Profitable Investment Real Estate For Sale in Bodrum, Turkey
On the southwestern Aegean coast of Turkey, Bodrum can be found which is a world famous coastal city situated in Mugla Province, Turkey.
Located across from the Greek island of Kos, Bodrum has on offer the sought after Mediterranean climate, beaches and lifestyle that attracts tourists from across the world, which fuels the luxury property market, and thus supporting real estate investment.
Due to the areas limited coastline, as this is a peninsular land is at a premium, especially land with direct sea-views, with property in areas such as Yalikavak, Türkbükü, Gümüslük, and Göltürkbükü being very sought-after.
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
