Buying Property in Bodrum
Bodrum is one of the most favorable vacation destinations for both locals and people from all around the world. In fact, there’s great demand for Bodrum real estate, as well. This wonderful city on the Aegean coastal line has everything to offer to investors. In this post, we’ll provide a brief guideline for those who are thinking of buying property in Bodrum.
If you want to have a second home in this town where beautiful shades of the blue and white meet with the prettiest bougainvillea, contact us to speak to real estate advisors in Bodrum.
Bodrum Real Estate
Area: 656.06 km2
Proximity to Main Airports: 35 km
Benefits of Buying a House in Bodrum
Affordable prices and great weather, excellent food, vivacious nightlife, and diverse culture make Bodrum very appealing to both local and foreign investors. If you’re wondering whether buying property in Bodrum is a wise investment or not, let’s take a look at some of its innumerable perks:
Turkish citizenship: First and foremost, gaining the right to get Turkish citizenship is the biggest advantage of investing in Bodrum real estate. If you invest at least the minimum amount of $400,000 in real estate in Turkey, you become eligible for holding a Turkish passport.
Great weather: Mediterranean climate is a huge appeal to the expats seeking Bodrum property for sale. In Bodrum. The weather’s mostly mild throughout the year, which means the living conditions are comfortable.
Social network: Due to the city’s long-standing popularity among expats, a wide community of expats has taken shape in Bodrum over the years. Moreover, the friendly and hospitable locals of Bodrum got used to having many foreigners around, as well. Even if you stay there during the whole year, you’ll never feel lonely because of these two reasons and you’ll quite effortlessly expand your network of expats.
Housing options: There are various options for Bodrum houses for sale: villas, flats, penthouses, bungalows, and luxury houses. This variety ensures there’s a house to correspond to all kinds of needs and budgets.
Tips for Buying Property in Bodrum
Having many options besides the straightforwardness of the process of buying property in Bodrum makes it easy to invest in Bodrum real estate. However, there are a couple of things that are crucial for you to consider before making your purchase. Find some of these key points below:
Negotiate: Like every other thing you buy in Turkey, Bodrum apartments for sale are negotiable, too. Make sure you have a general idea about the prices of Bodrum houses for sale before you go to viewings. Doing that will enable you to negotiate at a more confident level.
Familiarize with the neighborhood: Observe the neighborhoods you consider buying a house in. Get to know about the education, transportation, and healthcare options in the area. You can check if there are restaurants or cafes, shopping centers nearby, distance to the beach, and other recreational spaces such as parks.
Examine the paperwork: Check if the previous owner is providing you with all the required documents for a house such as the planning permission. You may want to pay attention to these especially if you think the house is being sold for a price that is considerably below its original value. In our opinion, it’s best to get help from a real estate agent throughout the process. This may help you to finalize the legal process more effortlessly, as well.
Taking these points into consideration, you should be safe making your purchase. The process of buying property in Bodrum involves hiring a real estate agent, negotiation, gathering and signing the relevant paperwork, etc. Considering all these, acquiring the property will probably take you a couple of months.
Top Three Neighborhoods in Bodrum
While seeking Bodrum houses for sale, bearing your needs in mind will help you choose the right neighborhood for you more easily. To give you a head start, we’ve listed the three best neighborhoods that are in high demand for buying property in Bodrum.
Turkbuku is one of the high-end neighborhoods of Bodrum with its luxury villas, restaurants, and boutiques. It has lively nightlife during summer and the sea is great. If you’re planning to stay there throughout the year, though, it’s extremely tranquil.
Being another high-end neighborhood in the region, Yalikavak is the heaven of Bodrum real estate. With its great marina with shopping spots, wonderful landscapes, and excellent food and drinks, Yalikavak is one of Bodrum’s most favorable spots. Moreover, the area offers both secluded luxury villas and affordable Bodrum apartments for sale.
If you’re looking for a more bohemian lifestyle, Gumusluk may be the right neighborhood for you. Offering relatively cheaper housing than Turkbuku and Yalikavak, Gumusluk will mesmerize you with its spectacular sunsets and jazzy vibes.
The Wrap Up
The region’s natural wonders and peaceful lifestyle alongside all the activities and vivaciousness it offers make it ideal to invest in Bodrum Turkey real estate. You’ll find everything you’re looking for in this beautiful town on the Aegean coast, in addition to Turkish citizenship, of course! If living in Bodrum has excited your interest until now, start researching and get ready for your new life. We wish you the best of luck on your journey!