Bodrum Real Estate Market Insights for February 2024 to 2025 Unveiled

Turkey's Housing Market Sees Significant Growth in February 2025​

The Turkish Statistical Institute (TÜİK) has released housing sales data for February 2025, indicating a substantial year-over-year increase across the nation.​

National Overview

• Total Homes Sold: 112,818 units

• Year-over-Year Increase: 20.14% compared to February 2024 (93,902 units)​

This marks the second-highest February sales figure on record, following February 2020's 118,753 units. The upward trend, which began in July 2024, has continued for the eighth consecutive month.​

Regional Breakdown

• Muğla Province:

  • February 2025 Sales: 1,698 units

  • February 2024 Sales: 1,529 units

  • Year-over-Year Increase: 11.05%​

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• Bodrum District:

  • February 2025 Sales: 438 units

  • February 2024 Sales: 326 units

  • Year-over-Year Increase: 34.36%​

While Muğla Province experienced a moderate increase, Bodrum's significant growth underscores its rising appeal in the real estate market.​

Market Dynamics

Despite elevated interest rates, several factors are driving the surge in housing sales:​

• Anticipation of Future Price Increases: Buyers are acting swiftly to secure properties before potential price hikes.

• Rising Rental Costs: With rent increases reaching 54% this year, purchasing homes has become a more attractive option.

• Stabilization of Housing Prices: After a period of rapid growth, prices have begun to stabilize, encouraging investment.

• Shift from Deposits to Real Estate: As interest rates show signs of declining, investors are moving funds from deposits to real estate assets.​

The expectation is that housing market activity will continue to rise throughout 2025, bolstered by these contributing factors.