Investing in real estate is a great way to build an asset and a great opportunity to make a huge profit. Whether you choose to rent out a property that isn’t yours to own, or invest in a refurbishment project to boost the sale price, it can be a lucrative venture for the right investor.
While the type of property you choose to buy can affect your success, their location also plays a crucial role. If you are looking to make some international investments, here are a few top reasons why you should consider Bodrum, Turkey.
As mentioned above, location is everything. Bodrum is a haven on the southwestern coast of Turkey, some call it the pearl of the Aegean Sea. Not only does the area offer uninterrupted views of the blue sea and magnificent rugged coastline, it is also sunny, creating a truly idyllic setting for those who live there. If you are interested in investing in real estate in an area of natural beauty, Bodrum is certainly a strong contender.
Another excellent reason to invest in real estate in Bodrum is that it can also have a vibrant neighborhood where residents have a lot to do. It is especially popular with ex-pats who choose to relocate to Turkey for retirement or work. Bodrum has many great restaurants and bars, making it a popular choice for holidaymakers. You can also explore other activities in the area that may interest you.
great opportunity to rent
If you are not planning to use this property as your full time residence, there is also a good chance you can rent it out. As mentioned above, Bodrum can be a popular holiday destination; therefore, it should be easy to rent out your property to someone looking for private accommodation rather than a hotel.
You might even find that you can rent out the property to full-time tenants in the area, if you wish. This could be a great opportunity to see a return on your investment and make more profit from your property.
Various property options
Another benefit of adding Bodrum to your real estate portfolio is that there is a huge selection and properties for sale at great prices, some of which you can browse on turkeyhomes.com. Finding the property you’re interested in in Bodrum shouldn’t be a big problem, and you can buy it at a much lower cost than similar options elsewhere in the world.
Chances of Obtaining Turkish Citizenship
You also have the opportunity to acquire Turkish citizenship by investment. Not all investors are interested in this, but if you hope to make Turkey a permanent residence one day or plan to spend a lot of time in Bodrum or other parts of the country, this could be useful to you. However, you’ll need to spend a certain amount of money on the property to qualify for this, but it’s possible for you.
If you are looking to expand your international real estate portfolio, Turkey is certainly a country to explore, and Bodrum is an exceptional location that could be the perfect investment.