Properties for sale in Bodrum

Property in Bodrum with a residency permit

Properties in Bodrum, Turkey, cater to a wide range of buyers with varying preferences, purposes, and budgets. There are luxurious apartments and villas with private amenities, as well as smaller studios and townhouses available.

Property prices in Bodrum vary depending on several factors, with location being the most significant. Buyers interested in affordable options with the potential for capital appreciation should consider properties in the following neighbourhoods:

1. Yalıkavak: The local infrastructure has rapidly developed since the opening of a deepwater marina capable of accommodating superyachts. Now a prestigious year-round resort, it attracts affluent international tourists, including numerous global celebrities.
2. Geriş: This area is popular among digital nomads, and housing prices here have almost doubled due to the influx of foreign buyers.
3. Gündoğan: Known for its rocky coastline, this neighbourhood is seeing rapid development, with new villas and apartment complexes being built. Turkish buyers are particularly interested in housing here, and it is expected that the area’s scenic bay and modern projects will increase its appeal among foreign investors, leading to rising real estate values.
4. Gümüşlük: This tranquil area offers a more peaceful environment. The waterfront is home to cosy restaurants, fresh seafood markets, and hotels. Real estate here, offering breathtaking views of lagoons and Greek islands, is more affordable than in other parts of the city.
5. Gümbet: This neighbourhood is popular with British holidaymakers due to its numerous watersports opportunities and affordable prices. It also boasts a lively nightlife scene and a wide selection of cafés and restaurants.

Residence permit in Turkey by buying property in Bodrum

Obtaining a residence permit in Turkey by buying property in Bodrum is a major advantage for foreign investors. Foreigners can become residents by purchasing one or more properties of any type worth at least USD 200,000. This is an excellent option for those looking to buy an apartment or house in Turkey and relocate with their family, as the programme allows the inclusion of a spouse and close relatives in the application.

The process of obtaining a residence permit can take 1 to 3 months. Upon approval, the foreign investor receives an ikamet, a plastic identification card granting the right to stay in the country for 2 years. Residency can be extended as long as the property purchased under the programme remains in the owner’s possession.

To apply for a Turkish passport by naturalisation, foreigners must reside in the country with resident status for 5 years. Alternatively, investors can obtain Turkey citizenship by investment immediately by investing at least USD 400,000 in real estate.

Investment real estate in Bodrum

Several factors make it worthwhile to buy properties in Bodrum for investment purposes:

1. Strategic location: The city is situated on the Aegean Sea, offering easy access to major cities in Turkey and Europe. Milas–Bodrum Airport, located 36 km away, offers direct international flights, making local real estate attractive to travellers.
2. Developed infrastructure: Modern marinas, fine dining restaurants, numerous shops, cutting-edge medical facilities, and international schools make the city a comfortable place to live and visit. For this reason, many expats choose to buy property in Bodrum.
3. High rental yield and housing value growth: As one of Turkey’s top tourist destinations, the city ensures high returns for housing owners. Rental demand peaks during the summer, but remains stable year-round due to the expat community. The average rental yield is around 5% per annum and can reach 8–10%. Additionally, the value of real estate in Bodrum is steadily increasing, offering investors the potential to profit from resale.