Bodrum in 2024 Summer: Seasonal Rentals Are Quite Dynamic

Share

Bodrum is a location preferred for both vacation and long-term stays throughout the year. Seasonal rental apartments, villas, and detached houses are favored by people coming from big cities like Istanbul and Ankara. With the increase in remote work opportunities after the pandemic, people tend to spend their summer months in Bodrum while continuing their work from there. Even during vacation periods, renting a house instead of a hotel provides a sense of belonging and a more controllable comfort zone.

Seasonal rental prices are generally determined by the location, features of the house and the facility it is in, and the amenities offered. Locations right by the sea are naturally rented at higher prices. During the peak season, rental prices in sandy beach resorts vary between 500,000 TL and 5,000,000 TL. However, it's also possible to find more affordable options in inland and less-known areas. As the daily cost of going to the beach increases day by day, renting a house in sandy beach resorts has become more comfortable and advantageous, despite the high prices, especially for populous families. Personal preferences and vacation culture are important factors when making a choice.

We see that prices increase during periods of high demand, especially in July and August when finding a house can become more difficult. Making reservations early allows you to rent at more affordable prices and provides a wider range of choices. This year, we received the highest demand in February, March, and April. We had the opportunity to observe that tenants were more knowledgeable in every aspect compared to previous seasons. There is a profile that wants to stay in the same house every year, as well as a segment that wants to try different types of houses and facilities, and conducts R&D for Bodrum investment plans accordingly.

I recommend renting only after ensuring that all conditions of the house and facility are suitable for your family. No one wants to spend a short vacation period relieving the year's fatigue in discomfort. Personal criteria should definitely not be overlooked at this point.

Newsletter

You can subscribe to our monthly newsletter sent to you to get information about our current portfolio and projects.