Profitable purchase of real estate by the sea
in Bodrum
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Is it real to buy a house in Bodrum by the sea and how much does it cost?
Bodrum – a resort area of Turkey with elite construction and no less elite entertainment. Buy a house by the sea there will be quite difficult, because the first line are located hotels for holidaymakers. But still there is a lot to choose from.
How to buy a house in Bodrum by the sea and how profitable it is
Bodrum is washed by the warm Aegean Sea. For a long time this region has become the center of elite life: wealthy Europeans and wealthy Turks come here. Winters here are very warm – about 10 months a year locals spend swimming in the pool, sunbathing or making barbecues in the backyard.
The demand for real estate rentals in Bodrum is also extremely high. Rich tourists are ready to pay from 2500 thousand euros for a week of rest in the elite house on the sea coast. Therefore it makes sense to buy a house in Bodrum by the sea not only for yourself, but also to have a source of passive income.
The price for a luxury house in Bodrum starts at 1 million euros. There are cheaper options, but such apartments will be located on a hill, a little further than the first line. Such an offer can also be considered for business. The typical house in Bodrum has a spacious balcony with a stunning view of the sea.
Buy a house in Bodrum by the sea is also profitable for these reasons:
- A house by the sea in Turkey is many times cheaper than similar real estate in Europe;
- Every year, the cost of real estate is growing due to the strengthening of the economy and the increased interest among investors and tourists;
- practically year-round tourist flow will pay off the housing by the sea in Bodrum faster than in neighboring resort countries.
Despite the fact that Turkey is a Muslim country, a large percentage of tourists decide to either settle here or buy apartments in Bodrum for seasonal residence. And it should be noted that the Government of the Republic of Turkey goes to foreign property buyers.
For investors from abroad there is a simple scheme for obtaining a certificate of ownership of the house, there is a simplified system of taxation, if compared with the European states. And by acquiring a luxury villa in Bodrum, the buyer can expect to receive a residence permit or even citizenship under a simplified scheme.