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Where to buy a townhouse in Bodrum to get a passive income from the rent
Even in the fall or spring it rarely rains in Bodrum. In July, the air temperature almost never rises above 27˚ and the water temperature does not drop below 23 degrees. Just imagine waking up in your own townhouse in Bodrum to the sound of the Aegean Sea and admiring the incredible sunrise. In pursuit of this dream, many families decide to move to Turkey for permanent residence.
Bodrum is known for its mild climate and quiet surroundings. It is a port city in the province of Mugla, on the coastline where modern townhouses are located. Winters here are relatively warm, which allows you to live near the sea in comfort at any time of year. These aspects make Bodrum a popular destination for investing in residential real estate.
Why should you buy a townhouse in Bodrum: 3 reasons
Analysts and realtors believe that a townhouse in Bodrum, on average, pays for itself in 5-7 years, which depends on its distance from the first coastline. We have gathered for you some facts that prove that Bodrum can and should be considered for investment:
- There are quite a lot of cultural attractions. For example, the Mausoleum of Mausolus – one of the seven ancient wonders of the world. Accordingly, the tourist flow here is decent and there is a demand for rental housing. This is especially true for townhouses – a relatively budget residential complex with quick access to the adjacent territory.
- In Bodrum, you can buy a townhouse on any purse. There is a luxury development, as well as simpler options. But they will already be at a distance from the first coast line. As for revenues, tourists are willing to pay from 2000 thousand euros a week to stay in townhouses with beautiful views.
- The economic situation in Turkey is improving every year, also due to the decent flow of investment in residential and commercial real estate. The same townhouses have become incredibly popular with tourists: they are cheaper than renting a villa, but the living conditions are very similar.
In addition, the tax system in the country is very loyal to foreign investors – the rate here starts at 0.1%. It is best to buy townhouses in Bodrum at the stage of its construction. Then repay the money you spent can be even faster.
In what area is better to buy a townhouse in Bodrum
If you want to move to Turkey for permanent residence, then buy a home should be based on personal activities and preferences in recreation. For example, lovers of club life, dancing on the promenade until dawn, should look for townhouses in Gumbet. Here in one area are collected entertainment centers and all the noisy establishments of Bodrum.
If, on the contrary, you are attracted by a quiet and measured life, then look for a townhouse in Kadikalesi. This is an ancient region of the peninsula, which was once an Ottoman fortress. Since then many ancient buildings have survived here.
The townhouses in Bodrum bays are worth your attention. These quiet and secluded areas where romance reigns. The objects of real estate here will cost dearly enough – the prices start from a mark in 250 thousand euros.