Bodrum is a port city and the center of the Dongmyeong region in the Mugla province of southwestern Turkey. It is located on the southern coast of the Bodrum Peninsula at the mouth of Gökova Bay.
Bodrum has experienced a revitalization over the past half-century, turning a once-sleepy community into one of Turkey’s most popular holiday destinations. Windy beaches and sparkling seas create the ideal setting for a beach holiday. Bodrum City Center is the main resort on the Bodrum Peninsula, with a variety of hotels, resorts, apartments, restaurants, cafes, bars, clubs, marinas, entertainment centers, and more. Daily life there is great. Bodrum City Center is also the center of entertainment and intense nightlife on the Bodrum Peninsula. Bodrum Castle, also known as St. Peter’s Castle, is a majestic waterfront architecture that is over 600 years old and is an excellent example of a gothic fortress, with winding passageways and walking towers designed to take over the castle.
Bodrum is a very demanded real estate market for foreign property buyers. Among other optional destinations on the Aegean and Mediterranean coasts, many nationalities seek a vacation home or permanent relocation.
Besides foreigners, people of Turkish nationality also prefer Bodrum to other regions in Turkey. It’s not uncommon to see wealthy locals buying summer cottages in the area to enjoy their stay and the charming atmosphere. It’s also light-hearted and friendly, but not overly intrusive.
Locals have made it the perfect destination for the wealthy and famous. One of the main areas where real estate prices in Bodrum are at their highest in Yalikavak, located on the northwestern tip of the peninsula, where Palmarina was completely renovated a few years ago and has grown into one of the trendiest marinas. The Turkish coast is a very lucrative area in terms of rental yields if you are looking to buy investment properties in Bodrum. Traditional houses in Bodrum feature prismatic shapes, simple designs, locally produced building materials such as stone, wood, clay, and reeds, and typically have white exterior walls with some blue details.
Despite the stream of foreign buyers to Bodrum, more Turkish buyers continue to appear on the peninsula. A favorite for wealthy Turks is the northernmost region of Turkbuku, which again offers high rental yields to discerning Turkish visitors.
The most valuable areas in the region are Gmubet, Ortakent, Turgutreis, Bitez, Gundogan, Golturbuku, and Torba. These places include luxurious mansions, expensive villas, Stylish houses, and lots of vacant lots.