Bodrum is Investor’s Best Bet

bodrum_castle Recent research carried out by Obelisk International, a major real estate company, has identified the Bodrum peninsula in Turkey as the top investment location for 2007. The area’s popularity with tourists is already well established with around 70% of Turkey’s tourists visiting Bodrum, including various celebrities. When this is combined with a promising emerging property market and increasing corporate investment, Bodrum ticks all the boxes for a sound investment.

In the last few years real estate prices in Bodrum have stepped up by 50% as a result of changes in tourism and real estate infrastructure by Turkish authorities. But property is still cheap by European standards and highly affordable for overseas investors.

The buy-to-let market is growing fast, propelled by increasing numbers of charter flights to the region and the Turkish government’s increased tourism budget for the area. A new airport and two new marinas have recently been constructed and there are plans for further developments and amenities. A winter tourism market is now evolving, offering winter activities and spa hotels.

Bodrum has long been recognised as one of Turkey’s most upmarket holiday resorts, encouraging foreign investors to buy holiday homes and retirement properties in the area. The British community has been growing over recent years with around 2,000 Britons relocating to Bodrum in the last six years. Turkey is one of the most popular locations for property investment thanks to Turkey’s rapidly growing economy and tourism industry. Experts predict that the market will continue to swell to become one of Europe’s most lucrative and competitive property markets.
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