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Investing in Mugla, Turkey: A Comprehensive Guide to Buying Property

Posted by BlogEditor on 25 June 2024
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Buyers who want to invest in overseas property should look at houses for sale in Mugla, Turkey. This Mediterranean and Aegean coastal province is a popular destination for property sales to home buyers from around the world. The vast portfolio of new listings includes detached and semi-detached villas and apartments for sale. Whether you want a new build, fully furnished property, for sale by owner, off-plan, or to buy directly from home builders, every buyer will find the perfect dream home to invest in.

Maybe you want a specific feature like a terrace, balcony, swimming pool, garage, or a nice sea view to wake up to. Alternatively, a beachfront buy-to-let furnished apartment will slot nicely into your real estate investment portfolio. Let’s look at reasons why the Mugla region is a great place to choose, what to consider when looking at property for sale, the buying process, and eventually, the year-round management.

Why Buy in Mugla?

It would be easier to ask why not because there are ample reasons that lure in hundreds of buyers every year. Let’s start with the gorgeous weather climate, beautiful beaches, cosmopolitan atmosphere, places of natural beauty, and plenty of choices for shopping, eating, and nightlife. Aside from that, both Bodrum and Dalaman International airports operate flights from countries all around the world. There is always plenty to do and many places to go, but the biggest lure is property prices that, when compared to places like Spain, Portugal, or France, offer outstanding value for money.

Is it Safe for Foreigners to Buy a House in Turkey?

Yes, it is safe if buyers follow the recommended guidelines and don’t cut corners. Always use a licensed real estate agent and a lawyer. Compared to 15 years ago, the tightened-up process means buyers can have more confidence in the Turkish property market. As professional agents, we guide you through every step and keep you fully informed throughout the buying process.

Our Mugla Bodrum real estate page.

Do You Get Residency if You Buy Property in Turkey?

You don’t have to buy property in Turkey to get a residency visa. Also, the house-buying and residency application processes are two completely different things. The residency application still has requirements to be fulfilled, like proving you can financially support yourself. However, buyers who invest $250,000 when looking at homes for sale and plan to keep it for at least three years will be eligible to apply for citizenship.

Tips for a Property Search

Know Your Finances: Before looking at properties for sale, get your finances in order because there are two different currencies to consider and additional purchasing costs like solicitors and translators. Remember, the currency exchange rate fluctuates, so factor this in when estimating annual running costs.

Home Search: Think about your lifestyle needs. Will it be a family home? How many bathrooms and bedrooms do you need? Do you prefer open-plan living or separate kitchen and living rooms? For a villa with a swimming pool, do you want it private or communal? Non-drivers should consider the walking distance to shops, bars, restaurants, banks, and transport links. Define your lifestyle theme and reason for buying, then start your search.

Finding Houses for Sale: Browse our portfolio of bargain and luxury villas, townhouses, and flats for sale. Each listing includes all necessary details, including photos, floor plans if applicable, plot sizes, home features, price, and location. For more information or to arrange a viewing, use the provided contact details.

How to Buy

Once you find your ideal home for sale, it is time to start the buying process. As your estate agent, we guide you thoroughly through this. Steps include the valuation report, putting in an offer, advice on transferring money, getting a tax number, contracts, the notary office, and land register. Although it isn’t required by law, we recommend every buyer should use a solicitor. Read more about the buying process.

Renting Out and Property Management

When renting out your new home, either for passive income or to cover running costs, owners must adhere to specific regulations and pay rental income tax above a certain threshold. Non-residents should use a keyholder or management company to keep an eye on the property and arrange cleaning, especially for holiday lets.

Where to Buy?

If you don’t already know where to buy, there are many suburbs, countryside, and coastal resorts to choose from. Some stand out more than others for good reasons.

Stylish Yalikavak: For luxury villas, prestigious Yalikavak is an excellent place to start. Many exquisite villas have upstairs terraces overlooking the Aegean Sea, offering stunning views. This town has a large expat population and a yachting scene with many mega yachts docking at the marina.

Rustic Gumusluk: If you desire traditional charm with modern touches, Gumusluk is perfect. This small rural town takes each day as it comes. While there are a few apartments for sale, most of the market revolves around villas.

Bodrum Town: For those who want to be in the heart of the action, Bodrum town center is ideal. With easy access to the central bus station and being a short distance from the airport, getting around is convenient. The town center’s property portfolio is extensive, with many homes boasting stunning sea views.

Beautiful Dalyan: Budget buyers looking for flats or villas will feel at home in Dalyan. Located between Fethiye and Marmaris, whether you want a detached house, duplex, or a ground-floor apartment, prices per square meter make it one of the Mediterranean’s most affordable areas. Dalyan is favored by homebuyers looking to live in Turkey year-round for its rustic, laid-back atmosphere and proximity to natural beauty.

Ovacik and Hisaronu: Initially built to accommodate a tourism overspill from Oludeniz, these two towns offer large villas, many of which are inhabited year-round. Both resorts offer a typical British ambiance and stunning views of the Taurus Mountains.

Calis Beach: Known for its improved promenade, Calis Beach attracts buyers looking for a beachside holiday home. Prices per square meter are affordable given its coastal position, and the stunning sunset is a major draw. For a buy-to-let home, Calis provides a perfect market for high occupancy and decent rental yields.

Fethiye City: For those who want to be in the heart of the city, near a famous harbor and marina, Fethiye city center is perfect. The local bus station and a vast choice of bars, restaurants, and shops mean everything is on your doorstep. Each residential area offers something unique, and our agents can provide expert local knowledge.

By following these tips and insights, you can find the perfect property in Mugla, Turkey, and make a sound investment in this beautiful coastal region.

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