Muğla Bodrum Fethiye Marmaris real estate fore sale - Izmir Estate

Muğla Bodrum Fethiye Marmaris Properties

Property for sale in Fethiye is your key to year round sunshine, beautiful mountain views, white sands, culture, history. You need me to go on? Fethiye (Telmessos of ancient Lycian civilization, now a district of Mugla on Turkish Aegean), is a hot destinationRead more

right now and Fethiye real estate is sizzling. This unique and beautifully diverse area is not merely a holiday home destination but a working town and suited to year round living in Turkey.

How much does it cost to buy property for sale in Fethiye?

Property for sale in Fethiye ranges from spacious 3-4 bedroom villas in Ovacik, Fethiye, from around 150,000 Euros overlooking Oludeniz Beach to bargain 2 bedroom apartments in Fethiye Calis Beach near Tlos and Ancient Rock Tombes from around 60,000 Euros. Sea view holiday homes in Fethiye are generally not the rule, where flat land and hilly inland settlements obscure the sea – but that’s ok when you have the beach on your doorstep. Most villas in Fethiye, Turkey, over 120,000 Euros have their own private pool and landscaped garden, whereas apartments and smaller villas in family complexes will generally have a large shared pool and communal landscaped garden.

Is Fethiye real estate a good investment?

As well as being popular as a permanent base, rental Fethiye property is also in high demand as increasing numbers of tourists seek self catering holidays. Rental yields in the area range from 4% – 8%, depending on whether you’re in a high-demand areas like Hisaronu, Ovacik near Oludeniz Beach or in quieter Uzumlu not far from Saklikent Canyon. The increased numbers of buyers are pushing prices up, ensuring property for sale in Fethiye is an extremely favourable investment option. The average price of property for sale in Fethiye has risen from £52,600 in 2001 to £99,500 in 2011. This includes apartments and houses.

Who are the main foreign buyers of holiday homes in Fethiye?

British are the top buyers and 7,500 are now permanent residents. The next highest expat residents are Germans, Dutch and Russians. Germans tend to buy properties in Fethiye centre, while British expats prefer Fethiye houses in the countryside. If you’re looking for a permanent home or a holiday home with the extra advantage of high rental yields and capital gains, look for the town that’s nestled between mountains and sea – look for property in Fethiye, where you can enjoy the quiet Butterfly Valley or stunning Gemiler Beach.

Is Fethiye all about bargain properties and low cost of living?

Low cost of living is a given in Fethiye for sure, however, not all properties fall into the ‘bargain holiday homes’ category. There are some proper luxury homes around too. Take a look at Sovalye island for example for some stunning luxury villas in Fethiye right at the edge of water with private mooring. You can still buy one of these exceptionally beautiful houses under Euro 1m. The same (not that you would find such idyllic locations anywhere else in the Mediterranean) would easily set you back several million Euros in the south of France or Spain. So, indeed Fethiye is a truly gifted land for real estate investment and lifestyle.

Even after all these years, the Bodrum real estate market, on the south-western Aegean coast of Turkey, is still one of the top spots for snapping up holiday homes overseas. Buying property for sale in Bodrum, located in Mugla Province, is more than investing in bricks and mortar. Those who buy Bodrum property and real estate buy into an idea, a way of life that’s both sophisticated and laid back. Bodrum caters for all budgets with bargain properties available as well as some of Turkey’s most luxurious villas with price tags in multiples of millions. With its Castle of St. Peter, Mausoleum at Halicarnassus, ancient Myndos Gate and sandy Camel Beach you will not have a dull moment.

 

Why buy Bodrum property?

Bodrum, the jewel of the Aegean, is a truly multicultural place. It is a great deal more than a holiday resort. It is where ancient history effortlessly merges with modern day contemporary living. The old stone houses of Bodrum, that have stood witness to centuries of Aegean folklore, now offer atmospheric settings for some of the area’s trendiest bars and restaurants. Within the vicinity of ancient town centres, you find the new built modern property for sale in Bodrum, where the beautiful contrast of old and new becomes even more apparent.

If you are looking for a permanent base in Turkey, where life does not just rotate around seasonal tourism and holiday-makers, a Bodrum property could be your dream home in the sun. Bodrum Milas airport is a mere 30 minute drive in to the Peninsula, Yalikavak can be reached in 50 minutes; Turkbuku is around 40 minutes by car and further south Gumusluk is just under an hour. Accessing your home in Bodrum is easy from anywhere in the world and throughout the year.        

Despite its compact geography – you can drive a full circle around the peninsula in less than 90 minutes – Bodrum is exceptionally multidimensional. If you are into sailing and boats, a Bodrum property gives you access to some of the Mediterranean’s most attractive sailing routes as well as three excellent marinas. Within 15 minutes drive of your property, no matter where it is located on the peninsula, you can find some of the most tranquil getaways and nostalgic spots, where time appears to have stood still for hundreds of years. Gumusluk heritage zone around the Rabbit Island with its small fishermen’s harbour is a prime example of these.  Having strolled the day to sunset on the seaside, you can enjoy a candle-lit dinner at the buzzing marina yacht club in Bodrum with live music from down below ranging from modern contemporaries to old time jazz hits. 

 

How to buy property in Bodrum

Once you have decided to invest in a property overseas and liked the appeal of Bodrum, you ought to ask yourself some fundamental questions regarding the lifestyle you want. 

  • Are you after a holiday home, just a place to relax a few weeks a year with little interaction other the pool and the sun or 
  • Something a little more than that?
  • Do you wish to maximise rental income from your property? 
  • Do you have young children, whose needs and entertainment you ought to keep in mind?  
  • Are you looking for a property that will cater for year round living?  

 These are some of the questions you ought to ask yourselves before you come to Bodrum looking for the right property to buy.  The answers to these questions will have a significant bearing on where in Bodrum and what type of property we should be selecting for you to view.   As noted above, despite its seemingly small geography, Bodrum incorporates many different lifestyles in one and various different towns on the peninsula have very different characters.

Once we have identified your requirements and found the right property for sale in Bodrum, the rest is easy, we follow our recommended purchase process and buying overseas will be safe and smooth.  


Bodrum property hotspots

The best story award goes to scenic Yalikavak. With its windmills, exciting hilly landscape, hidden coves and state of the art new marina, Palmarina Bodrum, Yalikavak is a prime investment destination.  The area offers a wide range of properties, from bargain apartments to some of Bodrum’s most exclusive villas nestled in hilltops with very large private gardens.  There are a good number of managed complexes available in Yalikavak with panoramic villas and apartments that are affordable, luxurious and modern.  Yalikavak also offers the highest number of beachfront real estate in Bodrum, some with jetties and mooring in front.  

Yalikavak’s most sought after areas are the Mansions District directly behind the marina up in the hills, Kudur Peninsula and Geris Heights.  These all offer breathtaking sea and island views from older white-washed traditional houses and the modern new build properties constructed in the last 5 – 8 years. The charming town centre of Yalikavak is expanding and becoming livelier year on year. Formerly a mere holiday home destination, now the area sustains year round life with shopping malls, restaurants and town amenities that stay open 12 months of the year.  
Availability of development land and re-zoning of Yalikavak in November 2013 will no doubt trigger substantial further real estate development in the area. The upside is that new planning regulations do not allow high build density on available land plots and clusters of cooperative style properties will not be encouraged.  Yalikavak is primed for high-end residential and 5 star commercial property developments. We expect the new face of the area will bring with it steep price increases particularly within close vicinity of Palmarina Bodrum.  

Some of the best rental yields in Bodrum are found in Yalikavak holiday homes. Villas with private pools and open sea views are always in high demand. 

Turkbuku, which is made up of two consecutive bays, Turkbuku and Golkoy, collectively Golturkbuku, has been the choice of the Turkish elite and celebrity since the late 80’s. Its crescent shaped bay, which acts like a natural marina, is ideal for large mooring yachts to shelter for weeks at a time without having to seek home in a marina. The seafront boasts some of the finest villas in Bodrum with mooring and beach platforms. All along the seafront, there are boutique hotels, restaurants and small cafes that all candle-light up in the evenings providing the idyllic setting that came to be known as ‘the Turkbuku nights’.  

In terms of price per square metre, properties in Turkbuku are some of the most expensive that Bodrum has to offer.  These high prices are driven by Turkish second home buyers and certainly not by foreign buyers. Neighbouring bays to Turkbuku such as Hebil, Paradise Bay, Golkoy are all highly desirable locations with some of the most stunning properties for sale in Bodrum. 

Turkbuku is generally a holiday home destination and very seasonal. If you are looking for a permanent base in Bodrum, then unless you like it on the ‘too quiet’ side, Turkbuku may not be the right choice.  Holiday homes deliver very strong rentals, we must add. 

Once a small fishing village and home to Myndos, the oldest settlement in Bodrum, Gumusluk always retains its appeal for overseas and Turkish home buyers alike. Unfortunately, some parts of Gumusluk have been spoilt by irregular cooperative style developments in the property boom of early 2000’s. Fortunately, ongoing excavations and ancient ruins around the old town of Gumusluk near the Rabbit Island have helped preserve some of the seaside districts of Gumusluk in its authentic charm.  South-west facing Gumusluk enjoys some of the most striking sunsets imaginable. Property prices come at a discount to Yalikavak and seafront land can be bought at a fraction of the cost of Turkbuku.    

Bodrum Town, the centre of old Halicarnassus, is where the heart beats and always in demand for real estate.  There is very little land remaining with permission to build in and around Bodrum Town, therefore demand versus supply dictates that prices will carry on appreciating.  If you are looking for a colourful vibrant place to live, where trendy bars, restaurants, night clubs and marina facilities are at your doorstep, then buy a home here. You will not have the size of land or tranquil settings of Yalikavak’s hills or Turkbuku, however, you will feel the buzz all the time come summer or winter. 

Stone houses of Bodrum are worth a look also. They make most authentic homes as well as bars and restaurants. There are still some good buys waiting to be restored and renovated.      


Prices for property for sale in Bodrum

As discussed above, prices vary from area to area and desirability of locations within areas, however, the following is a rough guide as to what you can expect to pay for a home in Bodrum peninsula. 

  • 2 bedroom apartments in a hillside complex with sea view range from as low as Euro 60,000 to Euro 200,000.  Best bargains are found in Gumusluk, some parts of Yalikavak and Turgutreis. Turkbuku and prime location Bodrum Town are the top ends. 
  • 2 bedroom apartments at the seafront in Yalikavak, Turkbuku or Bodrum Town can range up to Euro 500,000.  These are generally luxurious properties with hotel like facilities on offer and on-site management with concierge services such as the Kuum residences in Turkbuku and several similar in Yalikavak. 
  • 3 or 4 bedroom villas in small to medium size complexes with shared facilities such as swimming pools, cafes, fitness start from Euro 120,000 in the hills of Gumusluk and range to Euro 500,000 in more desirable panoramic locations of Yalikavak, Turkbuku and Bodrum Town. Most of these have private pools also.  You can buy an attractive detached villa with private in pool in Yalikavak from around Euro 200,000 – Euro 350,000. 
  • Beachfront villas and seafront homes start from around Euro 500,000 for the most basic and range to Euro 10m for the most luxurious ones with private beach access and mooring.  
  • Mansions in the hills of Yalikavak and Turkbuku, our exclusive homes category, are generally priced in the Euro 1m – Euro 4m range depending on size, location and land area. 

Note: Our price indications do not include cooperative properties due to the fact that most of them have title deed issues and lack of habitation licence.  If you come across properties in Bodrum that appear to be substantially below the prices indicated above, please make sure you check habitation and title deed completeness prior to proceeding with a purchase.     

 

Is Bodrum property a good investment?  

Unlike most other holiday resorts in Turkey, Bodrum real estate is heavily geared toward domestic buyers. Bodrum is a brand in Turkey and having a second home in Bodrum has long been an established trend. Up to 80% of all properties are owned by Turks and not by foreign buyers. Majority of Bodrum’s most exclusive and expensive homes have Turkish owners.  Mandarin Oriental Bodrum launched its hotel plus residences in Istanbul, Turkey and not in the overseas home buyer market. Bodrum apartments for sale start from Euro 500,000 for the most basic and villas front-line to sea within the complex are priced up to Euro 7.5m. Up to 85% of all units were sold in the domestic market within 12 months of launch.  Strong and stable domestic demand is one of the most sought-after signals of a high-performing real estate market, particularly when it comes to seaside towns. It indicates that the market is far less vulnerable to changes in holiday home buying trends globally. This is a major positive indicator that a foreign property investor should underline before making the purchase decision. Strong and assured exit strategy is a key investment factor. 

Premiums in Bodrum are not with the standard run-of-the-mill homes but with the more exclusive, luxury property end of the market. Our analysis indicates that this is where the demand is highest and where price appreciation is in double digits year on year. 

Bodrum’s summer season is June to October, in other words around 20 weeks. This is the peak season for Bodrum. Rental returns of attractive holiday homes, villas with private pools and luxury apartments are comparable to Kalkan, which is always tipped as the highest rental yielding resort in Turkey. Having said that, in order to generate 6%+ annually one should be very selective in what one buys. Modern contemporary with open sea views and close to town amenities are key success factors. 

 

Are there any restricted zones in Bodrum for foreign nationals purchasing real estate?

The north, west and most of eastern coastlines are available for foreign nationals purchasing real estate. The areas that directly overlook the Greek islands, particularly the island of Kos, are not open to foreign purchase. These include most parts of Bitez, Ortakent, Yahsi, Akyarlar and some parts of Gumbet and Turgutreis. Areas such as Yalikavak, Bodrum Town, Gumusluk, Torba, Turkbuku and Gundogan are perfectly safe and clear for foreign nationals buying land and property.

Marmaris is a well known location that has something to suit all age groups. Combining beauty with a passion for life, Marmaris property really has got everything to offer. Marmaris is ideally located on the Mediterranean coast in the south west region along the shores of the Turkish Riviera, it benefits from two major marinas as well as a number of smaller ones.

The population of Marmaris is in the region of 30,000 during the winter with holiday makers pushing this number into the excess of 300,000 during the high season. Average statistics suggest that since 1980 there has been an increase of 10,000 visitors to the area year on year. The climate in Marmaris is idyllic with endless sunshine and extremely mild winters. Rain is rare and if at all tends to be during November and December. 

 

How much does it cost to buy a Marmaris property?

Property for sale in Marmaris may seem expensive in comparison with other Turkish resorts however not without very good reason. On average tough an apartment in a nice complex will generally cost in the region of £50,000. The purchase of a three bedroom apartment located just 100 metres from the beach will be priced from around £100,000. Marmaris villas for sale that are situated on a nice complex will be priced at about £120,000 and a luxury villa with a good degree of privacy will be in the price bracket of approximately £200,000 up to the millions. Properties for sale in Marmaris varies with something for buyers of all budgets. 

 

Is Marmaris real estate a good investment?

Marmaris is known to have something good for everyone, which includes the range of Marmaris property, and it is a very busy resort that commands exceptional rental returns. Real estate prices in this area have been rising per annum therefore purchasing a property in Marmaris offers the potential of outstanding capital gains. 

 

Who buys property in Marmaris?

Property in Marmaris continues to be a popular choice for foreign purchasers as more people are finding Marmaris property more affordable and that Turks do make the most charming neighbours. 

The properties in Marmaris that are not purchased purely as an investment, to be rented or for resale are more than likely to be purchased as a holiday home, particularly with the increasingly efficient air services and new airports that have now made Turkey accessible all year round. Other than this there are a lot of retired people choosing to relocate to Marmaris to take advantage of the wonderful climate and the quality of life that a move to here would afford them. Marmaris is also the number choice amongst the sailing fraternity with the excellent mooring facilities and sailing routes that are available from here.

 

Sailing in Marmaris

Marmaris offers exceptional sailing with fair winds, enticing bays, exceptional scenery and places to anchor and the unique geographical features of the coastline which are ideal for sailing. The climate for this region also contributes to the endless sailing opportunities, with April – October offering up to 9 hours of sunshine, whilst June, July and August are the hottest of months. 

During the summer months the wind is Meltemi and blows from NW to WNW whilst in early and late summer the meltemi is weaker and there are times when there is no wind felt for several days. 

The coast of Marmaris is surrounded by huge mountain ranges that drop directly into the sea. The outstanding combination of historical, cultural, outstanding sailing and superb swimming makes this coastline perfect for sailing. 

Marmaris property is among the best in Turkey, buyers will never tire of life here while investors can enjoy a wealth of rental possibilities and income prospects. Contact us today for latest offers and exclusives that you won’t find elsewhere. 

Muğla Bodrum Fethiye Marmaris real estate fore sale

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