Annual Value Increase in Bodrum Summer Houses Reached 60%

  • 5 months ago
  • 1

Nowadays that social distancing rules have deeply affected our daily living and working style, the necessity to work remotely has caused the time spent at home to increase massively, to simultaneously increase the demand for larger houses with balconies and gardens in areas closer to
nature.

This situation is not intended to end soon as people now are aware that the biggest investment, they can make is a healthy and comfortable lifestyle investment…Many institutions have now begun to discuss how to continue working from home in the long run. As a result, the prolongation of time
spent in homes and the widespread use of remote work increased the demand for larger houses with balconies and gardens and home office properties in metropolitan cities, also, the demand for healthy houses and villas in summer regions increased significantly.

Among the summer regions, the highest increase in value occurred in Datça, Bodrum, and Kaş regions. Housing prices in Datça have increased by 68% in the last 1 year, and 60% in Kaş and Bodrum.

In Bodrum, housing prices have increased by 60% in the last 1 year. The average residential square meter sales price in Bodrum is 11.554 TL, the average housing price is 1.617.560 TL, Unlike other summer regions, Bodrum is a highly developed region with important structural spaces such as hospitals, schools, and restaurants and we cannot forget the beautiful nature of Bodrum; For these reasons, it is one of the most preferred regions not only for summer but also for living in
winter. According to the latest analysis data, long-term house rents in Bodrum have increased by 24% in the last 1 year. Bodrum is expected to continue to be the center of attention in the upcoming period as, despite the large influx of foreign buyers in Bodrum, the peninsula still sees more Turkish buyers, because it is the favorite spot for wealthy Turks…

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