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Bodrum Real Estate Market Insights for February 2024 to 2025 Unveiled


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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%​


  • 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.

 
 
 

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