Property for Sale
in Bodrum

Bodrum offers a diverse range of properties to suit various budgets and preferences. You can find:

• Villas: From luxurious, sea-view villas with private pools to more traditional, stone-built villas in quiet villages, Bodrum caters to those seeking spacious and upscale living. These villas often come with large gardens and terraces, ideal for enjoying the Mediterranean climate.
• Apartments: Apartments in Bodrum range from modern, complex-style apartments with shared amenities like pools and gyms, to smaller, more traditional apartments in the town center. These are popular for those seeking a more manageable property or a holiday home.
• Townhouses: Townhouses offer a middle ground between apartments and villas, often providing more space than an apartment but less maintenance than a villa. They’re frequently located in gated communities.
• Land/Plots: For those looking to build their dream home, Bodrum offers plots of land with varying sizes and locations. Some plots have stunning sea views, while others are situated in quieter, inland areas.
• Traditional Bodrum Houses: These unique stone houses, often with white-washed walls and blue trim, offer a glimpse into the region’s history and are highly sought after by those seeking authentic Turkish living.
• Commercial Properties: Shops, restaurants, and offices are also available for sale, catering to investors looking to capitalize on Bodrum’s thriving tourism and business sectors.

For a complete breakdown of the purchasing procedure, see our comprehensive Turkish property buying guide.

Bodrum peninsula is diverse, and each area has its unique charm:

• Bodrum Town Center: Ideal for those who want to be in the heart of the action, with easy access to shops, restaurants, and nightlife. Property prices here tend to be higher.
• Yalikavak: Known for its luxury marina, Palmarina, and upscale villas. This area attracts high-net-worth individuals and offers a sophisticated lifestyle.
• Gumusluk: A charming fishing village with a relaxed atmosphere, famous for its seafood restaurants and ancient ruins. It’s popular with those seeking a quieter, more authentic experience.
• Turgutreis: The second-largest town on the peninsula, offering a good balance of amenities and affordability. It’s known for its marina and long sandy beach.
• Bitez: A laid-back beach town with a family-friendly atmosphere, popular for its windsurfing and relaxed vibe.
• Gundogan: A picturesque village with beautiful bays and a traditional atmosphere, offering a mix of villas and apartments.
• Torba: Close to Bodrum Town, Torba offers a peaceful escape with luxury hotels and private beaches.
• Ortakent-Yahsi: Known for its long sandy beach and citrus groves, offering a mix of residential and holiday properties.

Ensure a secure transaction by understanding Turkish title deed acquisition.

Property prices in Bodrum vary significantly depending on factors like location, size, type of property, and sea views. Generally:

• Apartments can range from $100,000 to $500,000 or more.
• Villas can range from $300,000 to several million dollars.
• Land prices vary widely depending on location and size.
• Properties in Yalikavak and Bodrum Town center are generally the most expensive.
• Areas like Turgutreis and Bitez often offer more affordable options.

It’s crucial to work with a reputable real estate agent who can provide accurate and up-to-date pricing information.

Familiarize yourself with property income tax regulations.

Foreigners can purchase property in Turkey, but there are some legal requirements:

• You’ll need a tax identification number.
• A land registry search (tapu) is essential to verify the property’s ownership and legal status.
• A valuation report is required.
• You’ll need to work with a licensed real estate agent.
• Legal representation is highly recommended.
• Military clearance may be required in some cases, although this is becoming less common.

Plan for potential future sales by understanding capital gains tax implications.

In addition to the purchase price, you should factor in:

• Property Purchase Tax: Typically 4% of the declared value.
• Real estate agent fees: These vary, but are commonly 3% of the sales price.
• Legal fees: For conveyancing and other legal services.
• Land registry fees (tapu harcı).
• Valuation report fees.
• Translation fees (if needed).
• Insurance costs.
• Furniture and renovation costs (if applicable).

Accurately estimating these costs is essential for budgeting.

Bodrum is a popular tourist destination, and property values have generally appreciated over time. Factors to consider include:

• Tourism: Bodrum’s thriving tourism industry creates demand for rental properties.
• Infrastructure: Ongoing infrastructure development enhances the region’s appeal.
• Lifestyle: Bodrum’s beautiful scenery and relaxed lifestyle attract both domestic and international buyers.
• Economic factors: Like any investment, property values can fluctuate with economic conditions.

Be aware of common property buying mistakes to protect your investment.

Viewing properties in Bodrum can be done year-round, but consider these factors:

• Spring (April-May) and Autumn (September-October):
  • These are generally considered ideal times. The weather is pleasant, not too hot, and you can comfortably view properties.
  • These periods are also outside the peak tourist season, so you may find more availability and less crowded conditions.
• Summer (June-August):
  • Bodrum’s peak tourist season. While the weather is perfect for enjoying the region, it can be very hot, and properties may be busier with holiday rentals.
  • If you want to experience the vibrant summer atmosphere, this is the time to visit, but be prepared for higher prices and more competition.
• Winter (November-March):
  • The off-season. While some businesses may close, you’ll experience a quieter Bodrum.
  • This can be a good time to find deals, as sellers may be more motivated.
  • However, some properties may be less accessible, and the weather can be cooler and wetter.

Ultimately, the best time depends on your preferences and priorities.

A thorough inspection is crucial. Consider these points:

• Structural Integrity: Check for cracks, dampness, and any signs of structural damage. Pay attention to the roof, walls, and foundations.
• Plumbing and Electrical Systems: Ensure that the plumbing and electrical systems are in good working order. Test faucets, showers, and electrical outlets.
• Condition of Fixtures and Fittings: Inspect the condition of kitchens, bathrooms, and other fixtures.
• Sea Views and Orientation: If a sea view is important, assess the quality and orientation of the view. Consider the property’s sun exposure.
• Surrounding Area: Evaluate the neighborhood, proximity to amenities, and any potential noise or environmental factors.
• Legal Documentation: Verify that all legal documents are in order and that there are no outstanding debts or encumbrances.
• Earthquake safety: due to the location of turkey, checking the building for its earthquake safety is extremely important.

It is highly recommended to hire a professional surveyor to conduct a comprehensive inspection.

Understand the impact of property capital improvements on value.

Financing options include:

• Cash Purchase: Many buyers purchase properties in Bodrum with cash.
• Turkish Mortgages: Some Turkish banks offer mortgages to foreign buyers, but interest rates and terms may vary.
• International Mortgages: Some international banks may offer mortgages for overseas property purchases.
• Seller Financing: In some cases, sellers may offer financing options.

It’s essential to research and compare different financing options to find the best solution.

Beyond the initial purchase, consider these ongoing costs:

• Property Taxes: Annual property taxes are levied by the local municipality.
• Maintenance and Repairs: Budget for regular maintenance and potential repairs.
• Insurance: Property insurance is essential to protect your investment.
• Utility Bills: Water, electricity, and gas bills.
• Site Management Fees: If the property is in a complex, there may be site management fees for shared amenities.
• Homeowners association fees: if a property is in a community with a homeowners association, these fees must be taken into account.

Understand the broader economic context with information on the Turkish housing market.