Turkey is an incredible country - it is so rich in stunning natural beauty and history, its people are very welcoming and one of its prettiest resorts is definitely Bodrum. This small town on the Aegean Coast is picture perfect with its beautiful harbour, whitewashed houses, narrow winding streets, glorious beaches and incredible castle.
The destination is very popular with holidaymakers from around the world and property in Bodrum is most certainly in demand. Having said that, because the Turkish real estate market is relatively new on the world investment property stage, property prices in Bodrum remain attractive.
For example, it is currently possible to buy a resale modern one bedroom apartment in the town for as little as GBP 29,205. Such an apartment has sea views and is located on a complex with manicured gardens, a shared pool, shared tennis courts and a mini-market and would make an ideal holiday home or overseas investment property.
In the summer there are charter flights to Bodrum from many UK airports including Belfast, Birmingham, Bristol, Cardiff, Manchester and Newcastle as well as all the London airports. In the winter Bodrum airport is only serviced regularly by Gatwick and Manchester but that still gives a holiday home owner plenty of choice and opportunity to get out to their home and make the most of it all year round.
Because summers in Bodrum are long and hot, the appeal of the resort is high making any accommodation in the vicinity ‘in demand.’ If you’re considering investing in property abroad then purchasing a property in Bodrum for this specific purpose may suit your long term investment plans on two levels: -
Firstly the projected capital appreciation in terms of price increases in this area of Turkey is in double digits already. As Turkey begins the slow process of aligning itself for EU accession, so property prices across the country begin their slow ascent to come in line with similar properties in similarly attractive areas of Europe. This means that property in Turkey may make a good long term investment.
Secondly the demand for property in Bodrum - as already mentioned - is hot especially between the months of May to September. This makes it easy to rent out quality holiday properties for a good rental yield. You could therefore generate an income from your property in Bodrum, holiday in it out of peak season and sit on it for the long term to make a lovely return on investment.
If you would like to relocate to Bodrum full time the most expensive and desirable properties only top GBP 750,000 and that would currently get you a luxury brand new five bedroom house with two separate guest houses (ideal for letting out) complete with an infinity pool and an indoor pool, a games room, a cinema, a winter garden, massive grounds, incredible sea views and within walking distance of the beach.
As you can see, this stunning area of Turkey remains affordable - but for how long I cannot say, the interest in real estate in the Turkish resorts and in particular in property in Bodrum is beginning to boom. Click here for details of off-plan property for sale in Bodrum from Exclusive Properties International.
