Investing in real estate can be a great way to build your assets and can present a fantastic opportunity to make good profits. Whether you choose to lease the properties you don’t call home to others, or you are investing in renovation projects to sell for an increased price, this can certainly be a lucrative venture for the right investor.
While the type of properties you choose to purchase can play a part in your success, their location of them also plays a vital role. If you are seeking to make some international investments, below are a few key reasons why you should consider Bodrum, Turkey.
As mentioned above, location is everything. Bodrum is a haven situated on the southwest coast of Turkey, and some refer to it as the Jewel of the Aegean. Not only does this area offer sweeping views of brilliant blue seas and a gorgeous, rugged coastline but the sun is always shining, creating a truly idyllic environment for those who live there. If you are interested in investing in real estate in areas of natural beauty, Bodrum is certainly a strong contender.
A Vibrant Community
Another excellent reason to invest in property in Bodrum is that it can also boast a vibrant community with plenty of things for residents to do. It is particularly popular with ex-pats who have chosen to relocate to Turkey for retirement or work. Bodrum has a lot of great restaurants and bars, making it a popular choice for holidaymakers as well. You could also explore other activities you may be interested in the area.
Great Opportunity to Lease
If you aren’t planning to live in this property as your full-time residence, you will also have a great opportunity to lease it. As mentioned above, Bodrum can be a popular holiday destination; therefore, renting your property to people seeking private accommodation over hotels should be easy.
You may even find that you can lease your property to full-time tenants in the area instead if this is preferable. This can be an excellent opportunity to see a return on your investment and make more profits on your property.
A lot of Property Choice
Another benefit to adding Bodrum to your real estate portfolio is that there are a lot of choices, and properties are being sold at great prices, some of which you can browse at turkeyhomes.com. Finding the kind of property that you are interested in shouldn’t be too much of a challenge in Bodrum and you could be purchasing it for a much lower cost compared to similar options in other parts of the world.
The Opportunity for Turkish Citizenship
There is also the chance for you to gain citizenship in Turkey via investment. Not all investors may be interested in this, but if you are looking to one day make Turkey a permanent residence or intend to spend a significant amount of time in Bodrum or other parts of the country, this could be useful to you. You will need to spend a certain amount on a property to qualify for this, however, but it is a possibility for you.
If you are looking to broaden your international real estate portfolio, Turkey is certainly a country worth exploring and Bodrum is a particular spot that could be a perfect investment.