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.

Bodrum Turkey’s Upmarket Resort

Bodrum is one of Turkey’s longest established resorts. It boasts world-class facilities including it’s own airport, and a wealth of history, most notably the Mausoleum of Halicarnassos, one of the seven wonders of the ancient world. The main resort itself has long been a favourite holiday destination of the Turkish elite and as such, there is a vibrant nightlife scene. The close-by resort of Gümbet is also famous for its discos and bars. In contrast, the Bodrum peninsula offers a calmer alternative: a shore line characterised by charming fishing villages with whitewashed houses, crystal clear water and a welcoming breeze.

Welcome to Turkey

Turkey has been growing in popularity with holiday home buyers attracted by its low prices, warm climate and beaches in recent times. it has also become a hot spot for international investors, who have snapped up $10 billion (£5.4 billion) worth of housing in the past five years. The modern Republic of Turkey is situated on the cusp of Europe  and Asia in one of the most historical areas of the globe.The Turkish people have an unrivalled reputation for hospitality, the cuisine is delicious, and the coastline has been awarded The Blue Flag of Excellence.