Discover everything you need to know about the Bodrum, Yalikavak, and general Turkish real estate market by getting in touch with Darren Edwards. He has been selling properties in Bodrum for the past 14 years. There are very few estate agents who have a track record of producing year after year in Bodrum and Yalikavak.
Bodrum town centre commands the highest price per square meter while Yalikavak has the highest number of the peninsula’s premier standalone villas and mansions. In the past Turkbuku (Türkbükü) was popular with wealthy Turks who now seem to be heading towards Yalikavak where there are more chic restaurants and a year round lifestyle. Torba is still popular as there are nice beaches, peace and quiet and very easy access to Bodrum town.
Many in Turkey believe that investing in real estate is the best possible investment. The narrative goes that “house prices will always go up.” I believe this as well, but only if you buy at the right price, because you absolutely make your money when you buy. It’s also important to bear in mind that a lot of the most lucrative sales are discreet listings not visible via an internet search.
In this year’s report, Cushman & Wakefield (a global real estate services organization) did not see Turkish housing as being in a “bubble.” Likewise, a number of Turkish academics also indicated that national housing is following a normal path of growth.
As a real estate agent who has lived and worked in Bodrum, Turkey for over a decade, it is easy to understand how the community has flourished over the last few years.
What’s Bodrum, Turkey Real Estate Market Like?
The premier villa area is Yalikavak which has been an outstanding real estate performer with a new four lane road under way. You can reach the main shopping malls, private schools and hospitals in just ten minutes. The area consists of large independent villas on private plots typically of 5,000M2 with prices averaging at €1,500,000. A nice town centre villa with a private pool and a sea view on a gated complex averages at €500,000; a smart town centre two bedroom apartment with a shared pool goes for around €130,000. If you head out of the town and with some elevation with open sea views, prices dip and villas with a pool can be found for around €200,000 and can be ideal for generating good seasonal rental income.
If you’re in the market to buy real estate in Bodrum Turkey, and whether you’re looking for a luxury mansion or a smart apartment, please check www.luxurypropertyturkey.com and www.bodrumpropertyturkey.com As an experienced real estate broker I can help you find and negotiate exactly the type of property you are looking for.
By Darren Edwards