Home / Bodrum / Buying in Turkey / Bodrum Tipped As Double Rental Prospect
It has been stated that the Turkish Aegean Peninsula of Bodrum provides a dual incentive to investors.
Both buyers and investors hoping to rent out property can benefit from the fact that the area boasts both a domestic and an international market for tourist rentals.
This is due to the fact that the peninsula is the preferred Turkish holiday destination not only for the Turks but also by tourists visiting from Britain, Sweden, Denmark and Germany.
Hannah Gelbart of Cumberland Properties, a property developer that owns three developments within the Bodrum Peninsula, affirms that “more than 50% of our buyers come from Ankara and Istanbul.”
Bodrum has a great many attractions, including cultural and historic features such as Bodrum Castle and the remains of the Mausoleum, one of the seven wonders of the Ancient World. It is also famed for its stunning marina, whitewashed houses, narrow winding streets and elegant boutiques.
Furthermore, its Underwater Archaeological Museum that is housed in Bodrum Castle is recognised as the best of its type in the world. It was the wealth of marine artefacts recovered locally that originally inspired the commissioning of the museum.
Diving for antiquities remains a firm favourite amongst the more adventurous tourists. The area boasts a full range of water sports from a gentle paddle or a trip out on a pedalo – for the less adventurous – through to parasailing and scuba diving courses all that can be arranged locally.
Recent studies in and around the area have noted that crime rates are minimal, as indeed is the cost of living. English is widely spoken throughout the region. During the summer months you could almost be forgiven for thinking it was the first language.
English pounds sterling, Euros, Dollars and obviously Turkish Lira are all in circulation during the summer months and are readily accepted in most local shops and markets. Although be prepared to have your change given in Turkish Lira. The UK especially continues to benefit from superb exchange rates virtually doubling your money.
Bodrum has been recently tipped as one of Turkey’s property hotspots for buyers in 2010, along with fellow Turkish resorts Altinkum and Dalaman.
