If you are looking for a permanent base in Turkey, where life does not just rotate around seasonal tourism and holiday-makers, a Bodrum property could be your dream home in the sun. Bodrum Milas airport is a mere 30 minute drive in to the Peninsula, Yalikavak can be reached in 50 minutes; Turkbuku is around 40 minutes by car and further south Gumusluk is just under an hour. Accessing your home in Bodrum is easy from anywhere in the world and throughout the year.
Despite its compact geography - you can drive a full circle around the peninsula in less than 90 minutes - Bodrum is exceptionally multidimensional. If you are into sailing and boats, a Bodrum property gives you access to some of the Mediterranean’s most attractive sailing routes as well as three excellent marinas. Within 15 minutes drive of your property, no matter where it is located on the peninsula, you can find some of the most tranquil getaways and nostalgic spots, where time appears to have stood still for hundreds of years. Gumusluk heritage zone around the Rabbit Island with its small fishermen’s harbour is a prime example of these. Having strolled the day to sunset on the seaside, you can enjoy a candle-lit dinner at the buzzing marina yacht club in Bodrum with live music from down below ranging from modern contemporaries to old time jazz hits.
How to buy property in Bodrum
Once you have decided to invest in a property overseas and liked the appeal of Bodrum, you ought to ask yourself some fundamental questions regarding the lifestyle you want.
These are some of the questions you ought to ask yourselves before you come to Bodrum looking for the right property to buy. The answers to these questions will have a significant bearing on where in Bodrum and what type of property we should be selecting for you to view. As noted above, despite its seemingly small geography, Bodrum incorporates many different lifestyles in one and various different towns on the peninsula have very different characters.
Once we have identified your requirements and found the right property for sale in Bodrum, the rest is easy, we follow our recommended purchase process and buying overseas will be safe and smooth.
Bodrum property hotspots
The best story award goes to scenic Yalikavak. With its windmills, exciting hilly landscape, hidden coves and state of the art new marina, Palmarina Bodrum, Yalikavak is a prime investment destination. The area offers a wide range of properties, from bargain apartments to some of Bodrum’s most exclusive villas nestled in hilltops with very large private gardens. There are a good number of managed complexes available in Yalikavak with panoramic villas and apartments that are affordable, luxurious and modern. Yalikavak also offers the highest number of beachfront real estate in Bodrum, some with jetties and mooring in front.
Yalikavak’s most sought after areas are the Mansions District directly behind the marina up in the hills, Kudur Peninsula and Geris Heights. These all offer breathtaking sea and island views from older white-washed traditional houses and the modern new build properties constructed in the last 5 – 8 years. The charming town centre of Yalikavak is expanding and becoming livelier year on year. Formerly a mere holiday home destination, now the area sustains year round life with shopping malls, restaurants and town amenities that stay open 12 months of the year.
Availability of development land and re-zoning of Yalikavak in November 2013 will no doubt trigger substantial further real estate development in the area. The upside is that new planning regulations do not allow high build density on available land plots and clusters of cooperative style properties will not be encouraged. Yalikavak is primed for high-end residential and 5 star commercial property developments. We expect the new face of the area will bring with it steep price increases particularly within close vicinity of Palmarina Bodrum.
Some of the best rental yields in Bodrum are found in Yalikavak holiday homes. Villas with private pools and open sea views are always in high demand.
Turkbuku, which is made up of two consecutive bays, Turkbuku and Golkoy, collectively Golturkbuku, has been the choice of the Turkish elite and celebrity since the late 80’s. Its crescent shaped bay, which acts like a natural marina, is ideal for large mooring yachts to shelter for weeks at a time without having to seek home in a marina. The seafront boasts some of the finest villas in Bodrum with mooring and beach platforms. All along the seafront, there are boutique hotels, restaurants and small cafes that all candle-light up in the evenings providing the idyllic setting that came to be known as ‘the Turkbuku nights’.
In terms of price per square metre, properties in Turkbuku are some of the most expensive that Bodrum has to offer. These high prices are driven by Turkish second home buyers and certainly not by foreign buyers. Neighbouring bays to Turkbuku such as Hebil, Paradise Bay, Golkoy are all highly desirable locations with some of the most stunning properties for sale in Bodrum.
Turkbuku is generally a holiday home destination and very seasonal. If you are looking for a permanent base in Bodrum, then unless you like it on the ‘too quiet’ side, Turkbuku may not be the right choice. Holiday homes deliver very strong rentals, we must add.
Once a small fishing village and home to Myndos, the oldest settlement in Bodrum, Gumusluk always retains its appeal for overseas and Turkish home buyers alike. Unfortunately, some parts of Gumusluk have been spoilt by irregular cooperative style developments in the property boom of early 2000’s. Fortunately, ongoing excavations and ancient ruins around the old town of Gumusluk near the Rabbit Island have helped preserve some of the seaside districts of Gumusluk in its authentic charm. South-west facing Gumusluk enjoys some of the most striking sunsets imaginable. Property prices come at a discount to Yalikavak and seafront land can be bought at a fraction of the cost of Turkbuku.
Bodrum Town, the centre of old Halicarnassus, is where the heart beats and always in demand for real estate. There is very little land remaining with permission to build in and around Bodrum Town, therefore demand versus supply dictates that prices will carry on appreciating. If you are looking for a colourful vibrant place to live, where trendy bars, restaurants, night clubs and marina facilities are at your doorstep, then buy a home here. You will not have the size of land or tranquil settings of Yalikavak’s hills or Turkbuku, however, you will feel the buzz all the time come summer or winter.
Stone houses of Bodrum are worth a look also. They make most authentic homes as well as bars and restaurants. There are still some good buys waiting to be restored and renovated.
Prices for property for sale in Bodrum
As discussed above, prices vary from area to area and desirability of locations within areas, however, the following is a rough guide as to what you can expect to pay for a home in Bodrum peninsula.
Note: Our price indications do not include cooperative properties due to the fact that most of them have title deed issues and lack of habitation licence. If you come across properties in Bodrum that appear to be substantially below the prices indicated above, please make sure you check habitation and title deed completeness prior to proceeding with a purchase.
Is Bodrum property a good investment?
Unlike most other holiday resorts in Turkey, Bodrum real estate is heavily geared toward domestic buyers. Bodrum is a brand in Turkey and having a second home in Bodrum has long been an established trend. Up to 80% of all properties are owned by Turks and not by foreign buyers. Majority of Bodrum’s most exclusive and expensive homes have Turkish owners. Mandarin Oriental Bodrum launched its hotel plus residences in Istanbul, Turkey and not in the overseas home buyer market. Bodrum apartments for sale start from Euro 500,000 for the most basic and villas front-line to sea within the complex are priced up to Euro 7.5m. Up to 85% of all units were sold in the domestic market within 12 months of launch. Strong and stable domestic demand is one of the most sought-after signals of a high-performing real estate market, particularly when it comes to seaside towns. It indicates that the market is far less vulnerable to changes in holiday home buying trends globally. This is a major positive indicator that a foreign property investor should underline before making the purchase decision. Strong and assured exit strategy is a key investment factor.
Premiums in Bodrum are not with the standard run-of-the-mill homes but with the more exclusive, luxury property end of the market. Our analysis indicates that this is where the demand is highest and where price appreciation is in double digits year on year.
Bodrum’s summer season is June to October, in other words around 20 weeks. This is the peak season for Bodrum. Rental returns of attractive holiday homes, villas with private pools and luxury apartments are comparable to Kalkan, which is always tipped as the highest rental yielding resort in Turkey. Having said that, in order to generate 6%+ annually one should be very selective in what one buys. Modern contemporary with open sea views and close to town amenities are key success factors.
Are there any restricted zones in Bodrum for foreign nationals purchasing real estate?
The north, west and most of eastern coastlines are available for foreign nationals purchasing real estate. The areas that directly overlook the Greek islands, particularly the island of Kos, are not open to foreign purchase. These include most parts of Bitez, Ortakent, Yahsi, Akyarlar and some parts of Gumbet and Turgutreis. Areas such as Yalikavak, Bodrum Town, Gumusluk, Torba, Turkbuku and Gundogan are perfectly safe and clear for foreign nationals buying land and property.
Looking out towards the sea from a great spot in Adabuku, this brand new project offers affordable apartments for sale at prices not to miss – enquire today to reserve yours before all have been sold.
Offering high rental potential and suitability for living, these spacious apartments are nestled within the peaceful area of Bogazici in Bodrum peninsula and are just a few minutes away from the nearest seaside.
Within 50 metres walking distance to a private sandy beach area, this brand new project is perfect for sea lovers who want to live in a residential area of Yalikavak with apartments and villas both available.
Located within the rural area of Torba, this beautiful apartment is just a short walking distance away from the nearest beach and seaside for relaxing with loved ones and forms part of a quality complex with pool.
Forming part of a luxury development close to the centre of Bodrum and amenities, these smart designed properties have stunning views across a mirage of green nature and blue sea from spacious terraces and private balconies.
250 metres away from the nearest sea and beach, these spectacular apartments have everything in place for year round living and raising a family in Gumusluk area of Bodrum – call or contact us for more details.
Fully furnished and ready to move in immediately, this fantastic penthouse-style apartment is nestled within the residential area of Yalikavak in Bodrum and has access to a huge terrace enjoying 180-degree sea views.
Four minutes away from the nearest International Airport, these village-style properties offer a peaceful lifestyle in Adabuku area of Bodrum and would be perfect holiday homes close to amenities and the nearest beach.
Forming part of an elite complex with social facilities including a swimming pool and gardens, this duplex penthouse property is just 60 metres walking distance away from the nearest private beach for daily relaxing.
Forming part of a high quality complex, these residential apartments are found in Gundogan area of Bodrum and are just minutes away from the Bay and nearby amenities such as supermarkets and shops.
Renovated to a modern standard and ready to move in immediately, this beautiful sea view villa is for sale in Yalikavak and has its own private swimming pool and garden. This is one that you do not want to miss.
Spend quality time with loved ones at the beach when you purchase one of these lovely villas for sale in Gumusluk, forming part of a gated community that is just 250 metres walking distance away from the seaside.
Minutes away from the nearest beach and seaside, these tremendous villas are for sale in Adabuku area of Bodrum and have their own private landscaped gardens and swimming pools for relaxing outside.
Nestled within the Kumbahce area of Bodrum, this fantastic villa has uninterrupted views heading out towards the sea and Bay and is highly recommended for viewing – this will not be available for long.
Nestled between Gumusluk and Turgutreis, these beautiful properties are available as apartments and villas and have access to a private sandy beach for relaxing and spending summery days with loved ones.
This is an unbelievable opportunity to purchase real estate right in the heart of Bodrum, designed to perfection, and giving residents sublime views out towards the sea and beyond. Do not miss out on this wonderful project of homes.
Designed by Saffet Kaya Architects. These are some of the most stunning houses for sale in the Bodrum peninsula today, located in Gumusluk Village just minutes away from the nearest beach and within walking distance to local shops, restaurants, and daily amenities.
With four bedrooms inside, these spacious homes are perfect for families and have their own private gardens and swimming pools – all just a few minutes away from the nearest seaside in Cukurbuk area of Gumusluk.
Nearing completion and designed to luxury standards, these minimalist apartments enjoy access to a private beach, swimming pool, restaurants, gym, and much more – this is an absolute must see in Gumusluk.
Suitable for year round living in Bodrum, this Tilkicik bungalow-style villa is just five minutes away from Yalikavak Marina and is suitable for buyers looking to apply for Turkish Citizenship by Investment.
Outstanding seafront complex of apartments and villas for sale in Yalikavak, located just metres away from a private beach and full of social facilities for residents to enjoy – this is one of the top developments in Bodrum.
We are pleased to offer you this unique opportunity to purchase not one, but two villas within this prestigious complex at a discounted rate for both – this is an excellent investment opportunity and one you cannot miss.