Ölüdeniz is often considered one of the best and most beautiful resorts in Turkey and across Europe. It has long attracted investors, second-home buyers, and expatriates looking for a luxurious coastal property with unparalleled sea views.
The crown in the Turkish turquoise coast is undoubtedly stunning, home to the famous Blue Lagoon, which welcomes an influx of visitors in the summer. That can mean some residential buyers choose to purchase property a little further from the hustle and bustle, while others take advantage of high returns on investments and rental property acquisitions.
Property Turkey, the local experts in the Turkish property market, share some advice and guidance about real estate opportunities around Ölüdeniz and the Blue Lagoon, with information about the availability of new-build and resale homes, the best places to live, and the pros and cons.
Advantages of Picking Ölüdeniz for Your Turkish Property Acquisition
Ölüdeniz is an incredible resort with a laid-back lifestyle centred around Belcekız Beach, the seafront promenade, and the numerous bars, restaurants, hotels and family-friendly amenities that visitors travel from around the world to enjoy.
One consideration for property buyers is that, given the region's popularity and concerns around risks of overdevelopment, there are strict bans on new constructions. This means properties that come onto the market are limited, driving competition between buyers.
However, this is also a great benefit because the protected area around Ölüdeniz and the beach, now a designated National Park, means that the captivating views and access to the beach are highly unlikely to change, providing picture-perfect sunsets and pristine panoramas over the local landscape.
The town is small, easy to navigate and has all of the modern conveniences and lifestyle comforts you might need on your doorstep, and while Ölüdeniz means ‘dead sea’, it is a lively, vibrant and busy resort, with beaches packed with travellers, guests and families.
For those keen to enjoy water sports, the Blue Lagoon is a perfect paragliding destination. The proximity to Butterfly Valley, miles of beaches, and the nearby pine tree forests, well-known for their delicious honey, ensures there are ample quieter and restful places to explore away from the crowds.
Types of Properties and Average Prices in Ölüdeniz
Our recommendations are, of course, always tailored to you, and the ideal property and location within Ölüdeniz might depend on whether you’re buying a property to make your permanent home here in Turkey, want a holiday property that also generates good rental returns, or are interested in expanding your investment portfolio.
Despite the restrictions on new construction work, there are diverse properties to choose from, including gorgeous villas, modern apartments and generous-sized houses, many of which feature private pools and landscaped gardens.
Apartments and villas within complexes also provide access to luxury living conveniences, pools, libraries, gyms, security services, parking, and other benefits shared by residents and their guests.
As a guide, we currently have premium properties listed, ranging from furnished apartments and duplexes to villas and traditional stone-built houses, contemporary family properties, and bungalow-style villas.
Prices range from around TRY 60,000 (roughly $1,560) per square metre for a competitively priced ground-floor apartment to TRY 76,800 (approximately $2,000) per square metre for a charming apartment in a high-end complex.
Rental premiums are naturally higher for properties close to the beaches or within resorts that include outdoor pools and other facilities for guests. Although rental averages are considered fairly affordable in comparison to some of the other high-demand holiday spots in Turkey, the returns can be profitable.
Investors can also consider properties that will command peak incomes during the busiest summer season and real estate assets that will appreciate in value—the local property market saw property sales values grow by between 10% and 15% during 2024.
Alternative Locations for Buyers Looking for Properties Close to the Blue Lagoon
Ölüdeniz is in a great location just 14 kilometres from Fethiye, with the two destinations connected by winding roads, the scented local pines and more rural hotels and restaurants off the beaten track.
There are multiple destinations we may recommend based on your specifications, including Hisarönü and Ovacık, both of which are slightly quieter yet within proximity of the Blue Lagoon and offer larger, more spacious properties for a comparable budget, with convenient, low-cost public transport system.
Göcek is also an option. It is a prestigious but small town just outside of Fethiye, and renowned as a destination for boat owners and yachting enthusiasts. This marina town has perfect wave and wind conditions, is easily accessible from Dalaman International, and is home to Göcek Skopea Marina—the first private marina in Turkey.
Buyers looking for an authentic and unique experience living in Turkey can equally consider Kayaköy, a distinctive and historical site that offers restored cottages built from traditional stone and a mixture of modern amenities.
General Guidance on Buying a Property or Investment Asset in Ölüdeniz
Our first tip for any prospective buyer is to ensure you work with a trusted, experienced adviser, especially if you need support from an English-speaking team well-versed in Turkish property law, the Ölüdeniz property market, and the legalities of your property transaction.
Foreign national buyers are warmly welcome with an eclectic mixture of Ölüdeniz owners and residents from around the world, and while most bars and restaurants provide services in fantastic English, it’s important never to take any risks when it comes to negotiating prices, transferring funds or agreeing to terms and conditions.
Read more about Property Turkey – All You Need to Know About Buying Property in Turkey as an Expat
About Property Turkey: With 20+ years experience in the Turkish real estate market, team Property Turkey are your experienced, friendly and independent overseas real estate consultants. Our head office is located in London, UK with regional operational offices in: Bodrum, Fethiye & Kalkan, Antalya and Istanbul.
