Apartments for Sale in Bodrum Turkey
Investing in Apartments for sale in Bodrum is considered one of the best choices because of the tourist places visited by millions of tourists yearly, many resorts, and many spectacular beaches that require an adequate, extensive, and constantly changing tourism structure. Bodrum has the best features for nature lovers, such as its stunning beaches, distinctive markets, magnificent neighborhoods, and seaport, which connects it to the islands of the Aegean Sea and the Mediterranean Sea, from where cruises take place. Tourism investment has increased in Bodrum, as it is a fertile ground for investors with its clean beaches, spectacular nature, and the availability of infrastructure from hotels and other tourist services.
Why Buy an Apartment in Bodrum?
Bodrum's tourism industry is thriving, attracting significant investment. High demand for tourism and the need to keep up with global trends have made tourism destinations and real estate highly sought after. One of the most important features of tourism investment in Bodrum is easy access to Turkish citizenship and Turkish passport, which allows visa-free entry for most countries of the world.
Benefits of Buying an Apartment in Bodrum
Bodrum transformed into a luxurious city in the 1960s, thanks to its connection with famous artists and writers. Now Turkey's third largest city, it's a top tourist spot, especially for celebrities. Apartments in Bodrum are highly sought after. Famous visitors include Bill Gates, Kate Moss, Tom Hanks, and Nicole Kidman. Bodrum has long, cold, and wet winters, but hot, dry, and sunny summers. It's windy year-round. Also, in Bodrum, Turkey, during the summer season, the average temperature is around 20 degrees, and during the winter season, the average temperature is around 10 degrees. The best time of year to visit Bodrum for warm-weather activities is from early June to late September. Buying an apartment in Bodrum is a great investment with unique facilities, especially for foreigners.
Overview of the Bodrum Apartment Market
Current Market Trends
Apartments for sale in Bodrum have many advantages and you will realize these things by living in Bodrum. Including the Bodrum and Mugla area, it is a very busy resort with exceptional rental returns for investors. Real estate prices in this area are increasing every year, so buying a property in Bodrum offers outstanding capital appreciation potential.
The proximity of Bodrum and its surrounding areas to both Bodrum, Izmir, and Dalaman International Airports through the Mugla region also has a very positive effect on buying property in Bodrum. Bodrum, Izmir, and Dalaman International Airports are one of the most important airports in the region. Real estate in Bodrum, Bodrum Peninsula, and Mugla region is one of the best in Turkey where buyers are sure to enjoy their life here and also investors may enjoy many rental opportunities and income prospects.
Market Stability and Growth Potential
Bodrum apartments have a very high investment potential. Bodrum, with its mix of different cultures and modern facilities, still has a special place in the Turkish real estate market. Beautiful beaches, mild climate, lively nightlife, and advanced infrastructure are among the factors that make Bodrum apartments for sale an ideal destination for buying property. Also, the strong international community and diverse amenities have made life in Bodrum very pleasant for Iranians and other immigrants.
The reasons why Bodrum is attractive for investment include its strategic geographical location, modern infrastructure, and the stable growth of the Bodrum apartment property market. This city provides a comfortable and modern environment for living and investing by offering facilities such as international schools, advanced hospitals, and large shopping centers. In the following, we will examine more details for buying property in Bodrum, suitable areas, buying process and the benefits of investing in this city.
Types of Apartments Available in Bodrum
Luxury Apartments
Luxury apartments for sale in Bodrum are a great choice for those who have a special taste. These apartments are usually designed by famous architects and attention has been paid to the smallest details from interior design to furniture. Buying a Luxury apartment in Bodrum is a great opportunity with multiple benefits. These houses are also great for investment, as they are always in high demand, and on the other hand, they are a great place to relax, vacation, and even live.
Affordable Apartments
Cheap apartments for sale in Bodrum are the best choice for those who have a limited budget. These apartments are usually highly constructed, but they may be in the suburbs or have fewer amenities. Buying a cheap apartment in Bodrum is a good investment because due to the city's expansion, the suburbs will soon become one of the most sought-after areas.
Sea View Apartments
Apartments for sale in Bodrum with sea views offer residents a haven of prosperity with breathtaking views of the Aegean Sea. Strategically positioned along the beach, these residences provide unobstructed views of the turquoise blue waters, allowing residents to wake up to the serenity of the waves and the breathtaking views of the sea. The charm of Apartments for sale in Bodrum with sea views lies in their terraces that easily combine indoor and outdoor living. Imagine being caressed by the sea breeze or hosting private parties against the backdrop of breathtaking sunsets – a lifestyle that effortlessly merges relaxation with the beauty of beach life.
New and Off-Plan Apartments
New apartments in Bodrum are in great demand. It is possible to pre-purchase these apartments at a lower price, and the completion time is usually announced in advance. These apartments, which are called Off plan apartments in Bodrum, are a great opportunity to buy a property with a low budget, pay in installments, and complete the house with personal taste. apartments in Bodrum for sale have very good facilities.
Apartment Prices in Bodrum
Range of Apartment Prices
The price of Apartments for sale in Bodrum usually starts from 60,000 dollars, and for luxury options, it may cost up to 1 million dollars. Some apartments cost millions of dollars. However, there are conditions to facilitate the purchase of apartments in this city. For example, you can use long-term payment options and pay for the house in long installments. Buy a villa in Bodrum can also have millions of prices.
Factors Influencing Apartment Prices
One of the important factors for Bodrum apartment prices is its amenities. Property prices in this city are lower compared to big cities like Istanbul, Ankara, and Izmir. Luxury apartments in Bodrum are influenced by various factors. From the location of the property to the credit of the builder, the size, and even the type of the property. Personalized projects have reasonable and relatively higher prices. In the construction of these structures, first-class foreign materials are used, and the houses are built based on earthquake standards in a completely resistant and engineering manner. Cheap apartments in Bodrum are usually located in the suburbs.
Apartments for sale in Bodrum in Popular Areas
Yalikavak
Yalikavak in Bodrum is considered one of the most important and developed luxury tourism ports in Turkey and worldwide and is an area of luxurious life and great investment opportunities. This marina combines the stunning natural beauty of the Bodrum coastline with modern infrastructure and state-of-the-art facilities, making it an ideal destination for yachting and luxury enthusiasts. apartments in Bodrum Turkey here are in high demand.
Gumusluk
Gumusluk is a quiet coastal village, located on the west side of the Bodrum peninsula, Flats in Bodrum in a beautiful bay, 37 km from Bodrum city center itself. Gumusluk is one of the oldest settlements on the peninsula. It is on the site of the city of Myndos, which belongs to the city of Caria, an ancient state. Today anyone can touch the historical heritage of Gumusluk. In the sea, to the north and west of the village, there are sites of the harbor dock, which went underwater, with fragments of the port wall. It attracts snorkelers and diving enthusiasts.
Turgutreis
Many foreigners have purchased property in Turgutreis and Flats for sale in Bodrum as a long-term real estate investment, rental income, vacation home, or for permanent year-round living in Turkey. The comprehensive portfolio includes properties ranging from one-bedroom apartments from £65,000 to million-dollar beachfront mansions with private pools and stunning sunset views.
Bitez
Bitez is only four kilometers away from Bodrum city center and many travelers go to this village to relax and enjoy the beautiful nature and beaches. Bitzik is a coastal village where famous accommodations for Bodrum tour travelers are located and is an ideal place for people who love peace and nature and green environment.
Bodrum Town Center
Bodrum Peninsula is one of the main regions of Mugla province and one of the main tourist cities in Turkey and is included in the list of 100 most beautiful cities in the world every year. In spring and summer, this city hosts tourists from all over the world, among whom are famous people such as Bill Gates, Cristiano Ronaldo, and Hollywood actors such as Brad Pitt. Bodrum flats for sale here are in high demand.
Torba
Torba beach is beautiful, shallow and clear. You can enjoy the sea at Torba Beach and explore this area by walking along the beach. Torba Bay, which is one of the rare forested areas in Bodrum, is most popular with tourists who seek comfort and relaxation in the green nature with pine trees and clean azure sea.
Golturkbuku
Golturkbuku is one of the best beaches in Bodrum for kitesurfing and surfing; A narrow, pristine, and secluded beach with golden sand, beautiful and clean, with small cafes and restaurants nearby, ready to serve customers. The best part of the beach for kitesurfing is after the lighthouse. If you are a beginner, go to Fener Beach in the morning; Because the wind blows less at this time of the day. In the evenings, the coastal wind is stronger and the sea is rougher.
Investment Opportunities in Bodrum
Why Invest in Bodrum Apartments?
Located on the west coast of the Aegean Sea, the Bodrum Peninsula has long been a favorite of the rich and famous, but it's also perfect for a budget-friendly lifestyle. The main theme in all areas of Bodrum is light and stress-free entertainment, and this reputation is due to the artisans and celebrities who visit the area.
Success Stories of Apartments for Sale in Bodrum
Apartments for sale in Bodrum are an excellent location for long-term investment as property prices in these areas grow reasonably annually. Due to the tourist location of the area, the possibility of renting your property is very high, and even at the time of sale, you can easily find a customer for it. Therefore, by buying apartments and even cheap properties, you can be sure that the value of your money will increase annually. Cheap flats for sale in Bodrum can be a good investment to start.
How to Buy an Apartment in Bodrum
After choosing the city to buy a house in Turkey, you should look for a suitable house or project in various neighborhoods of the city. After choosing the house you want, you have to pay an amount as a reservation fee, be careful that the reservation fee for a house in Turkey is non-refundable. The property valuation report based on the age of the building, neighborhood, property facilities, etc., which is provided by official experts, is called an expertise report and includes valid images, ownership document information and location information of the property, price estimate, technical information and debt status. by the General Directorate of Real Estate and Cadastre. After completing the above steps, we reach the final and very important step of documenting the house in Türkiye. In Türkiye, the official property document is called Tapu. To do paperwork, you must go to notary offices. In Türkiye, official document offices are called Noter.
Buying an Apartment with a Mortgage or Payment Plan
Buy an apartment in Bodrum with long-term installments is one of the popular options for investors. In recent years, the Turkish government has created very good options to facilitate investment to attract foreign capital. Bodrum apartments for sale include long-term installments of two years and more. Apartments for sale in Bodrum with payment plan is one of the most common payment methods that allows you to pay part of the amount before the house is completed and buy the property in installments.
Property Purchase Tax in Bodrum
Buying Apartments for sale in Bodrum, you will be subject to transaction taxes such as deed duty, value-added tax, stamp duty, and notary fees. Also, when you buy a property in Türkiye, you are automatically subject to real estate tax. In addition, if you rent out your property or plan to sell it, you will be subject to income tax. Both the buyer and the seller are subject to a tax of 2.2% of the sale price, which they must pay at the tax office. The value-added tax in Turkey is 18% and the sale of property in this country, including office, residential, land acquisition, etc., is subject to this tax, which is calculated based on the sales price. The annual property tax, which in Turkey is between 0.1 and 0.6% of the property value, must be paid before the end of May each year. 10% of this property tax is collected as a contribution to the protection of immovable cultural property.
Renting Out Apartments in Bodrum for Rental Income
Overview of the Bodrum Rental Market
The Bodrum rental market has a very high demand. Buy apartment in Bodrum and This high demand is due to the natural location of this area, which attracts many tourists from all over the world every year. Especially people who are interested in water and beach activities show great interest in this city. Renting out apartment in Bodrum is possible throughout the year and permits can be annual, monthly, and even seasonal.
Potential Rental Income
Apartments for sale in Bodrum for tourism purposes, referred to as short-term home rentals by owners, have become a growing segment of the Turkish tourism industry. This method is used not only in vacation areas and popular tourist spots but also in many cities. With the increasing demand for special and comfortable accommodations, renting a house instead of a hotel has gained many fans. Buy apartment in Turkey is a great way to return investment.
Legal Requirements for Renting Property
Taking this potential into account, the Turkish government has enacted laws and regulations to organize the rental of tourist houses. According to the new law approved in October 2023, it is necessary to obtain a tourist residence permit from the Ministry of Culture and Tourism to rent a house to tourists daily. This permit can be requested electronically through the electronic government system and there is no need to go in person.
Frequently Asked Questions
What are the apartment prices in Bodrum?
Prices vary widely, ranging from around 60.000 $ to several million euros, depending on location, size, and view. apartments in Bodrum Turkey have different prices.
What are the best areas to buy apartments in Bodrum?
Popular areas include Yalıkavak, Göltürkbükü, and Bodrum City Center, known for luxury and beautiful views.
Is it a good investment to buy an apartment in Bodrum?
Yes, Bodrum is a desirable location with growing tourism and property value, making it a solid investment. Off plan apartments in Bodrum are a good opportunity to invest.
What is the process of buying an apartment in Bodrum for foreigners?
It involves getting a tax number, opening a Turkish bank account, and conducting a title deed transfer. A lawyer can help simplify the process.
Are there cheap apartments for sale in Bodrum?
Yes, you can find affordable options, especially in less central areas or older buildings. Furnished apartments in Bodrum are usually more expensive.
What types of apartments are available for sale in Bodrum?
Options include studio apartments, family-sized units, luxury penthouses, and apartments in gated communities. Holiday apartments in Bodrum are very popular.
How do I find luxury apartments for sale in Bodrum?
You can find luxury listings through real estate agencies, online portals, or local contacts in areas like Yalıkavak and Türkbükü.
Can I buy an apartment with a sea view in Bodrum?
Bodrum offers many apartments with stunning sea views, especially in higher-end neighborhoods. Apartments in Bodrum for investment are a good choice for people.
What are the legal requirements for buying an apartment in Bodrum?
You’ll need to check the title deed, ensure there’s no military restriction, and possibly hire a lawyer to ensure everything is in order.
Can foreigners buy apartments in Bodrum?
Yes, foreigners can purchase property in Bodrum without restrictions.
What are the financing and mortgage options available?
Turkish banks offer mortgages to foreigners, but it’s recommended to have a substantial down payment (typically around 30-50%).
Conclusion
Located on the Aegean coast, Bodrum is a popular tourist destination known for its stunning scenery, azure waters and historical sites. Apartments for sale in Bodrum cater mainly to luxury seekers and attract high-end buyers looking for luxury holiday homes or investment opportunities. The real estate market in Bodrum has shown flexibility and stability with steady demand from domestic and foreign buyers. To choose and buy Property for sale in Bodrum, it is better to use real estate sites where you can check and compare different types of properties with different prices and amenities to make the best choice.
