Property in Bodrum: in which neighbourhoods you can find affordable options
Despite economic difficulties, Turkey remains an attractive destination for investors. Property in Bodrum, one of the country’s main tourist regions, is particularly in demand. The regular inflow of capital into the local market confirms its stability. The developed tourist infrastructure increases interest in both affordable and premium accommodation.
Bodrum is one of the most promising destinations for investors. In the first four months of 2025, the average cost of housing in the city increased by almost 15%. The current situation on the market is as follows:
1. The average price of an object with an area of 130 square metres is US$380,000.
2. A square metre of real estate in the city costs on average US$2,775.
3. The return on investment for rental housing is approximately 22 months.
Features of Bodrum neighbourhoods
The city offers a wide choice of real estate, and the cost strongly depends on the district. The most expensive are considered to be:
– Türkbükü – US$4244 per square metre.
– Tepejik – US$4129 per square metre.
– Gelkay – US$3994 per square metre.
More affordable options can be found in Karaova and Mumjular districts, where prices start from US$1,091 per square metre. Prices are slightly higher in Gelbashi and Gyuverdjinlik. The latter is the most optimal choice. Unlike other affordable neighbourhoods, it is located on the coast, which is an important factor for tenants. While it is possible to reach the sea from other neighbourhoods, especially if you have a car, Gyuverdjinlik is the most convenient.
The Yalikavak district is popular with tourists who prefer active holidays. Clubs, bars, and other entertainment facilities are located here. Despite the relatively low housing prices, the high level of noise and activity reduces living comfort.
In terms of return on investment, experts advise paying attention to Güverdzinlik. Full payback is achieved here in 13 years. The Cevat Shakir, Karaova, and Mumcular districts also show good indicators, with a payback period of around 16 years. However, Türkbükü, Küçükbük, and Çamlık are considered the least favourable in this respect. Here, the payback period for an investment ranges from 32 to 39 years.
Market trends
It is worth noting that property values are rising not only in Bodrum. In the first quarter of 2025, Turkey recorded the highest price growth in eight months. On a year-on-year basis, housing prices increased by 32%. However, the country still has a high inflation rate; when this is taken into account, prices decreased by 4%.
The greatest increase in property prices was recorded in the major cities of Istanbul, Ankara, and Izmir.