Owning property in Muğla's Bodrum district, on the Turkish Riviera, not only offers a profitable means of investment but also assures an enjoyable holiday opportunity for local and foreign tourists alike.
Having the potential to attract many property investors from all over the world, Bodrum has been a popular tourist destination for years. One of the key factors prompting investors to choose Bodrum is the reasonably priced property, especially when compared to other Mediterranean countries such as Spain, France, Greece and Italy. Although domestic investors find the prices too high, they provide a good investment opportunity.
Prices expected to increase more
Prices will rise enough to compete with Spain's Mallorca and France's Saint Tropez regions soon, according to property experts. Property in the district is evaluated on the dollar and euro basis even today. The increase in property prices is expected to continue until it reached the level of rival countries.
Bodrum's specific architectural design defines the house characteristics of the district. The new housing projects are carried out without harming the historical structure of Bodrum that is famous for its whitewashed houses and special gardens. Construction firms that are gaining ground as a result of the increase in domestic demand can now undertake projects well enough to compete with their counterparts in Europe and the United States.
Summerhouses a new trend
Close attention to Bodrum's construction firms has drawn the attention of many large corporations that operate in such big cities such as Istanbul, Ankara and İzmir. However, the rising property prices as a result of the excessive demand led the firms to launch apartment housing projects rather than villas. With the comfort of villas, the apartments have gardens as well as swimming pools, and most of them are designed as duplex houses.
