Where to Buy Property in Bodrum
Where to Buy Property in Bodrum: Relocators will benefit from the presence in Bodrum of a branch of the prominent international school, TED College. People approaching retirement, as well as British middle-class professionals in their mid-40s, are regular buyers.
The best rental revenue comes from villas with pools in Bodrum, and the average purchase price is £200,000.
The little bay of Turkbuku has an affluent air and is popular with Turkish celebrities and purchasers from Istanbul; it is a summer refuge of beach clubs and restaurants – hence its moniker of “Turkey’s St Tropez” – with riverfront houses with jetties costing more than £2 million (it has no marina, so yachties moor 200 metres off shore).
Yalikavak, a former fishing community that has been there for 60 years, has had a marina makeover and is now attracting superyachts with its Cipriani restaurant and stylish Nikki Beach.
Property prices in Bodrum
There are properties for sale in Bodrum on the waterfront for £1-4 million, but there are also quieter areas where a two-bed apartment for £75,000 and a three-bed villa for £150,000 can be found. If you have a budget of £130,000 to £150,000, there are plenty of sea view apartments, two-bedroom townhouses, and even modest villas to choose from.
For a more affordable option, look to the well-developed suburb of Geris, where you can get a three-bed, 90sqm semi-detached villa for around £75,000 – albeit it will require modernizing and will be without a pool. However, high-spec two-bed apartments start at £200,000 and luxury branded three-bed apartments start at £250,000.
When compared to Yalikavak, property alternatives are limited, and the larger resort is likely to eclipse it as a magnet for high-end buyers.
This is evidenced by the arrival of the Mandarin Oriental brand at Paradise Bay in Turkbuku (luxury residences £1 million and up). However, sea-view apartments start at roughly £150,000, and resale three-four bed villas range from £300,000 to £600,000.
Torba is a former fishing village that is popular among Turkish buyers since it is close to local amenities, not too steep, and prices have held up well. A three-bedroom property will set you back around £300,000.
Also worth a visit is Gumusluk, a low-key traditional Turkish fishing village with small B&Bs that is more of a hippy refuge in the winter with eateries remaining open. It offers beachfront markets, stores, and restaurants, as well as plenty of leafy eucalyptus and fir trees and a laid-back vibe. It’s ideal for young families and retirees, and rentals are also available. If you’re lucky, you can obtain a three-bedroom resale villa for £100,000, but a new one would cost more than £200,000.
This is likely the best option for year-round living, with fantastic shopping, restaurants, a marina, and even a Starbucks. The marina takes nearly the whole coastline, therefore few properties have views of the water.
A one-bedroom flat in the town center costs £150,000, but neighboring ancient and historic Konacik is a better option: the inland town is on the main arterial road connecting Bodrum to the rest of the peninsula.
Three-bedroom hillside houses start at £300,000, while new two-bedroom apartments cost roughly £100,000 each.