Villas in Bodrum with residence permit
Purchasing villas in Bodrum for investment and personal use represents a profitable opportunity. This actively developing region is attracting more and more foreign and local investors due to its picturesque landscapes, stable growth in property prices and high demand for summer rentals. Bodrum is also becoming a promising destination for those seeking luxury villas and houses with rental income, as well as the opportunity to obtain residency and Turkey citizenship by investment.
The following layouts are the most popular:
- 2+1 and 3+1: Ideal for small families or couples, these villas and houses in Bodrum feature 2 or 3 bedrooms, a living room, an open-plan kitchen and 1 or 2 bathrooms;
- 4+1 and 5+1: Suitable for large families or those who enjoy hosting guests, this type of villa for sale in Bodrum comprises 4 or 5 bedrooms, several bathrooms, a spacious living room and a kitchen.
Modern housing is equipped with smart home systems that control lighting, room temperature and appliances via a mobile app. Many houses for sale in Bodrum, Turkey, also come with private pools and gardens.
When it comes to exterior design, there’s a wide variety, but the Mediterranean style prevails. Here are the most characteristic features:
- White stone finishes: This aesthetic is particularly attractive and harmonises beautifully with the surrounding landscape;
- Floor-to-ceiling panoramic windows: These windows flood the rooms with natural light and offer magnificent views of the Aegean Sea and the lush surroundings;
- Spacious terraces and balconies: These outdoor areas are ideal for relaxation, hosting gatherings or simply enjoying the sunsets. Villas for sale in Bodrum start from USD 110,000, while the maximum value of properties in the city can reach up to USD 50 million. In September 2024, the average house prices in Bodrum are USD 604,000 or USD 3,350 per square metre, with the average area of such houses being 180 square metres.
Residence permit in Turkey by buying a house in Bodrum
Many investors view purchasing a house for sale in Bodrum as an opportunity to obtain residency. Foreigners can become residents after acquiring one or more properties in Turkey with a total value of USD 200,000 or more. This option is particularly appealing for those planning to move to the country with their family. Under the programme’s rules, the application can include a spouse and children under 18 years of age.
The process of obtaining a residence permit in Turkey takes between one to three months. After a successful application, the foreign citizen receives resident status, allowing them to reside in Turkey for two years. This status can be extended as long as the property remains in their ownership.
To obtain citizenship in Turkey through naturalisation, it’s necessary to reside in the country with resident status for five years. However, if a foreigner invests USD 400,000 or more in a house or an apartment in Turkey, they can receive a passport immediately.
Investment house in Bodrum
Foreigners planning to buy an investment villa in Bodrum should consider the following factors:
- Market growth: Villa prices in Bodrum continue to rise. Over the past year, their value has increased by 35.35%;
- Resale opportunity: There are many properties under construction in the city. The cost of villas in Bodrum at the stage of construction is lower than at completion. Thus, reselling the property after delivery can yield up to 30% profit;
- Convenient location: Bodrum attracts a large number of tourists, leading to a high demand for rental housing. Investors can expect a stable income from renting out villas, especially in sought-after areas. The return on investment here is around 4% per annum, but in the best areas by the sea, this figure can reach 8%.
The city has a well-developed infrastructure that includes modern clinics, international schools, shopping centres and other amenities. This attracts not only tourists but also locals.