MC Real Estate, Bodrum Marketview, November 2010

BODRUM ; ST. TROPEZ OF TURKEY

Marketview

Istanbul, November 2010

Bodrum Marketview | November 2010

World ContextBodrum, Turkey37°02′N 27°26′E


Site + ContextBodrum

Bodrum is a Turkish port town in Mugla Province, in the southwestern Aegean Region of the country. It is located on the southern coast of Bodrum Peninsula, at a point that checks the entry into the Gulf of Gokova, and it faces the Greek island of Kos. Today, it is an international center of tourism and yachting.

Once an ancient city, which still bears traces of its archaic past, Bodrum has quickly and quitely become one of the premier leisure destinations in Turkey. With the scent of exclusivity in the air, Bodrum entices the rich and famous upscale alternative to its popular neighbours, Istanbul and Izmir.

Although a seasonal market, the city’s occupancy has increased over the years and many businesses and hotels are pushing for flights to the area. Furthermore, despite the looming impact of the credit crunch and the current world economic climate, the bulk of Bodrum’s business, much of which originates from domestic tourism, may not be impacted as much as other leisure destinations such as the USA and the Western Europe.

Bodrum is an upscale seaside resort, known as the ‘Saint Tropez’ of Turkey.


TransportationMilas-Bodrum International Airport

Officially named "Milas-Bodrum Airport", one of the busiest airports of the Aegean Region in Turkey, was opened to international traffic in 1997. It is located between the two important cities of ancient Caria named Milas (Milassos) and Bodrum (Halicarnassus) within the province of Mugla city. Having derived its name from the vast historical heritage of the two towns, the airport serves over two million people every year with one international and one domestic terminal. The history of Milas-Bodrum Airport stands back 01.04.1997 when it started operations in one building which is used as the international terminal at the moment. Since the construction of the international terminal in April 1998 it has served domestic and international air traffic with two different terminals. Due to the increasing passenger capacity, bids for a new international terminal building has been accepted on a build-operate-transfer model and the present international terminal will be used as domestic terminal after the completion of the construction.

Milas-Bodrum Airport is one of the twelve provincial airports of General Directorate of State Airports Authority of Turkish Ministry of Transport and Communication. It is open for scheduled and unscheduled international charter flights and domestic flights for 24 hours. The airport is 18km from Milas and 35km from Bodrum. Built on a total area of 4.139.000 m2, the airport consists of one international terminal with the capacity of 2 million passenger/year (16.500m2) and one domestic terminal with the capacity of 600.000 passenger/year (19.200 m2) and welcomes 2.600.000 passengers in total. There is a 3000x45 meter concrete runway, a 3000x30 meter taxiway and a 800x200 meter apron with the capacity of 28 aircraft at the airport.


TransportationMilas-Bodrum International Passenger and Plane Traffic (1/3)

YearsNumber of Foreign

Visitors ('000)CAGR

Annual % Change

1990 5.389 0

1991 5.518 2,4

1992 7.076 28,2

1993 6.501 -8,1

1994 6.671 2,6

1995 7.727 15,8

1996 8.614 11,5

1997 9.689 12,5

1998 9.753 0,7

1999 7.487 -23,2

2000 10.428 39,3

2001 11.277 8,1

2002 12.922 14,6

2003 13.701 6

2004 17.203 25,6

2005 20.523 19,3

2006 19.820 -6,1

2007 23.431 17,8

2008 26.337 12,8

2009 26.626 1,1

2010E 28.756 8

2011E 31.200 8,5

2012E 33.852 8,5

2013E 36.560 8

2014E 39.302 7,5

2015E 42.503 7

2016E 44.787 6,5

%6,8

%7,7

%11,3

.Especially after since the year 2000, passenger traffic at theterminal has increased, in line with the rapid rise in the tourismsector. The earthquake in 1999 and the expectation of terroristviolence caused a loss in number of foreign tourists visiting Turkeyin this year.

.After the crisis in 2001, with the devaluation of TRY, Turkeyincreased its competitive advantage and experienced a rise intourism revenues. Foreign tourists visiting Turkey increased by82% between 2001 and 2005.

.In 2006, avian flu, the cartoon crisis and the World Cup inGermany affected the number of foreign tourists negatively andforeign visitors coming to Turkey declined by 6%.

.Turkey had a quick recovery in 2007 and maintained thisperformance and succeeded to increase tourism revenues toUSD20 bn and tourist numbers to 26.3 mn in 2008.

.A growth rate of 1.1% is realized for the number of arrivingforeign visitors in 2009 under the assumption that there have not been a solid change in Q3 and Q4 months of 2009 as compared to last year’s same period.

.Growth rates in the number of foreign tourists visiting Turkeyduring the following period are based on the reports published byEuroMonitor and Business Monitor International researchinstitutions.

The Expected Total Foreign Visitors Coming to Turkey

Source : PWC



Travel Type

Air Sea

Years Turkey ('000) Mugla ('000) Share % Dalaman % Milas- Bodrum % %

2006 19.820 2.345 11,8 49,2 33,6 17,1

2007 23.341 2.572 11 48,5 34,1 17,4

2008 26.337 2.876 10,9 48,2 33,1 18,7

2009 26.626 2.841 10,7 50,2 31,8 23,1

2010E 28.756 3.019 10,5 49,2 32,8 21,4

2011E 31.200 3.276 10,5 48,4 33,6 18

2012E 33.852 3.554 10,5 47,6 34,4 18

2013E 36.560 3.839 10,5 46,7 35,3 18

2014E 39.302 4.217 10,5 45,9 36,1 18

2015E 42.053 4.416 10,5 45,1 36,9 18

2016E 44.787 4.703 10,5 45,1 36,9 18

Change

Years Dalaman Milas- Bodrum Dalaman % Milas- Bodrum %

2006 2.310 1.578 - -

2007 2.497 1.753 8,1 11,1

2008 2.771 1.904 11 8,7

2009 2.849 1.809 2,8 5

2010E 2.971 1.981 4,3 9,5

2011E 3.170 2.203 6,7 11,2

2012E 3.381 2.448 6,7 11,1

2013E 3.589 2.707 6,1 10,6

2014E 3.790 2.978 5,6 10

2015E 3.983 3.259 5,1 9,4

2016E 4.242 3.471 6,5 6,5

. Foreign visitors coming to Mugla prefer to arrive by air or sea.According to the actual data, 82% of foreigners coming to Turkeyprefer airlines and it is assumed that the rate will not changeduring projection period.

. According to DHMI data, a decline of 6% in the number of foreignvisitors coming to Milas-Bodrum Airport in first seven months of2009 compared to same period last year played an important rolein the decline of the share of arriving tourists numbers to Mugla intotal number of tourists. Based on actual ratios, the share offoreigners visiting Mugla in total foreign tourists is estimated to be10.7% in 2009 and 10.5% afterwards.

. As presented in the Foreign Visitors of Mugla and Travel Typestable, about 50% of foreigners coming to Mugla use DalamanAirport. By the effect of synergy with new terminal, this ratio isexpected to decrease to 45% by progressive stages until 2016 andconsequently, the share of Bodrum Airport is expected to increase.

.During the remaining months of 2009, under the assumptions thatMilas-Bodrum Airport passenger traffic will not recover assurprisingly and existing passenger traffic performance will bekept, 2009 year-end passenger traffic is expected to decline by 5%in comparison to 2008.

.Between 2010 and 2016, passenger traffic in Milas Bodrum Airportis expected to increase by a ratio between 6.5% and 11.2% perannum based on the assumptions mentioned.

The Foreign Visitors of Mugla and Travel Types

Passenger Traffic in Mugla Airports ('000)

Source : PWC

Source : PWC



-

0,5

1,0

1,5

2,0

2,5

3,0

3,5

4,0

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

The International Terminal Passenger Traffic of Milas-Bodrum Airport (mn), 1998-2016

51%

70% 69%

78%74%

85%82%

85%88%

84%

91% 92%

50%

55%

60%

65%

70%

75%

80%

85%

90%

95%

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Occupancy Rates of Planes, 1997-2008

.Between 1998 and 2009, passenger traffic experienced anaverage annual increase of 6.2% and it is expected to increase by 7.8% during the projection period.

.As seen in the graph left, seat occupancy rates of planes arriving to Milas-Bodrum Airport has increased rapidly since International Terminal started operations in 1998. The occupancy rates of planes has been reached a level of 92% in 2008.

.The increase in the number of planes is estimated to be in line with the increase in the number of passengers because of the high occupancy rate, which exceeded 90% in recent years.

Source : PWC

Source : PWC


TransportationSome International Flights to Milas-Bodrum Airport

Airlines Destinations

Air Berlin Seasonal: Düsseldorf, StuttgartAir Berlin operated by Belair Seasonal: ZürichAir Bucharest Bucharest, SibiuAlitalia Seasonal: Milan-MalpensaArkefly Seasonal: AmsterdamAtlasjet Istanbul-AtatürkAustrian Airlines operated by Lauda Air

Seasonal: Vienna

Corendon Airlines Amsterdam, Brussels, Eindhoven, Lyon, Nantes, Paris, Tel AvivEasyJet Seasonal: Bristol, Liverpool, London-Gatwick, London-StanstedGermania Berlin-Tegel, Düsseldorf

Jet2.com East-Midlands [begins 23 June], Leeds/Bradford [begins 23 June], Manchester [begins 16 May]

Livingston Seasonal: Milan-MalpensaLuxair LuxembourgMistral Air RomeMonarch Airlines (Schedueld) London-LutonMonarch Airlines (Charter) London-Gatwick, Manchester

Onur Air (Charter)Aalborg, Amsterdam, Billund, Bologna, Bordeaux, Brest, Bristol, Cardiff, Copenhagen, Cork, Dublin, Durham Tees Valley, Edinburgh, Glasgow-International, Hamburg,

Humberside, Liverpool, London-Gatwick, Lyon, Manchester, Marseilles, Milan-Bergamo, Nantes, Newcastle, Paris-Charles de Gaulle, Tel Aviv, Toulouse

Pegasus AirlinesAmsterdam, Istanbul-Sabiha Gökçen, London-Stansted, SofiaSeasonal: Dublin

Rossiya Seasonal: St Petersburg

Saga AirlinesBristol, London-Gatwick, Manchester

Seasonal: Aberdeen, Birmingham, Cardiff, East Midlands, Humberside, London-Stansted, Newcastle

Sky Airlines Seasonal: Birmingham, Hamburg

SunExpress Antalya, Berlin-Schönefeld, Cologne/Bonn, Düsseldorf, Frankfurt, Hamburg, Hanover, Leipzig/Halle, Munich, Poznan, Stuttgart

Thomas Cook AirlinesSeasonal: Belfast-International, Birmingham, Bristol, Cardiff, East Midlands, Glasgow-International, Leeds/Bradford, London-Gatwick, London-Stansted, Manchester,

Newcastle upon Tyne

Thomson AirwaysSeasonal: Belfast-International, Birmingham, Bournemouth, Bristol, Cardiff, Doncaster/Sheffield, East Midlands, Exeter, Glasgow-International, London-Gatwick,

London-Luton, London-Stansted, Manchester, Newcastle upon Tyne

Transavia.comAmsterdam, EindhovenSeasonal: Rotterdam

Transavia.com France Seasonal: Paris-OrlyTurkish Airlines Istanbul-Atatürk, Milan-Malpensa, Paris-Charles De Gaulle

Source : Wikipedia


Climate + Geographical DataBodrum

The weather in Bodrum combines the very best of the Mediterranean and the Aegean: mild winters, hot summers, extremely low humidity and over 300 days of sunshine a year. Serious sunbathers will enjoy non-stop hot sunshine between May and October, and over 12 hours of sunshine in the peak summer months. Summer weather in Bodrum is virtually rainless. Summer highs are often over 30º, though often tempered by breezes. Bodrum summers require a high-factor sun lotion. Bodrum weather is ideal for swimming, watersports and diving. Warm seas reach a very relaxing 25º in the peak summer months.

Winter holidays in Bodrum will probably see some rain, but plenty of winter sunshine and very agreeable temperatures by European standards. There is no snow, no frost, a good 5 or 6 hours of sunshine, and average temperatures as high as 18º. No winter at all really.

0

5

10

15

20

25

30

Bodrum Water Temprature

05

101520253035

Bodrum Weather Seasonality

Minimum Maximum

0

2

4

6

8

10

12

14

16

Rainy Days - Hours of Sunshine per Day

Number of Rainy Days Hours of Sunshine

Source : TSMS

Source : TSMS

Source : TSMS


PopulationBodrum

1990 2000 2008 2010

Series1 20.931 97.826 114.498 131.707

-

20.000

40.000

60.000

80.000

100.000

120.000

140.000

Bodrum Population

%367

%35

City

Bodrum Center 26.297 Bitez 7.792

Turkbuku 7.288 Gumusluk 7.480 Gundogan 8.021

Konacik 5.074 Mumcular 1.175 Ortakent 6.364

Turgutreis 18.471 Yali 3.516

Yalikavak 14.454 TOTAL 105.932

Village

Akyarlar 8.479

Bahceyakasi 659 Camlik 250

Comlekci 630 Dagdelen 385 Derekoy 1.214 Gokpinar 202 Gurece 498

Guvercinlik 2.158

Islamhaneleri 3.185 Kemer 409

Kumkoy 336 Mazikoy 1.094 Peksimet 2.904

Pinarlibelen 917 Sazkoy 945

Tepecik 242 Yakakoy 669 Yenikoy 599 TOTAL 25.775

SUBTOTAL 131.707

Source : TurkStat


TradeCompanies in Bodrum

Fabrics-Goods20%

Bar-Restaurant-Entertainment

16%

F&B12%Services

11%

Consumables11%

Accomodation10%

Construction7%

Finance7%

Transportation3%

Yacht Production3%

Sector Company No.

Fabrics-Goods 1.501

Bar-Restaurant-Entertainment 1.204

F&B 888

Services 825

Consumables 822

Accomodation 736

Construction 557

Finance 518

Transportation 255

Yacht Production 230

TOTAL 7.536

Source : BCOC


TradeOperational Period of Companies in Bodrum

-

2,00

4,00

6,00

8,00

10,00

12,00

14,00

Sector Years

Accomodation 11,83

Transportation 9,56

Bar-Restaurant-Entertainment 7,72

F&B 7,65

Yacht Production 6,72

Fabrics-Goods 6,64

Consumables 6,45

Construction 6,33

Services 6,06

Finance 5,93

AVERAGE 7,49

Source : BCOC


TradeSeasonality of Companies in Bodrum

77%

4%

14%

3%2%

Bodrum - General

Always Open

Openning in April

Openning in May

Openning in June

Others 88%

0%

1%

7%

4% 0%

Bodrum City Center

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

49%

0%

8%

39%

4% 0%

Bitez

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

65%

0%

5%

17%

12%

1%

Gumusluk

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

Source : BCOC



49%

0%4%

28%

17%

2%

Turkbuku

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

54%

0%

7%

36%

2%1%

Gumbet

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

76%

2%10%

11%

1% 0%

Gundogan

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July 99%

0%0%

1%0%0%

Konacik

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

Source : BCOC



79%

0%

0% 13%

6%

2%

Guvercinlik

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

73%

0%

9%

12%

5% 1%

Ortakent

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

93%

0%2% 3%1%1%

Mumcular

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

53%

0%

33%

0%11%

3%

Torba

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

Source : BCOC



78%

0%

4% 13%

4% 1%

Turgutreis

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July 82%

1%

1% 9%

3% 4%

Yalı

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

78%

1%

3% 9%

6%

3%

Yalıkavak

Always Open

Openning in March

Openning in April

Openning in May

Openning in June

Openning in July

Source : BCOC


TourismNumbers in 2009

15.739

13.732

10.689

7.912

4.966 4.747 4.244 4.184 3.945 2.782

757 601 189 74 -

2.000

4.000

6.000

8.000

10.000

12.000

14.000 16.000

18.000

Bed Capacity

6 4252

40 22 9 6

148

2 2 2

127

58

125

31 1 110

20406080

100120140160

TypesSource : BCOC

Source : BCOC


TourismNationality of Visitors in 2009Bodrum-Milas Airport International Arrivals

0

50.000

100.000

150.000

200.000

250.000

300.000

350.000

400.000

United Kingdom 370.240

Netherlands 110.393

Belgium 93.797

France 77.933

Germany 52.386

Russia 48.268

Poland 31.930

Ireland 23.498

Denmark 19.437

Italy 15.165

Ukraine 12.893

Serbia 11.809

Source : TurkStat


TourismDistribution of Landing Planes by Countires in 2009Bodrum-Milas Airport

January February March April May June July August September October November December Total

Country(*)

Germany - - - - 46 50 50 72 62 62 - - 342

Austria - - - - 4 8 10 8 8 2 - - 40

Belgium - - - 4 - 8 14 22 18 18 2 - 86

Denmark - - - - 6 8 10 8 8 6 - - 46

France - - - 28 65 57 73 117 62 20 - - 422

Netherlands - - - 32 108 104 116 126 126 122 - - 734

United Kingdom - - 8 100 355 440 444 510 430 388 28 - 2 703

Switzerland - - - - 6 8 16 18 18 10 - - 76

Italy - - - - 6 28 48 54 34 - - - 170

Luxembourg - - - 6 8 10 8 10 8 8 2 - 60

Azerbaijan - - - - - 6 18 18 2 - - - 44

Bulgaria - - - - 2 8 8 10 8 2 - - 38

Czech Rep. - - - - 4 20 22 18 20 4 - - 88

Kazakhstan - - - - 2 10 12 12 2 - - - 38

Poland - - - 2 16 23 26 28 22 2 - - 119

Romania - - - - - 12 24 16 14 2 - - 68

Russia - - - - 15 96 100 90 90 18 - - 409

Ukraine - - - - 2 38 62 34 32 4 - - 172

Serbia - - - - - 22 34 22 16 - - - 94

Others - - - - 8 44 74 70 60 14 2 - 272

T.Foreign - - 8 172 653 1 000 1 169 1 263 1 040 682 34 - 6 021

Turkey 8 - 7 177 608 755 1 043 1 153 883 553 38 22 5 247

Grand Total 8 - 15 349 1 261 1 755 2 212 2 416 1 923 1 235 72 22 11 268

Source : TurkStat


TourismSeasonality of Bodrum-Milas Airport in 2009

-

500

1 000

1 500

2 000

2 500

3 000

Ger

man

y

Au

stri

a

Bel

giu

m

Den

mar

k

Fran

ce

Net

her

lan

ds

Un

ited

Kin

gdo

m

Swit

zerl

and

Ital

y

Luxe

mb

ou

rg

Aze

rbai

jan

Bu

lgar

ia

Cze

ch R

ep.

Kaz

akh

stan

Po

lan

d

Ro

man

ia

Ru

ssia

Ukr

ain

e

Serb

ia

Oth

ers

Arrived Planes to Bodrum-Milas Airport in 2009

-

200

400

600

800

1 000

1 200

1 400

Seasonality of Bodrum-Milas Airport in 2009 (International)

-200400600800

1 0001 2001 400

Seasonality of Bodrum Milas Airport in 2009 (Domestic)

Source : TurkStat

Source : TurkStat

Source : TurkStat


TourismAccomodation Prices of Bodrum Hotels in 2011

Hotel Price ($) Star Location Hotel Price ($) Star Location

Azka Hotel 94 5 Bodrum The Suu Turkbuku 182 4 Turkbuku

The Marmara Bodrum 208 5 Bodrum Flipflops Apartments 71 3 Gulluk

Bodrium Boutique Resort & Spa 125 4 Bodrum El Vino Hotels & Suites 203 3 Bodrum

Kempinski Hotel Barbaros Bay 226 5 Yali Merve Park Otel 84 3 Bodrum

WOW Bodrum Resort 168 5 Bodrum Bodrum Park Hotel 32 - Bodrum

Yildiz Hotel 34 3 Gumbet Omar Hotel 112 3 Torba

Dedeman Bodrum 116 4 Bitez Karia Princess Bodrum 239 5 Bodrum

Divan Palmira 215 5 Turkbuku Taskule Hotel 115 3 Yalikavak

Su Hotel 98 3 Bodrum Lavanta Hotel 147 3 Bodrum

Casa Dell'Arte 305 5 Torba Aslan Hotel 72 3 Turgutreis

Grand Yazici 135 4 Bodrum Beliz 119 3 Turkbuku

Doria Hotel Bodrum 243 5 Bodrum Kuum Hotel 386 5 Turkbuku

Hotel Gulec 56 - Bodrum Tuzla Golf Residences 105 4 Guvercinlik

Mimosa Apart Otel 53 2 Gumbet The Luvi Hotel 136 3 Gumbet

Macakizi Hotel 346 5 Turkbuku Otel Gumusluk 86 3 Gumusluk

Gardenya Apart 49 3 Bodrum 4 Reasons Hotel Bistro 157 3 Bodrum

Seckin Konaklar 84 3 Bodrum Ada Hotel 484 4 Turkbuku

Sunny Garden Nilufer Hotel 42 3 Turgutreis Costa Farilya 210 3 Yali

Sandima Boutique Suites 246 5 Bodrum Rixos Premium Bodrum 292 5 Guvercinlik

Gardens of Babylon 189 4 Turgutreis Palmalife Bodrum Resort & Spa 421 3 Yalikavak

Gardenya Pension 56 - Bodrum

Source : Expedia*Prices for June 2011, Standard Room, 1 Adult


Marinas in Bodrum

Bodrum Milta Marina

Dogus Marina Turgutreis

Port Bodrum Yalikavak

Marinas Location Operator Capacity (on the sea) Capacity (on the ground)

Milta Bodrum City Center Dogan Holding 450 Yachts 80 Yachts

D-Marin Turgutreis Dogus Holding 550 Yachts 150 Yachts

Port Bodrum Yalikavak Profilo 336 Yachts 100 Yachts


Shopping Malls in Bodrum

1

Location GLA (m2) Stores

1. Oasis Shopping Mall Gumbet 25.000 239


Retail in Bodrum

1

No. Brand Location No. Brand Location No. Brand Location No. Brand Location

1 Teknosa Konacik 8 Migros Gundogan 15 Carrefour Bodrum 1 22 BIM Gundogan 1

2 Koctas Konacik 9 Migros Ortakent 16 Carrefour Bodrum 2 23 BIM Bodrum

3 Metro Ortakent 10 Migros Yalikavak 2 17 Carrefour Gumbet 24 BIM Turgutreis

4 Kipa Ortakent 11 Migros Turgutreis 2 18 Carrefour Turgutreis 25 BIM Gundogan 2

5 Migros Bodrum 1 12 Migros Bodrum 2 19 Carrefour Yalikavak 26 BIM Gundogan 3

6 Migros Yalikavak 1 13 Migros Turgutreis 3 20 BIM Konacik 27 BIM Bodrum 2

7 Migros Turgutreis 1 14 Migros Torba 21 BIM Ortakent 28 BIM Yalikavak

23

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

2021

22

23

24

25

26

27

28


Traditional Bazaars in Bodrum

Location Days

1 Milas Tuesday

2 Mumcular Sunday

3 Turgutreis Saturday

4 Bitez Thursday

5 Ortakent Wednesday

1

2

3

45


Promenades in Bodrum

1. Bodrum City Center 4. Yalikavak

2. Turgutreis 5. Turkbuku

3. Gumbet 6. Gumusluk

1

2

3

4

5

6


Popular Beach Districts in Bodrum

1

1. Bodrum City Center 4. Yalikavak 7. Gundogan 10. Ortakent

2. Bitez 5. Turkbuku 8. Gumusluk 11. Yali

3. Gumbet 6. Torba 9. Akyarlar 12. Turgutreis

23

10

45

6

7

8

9

11

12


No. Location Beach No. Location Beach

1 Guvercinlik Kervansaray Otel 23 Turgutreis Armonia Holiday Village & Spa

2 Guvercinlik Isis Hotel 24 Turgutreis Club Armonia Bodrum Houses

3 Bodrum Noa Bodrum Beach Club 25 Turgutreis Kefaluka Resort Otel

4 Bodrum Samara Hotel 26 Turgutreis La Blanche Resort & Spa

5 Bodrum Isil Club 27 Turgutreis Kadikale Resort

6 Bodrum Azka Otel 28 Turgutreis Magiclife Bodrum

7 Bodrum Voyage Bodrum 29 Turgutreis Yelken SPA Hotel Club Resort

8 Bodrum Wow Bodrum Resort 30 Yali Sea Garden II

9 Torba Torba Club Voyage 31 Yali Kempinski Hotel Barbaros Bay

10 Bodrum Kumbahce Public Beach 32 Yali Latanya Beach Resort Otel

11 Bitez Ambrosia Hotel 33 Yali Bodrum Holiday Resort & Spa

12 Bitez Aktur Bitez 34 Yali Valtur

13 Bitez Bitez Public Beach 35 Yali Ersan Resort SPA

14 Bitez Aktur Apart 36 Yali Palm Holiday Village

15 Turkbuku Voyage Turkbuku 37 Yali Sea Garden I

16 Turkbuku Hekimkoy Holiday Resort 38 Yalikavak Hotel Golden Age Bodrum

17 Gundogan Green Beach Resort Otel 39 Yalikavak Cactus Mirage Family Club

18 Gundogan Gundogan Public Beach 40 Yalikavak Cactus Fleur Beach Club,

19 Ortakent Light House Deluxe Resort & Spa 41 Yalikavak Delta Beach Resort

20 Ortakent Scala Beach 42 Yalikavak Yalıkavak Halk Plajı

21 Ortakent Ortakent Public Beach 43 Yalikavak Club Flipper

22 Turgutreis Turgutreis Gunbatimi Public Beach

TourismBlue Flag Beaches in Bodrum

Source : BFT


12

3

45

6

7

9

10

11

12

13

14

15

8

16

Major Residential Areas

1. Bodrum Center 5. Ortakent 9. Gumusluk 13. Torba

2. Gumbet 6. Akyarlar 10. Yalikavak 14. Yaliciftlik

3. Bitez 7. Turgutreis 11. Gundogan 15. Guvercinlik

4. Konacik 8. Kadikalesi 12. Turkbuku 16. Gulluk


Residential MarketMarket Overview

Bodrum Center

Gumbet Bitez Konacik Ortakent Akyarlar Turgutreis Kadikalesi Gumusluk Yalikavak Gundogan Turkbuku Torba Yaliciftlik Guvercinlik Gulluk

Series1 2.819 2.071 2.618 2.383 2.092 1.685 1.930 1.590 1.299 2.114 1.839 2.276 2.162 1.103 1.646 1.147

-

500

1.000

1.500

2.000

2.500

3.000

Average Prices ($/m2)

Bodrum Center

Gumbet Bitez Konacik Ortakent Akyarlar Turgutreis Kadikalesi Gumusluk Yalikavak Gundogan Turkbuku Torba Yaliciftlik Guvercinlik Gulluk

Series1 266 159 169 206 210 132 211 183 140 127 137 190 220 216 119 127

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Average Sizes (m2)

Source: Internal Analysis



Residential MarketCloser LookBodrum City Center

Project Type Size (m2) Sales Price ($) Sales Price ($/m2)

1 Regnum Escana Villa 460 3.220.000 7.000

2 Regnum Escana Villa 400 2.240.000 5.600

3 Ege Evleri Villa 180 800.000 4.444

4 Ormancilar Sitesi Villa 115 300.000 2.609

5 Myndos Gate Villa 175 377.000 2.154

6 Gokce Evleri Villa 100 179.000 1.790

7 Lavanta Bahcesi Evleri Villa 130 220.000 1.692

8 Aeron Bag Evleri Villa 91 150.000 1.648

9 Gokce Evleri Villa 150 214.000 1.427

10 Minikent Villa 90 93.000 1.033

11 Senfoni Evleri Villa 73 71.500 979

12 Aeron Bag Evleri Villa 44 42.000 955Source: Internal Analysis


Residential MarketCloser LookBitez


1 Aktur Villa 125 600.000 4.800

2 Mare Sitesi Apartment 65 178.500 2.746

3 Aytur Villa 125 330.000 2.640

4 Aktur Villa 300 750.000 2.500

5 Sabri Koc Apartment 80 160.000 2.000

6 Hisar Villaları Villa 180 285.700 1.587

7 Palm Life Apartment 75 118.000 1.573

8 Burak Sitesi Villa 140 214.250 1.530

9 Harmony Town Apartment 90 136.000 1.511

10 Lavanta Sitesi Apartment 95 122.000 1.284

11 Yali Sitesi Villa 125 150.000 1.200Source: Internal Analysis


Residential MarketCloser LookGümbet


1 Aura Sitesi Villa 80 189.000 2.363

2 Ilmik Sitesi Villa 110 215.000 1.955

3 Greenhill Villa 83 132.000 1.590

4 Melengec Sitesi Villa 250 250.000 1.000

5 Mutlu Sitesi Villa 140 122.000 871

6 Kaptan Sitesi Villa 100 79.000 790



Residential MarketCloser LookKonacik


1 Doktorlar Sitesi Villa 120 214.000 1.783

2 Excel Life Villa 134 215.000 1.604

3 Cinar 2 Sitesi Apartment 85 118.000 1.388

4 Turunc Evleri Villa 145 190.000 1.310

5 Pedesa 3 Apartment 85 104.000 1.224

6 Pedesa 1 Apartment 75 86.000 1.147

7 Tepe Sitesi Villa 120 122.500 1.021

8 Ali Yaman Evleri Apartment 105 90.000 857Source: Internal Analysis


Residential MarketCloser LookOrtakent


1 Yesilyurtlular Sitesi Villa 130 500.000 3.846

2 Ortakent Evleri Villa 75 222.000 2.960

3 Karya Evleri Villa 150 424.000 2.827

4 Yahsi Evleri Villa 130 350.000 2.692

5 Yesilyurtlular Sitesi Villa 130 270.000 2.077

6 Limon Evleri Villa 70 140.000 2.000

7 Turkuaz Sitesi Villa 95 186.000 1.958

8 Eczacilar Sitesi Villa 85 96.000 1.129

9 Sanatcilar Sitesi Villa 140 114.000 814



Residential MarketCloser LookAkyarlar


1 Cennet Sitesi Villa 80 120.000 1.500

2 Nagme Sitesi Villa 100 150.000 1.500

3 59LAR Sitesi Villa 120 160.000 1.333

4 Begonvil Sitesi Villa 80 96.000 1.200

5 Kocak Sitesi Villa 140 160.000 1.143

6 Kalekent Villa 100 79.000 790

7 Pinar Sitesi Villa 150 114.000 760



Residential MarketCloser LookTurgutreis


1 Tarik Erdem Sitesi Apartment 88 214.000 2.432

2 Bahceli Evler Villa 130 214.000 1.646

3 Nagme Sitesi Villa 100 150.000 1.500

4 Izcap Evleri Apartment 105 144.000 1.371

5 Modin 3 Evleri Villa 85 107.000 1.259

6 Kugu Sitesi Apartment 125 154.000 1.232

7 Pinar Sitesi Villa 90 86.000 956

8 Kardelen 1 Apartment 178 121.000 680

9 Hurpa Sitesi Villa 175 114.000 651



Residential MarketCloser LookKadikalesi


1 Gardens of Babylon Villa 108 880.000 8.148



4 Gardens of Babylon Villa 197 1.330.000 6.751

5 Ayti Evleri Villa 182 649.000 3.566

6 Safir Evleri Villa 147 359.000 2.442

7 Kadikalesi Evleri Apartment 75 126.000 1.680

8 Mandalin Evleri Villa 165 215.000 1.303

9 Sunpark Apartment 40 50.000 1.250

10 Ormancilar Sitesi Villa 95 114.000 1.200

11 Ormancilar Sitesi Villa 100 82.000 820

12 Ugur Sitesi Villa 90 68.000 756Source: Internal Analysis


Residential MarketCloser LookGumusluk


1 Muskulum Ciftligi Villa 90 360.000 4.000

2 Muskulum Ciftligi Villa 200 800.000 4.000

3 Dream Houses Villa 135 350.000 2.593

4 Yali Evleri Villa 120 220.000 1.833

5 Yali Evleri Villa 110 182.000 1.655

6 Gumsan Villa 120 157.000 1.308

7 Silverbay Evleri Villa 55 71.000 1.291

8 Aktas Evleri Villa 80 84.000 1.050

9 Gizli Vadi Evleri Villa 70 71.000 1.014

10 Kamelya Sitesi Villa 150 121.000 807

11 Kamelya Sitesi Villa 350 179.000 511Source: Internal Analysis


Residential MarketCloser LookGundogan


1 Farilya Evleri Villa 115 364.000 3.165

2 Palmira Evleri Villa 350 1.100.000 3.143

3 Kardesler Villa 120 321.000 2.675

4 Tunali Seashore Villa 136 287.000 2.110

5 FugaYaz Villa 232 375.000 1.616

6 Onurkent Villa 80 115.000 1.438

7 Billurkent Villa 110 136.000 1.236

8 Kirmizi Degirmen Villa 165 192.000 1.164

9 Hacettepelileri Villa 135 154.000 1.141Source: Internal Analysis


Residential MarketCloser LookYalikavak


1 Palmalife Villa 150 950.000 6.333

2 Tuzel Villa 137 700.000 5.109

3 Pasanda Konaklari Villa 200 840.000 4.200

4 Arsipel Evleri Villa 240 966.000 4.025

5 Tekfen Yalikavak Villa 100 350.000 3.500

6 Monarch Villa 80 266.000 3.325

7 Novron Ardesco Villa 459 1.525.000 3.322

8 Bay Peninsula Villa 376 1.120.000 2.979

9 Loca Yali Villa 250 571.000 2.284

10 Gokcebel Evleri Villa 150 340.000 2.267

11 Mesa Evleri Villa 145 316.000 2.179

12 Cennetkoy Villa 200 410.000 2.050

13 Park Dolphin Villa 157 300.000 1.911

14 Platinum Beach Resort Villa 86 157.000 1.826

15 Seba Evleri Villa 165 300.000 1.818

16 Mount Yalikavak Villa 55 89.000 1.618

17 Camelot Villa 180 280.000 1.556

18 Mai Villa 80 115.000 1.438

19 Gumustepe Evleri Villa 77 100.000 1.299

20 Valley Gardens Regency Villa 216 240.000 1.111



Residential MarketCloser LookTurkbuku


1 Incilipinar Villa 360 1.725.000 4.792

2 Koyici Evleri Villa 90 350.000 3.889

3 FugaYaz Villa 85 287.000 3.376

4 Clearview Homes Villa 133 281.000 2.113

5 Sandalet Evleri Villa 105 214.000 2.038

6 Terassu Evleri Villa 200 322.000 1.610

7 Mavi Evler Villa 180 268.000 1.489

8 Saklibahce Evleri Villa 85 107.000 1.259



Residential MarketCloser LookTorba


1 Cagdas Torba Evleri Villa 250 1.135.000 4.540

2 Cagdas Torba Evleri Villa 260 1.150.000 4.423

3 Amiral Sitesi Villa 120 157.000 1.308

4 Camlitepe Sitesi Villa 160 171.000 1.069



Residential MarketCloser LookGuvercinlik


1 Maya Vlla 230 600.000 2.609

2 Regnum Bargylia Villa 81 200.000 2.469



5 Doktorlar Sitesi Villa 100 207.000 2.070

6 Yamacevler Villa 270 471.500 1.746

7 Bag Evleri Villa 92 78.500 853

8 Basko Sitesi Villa 90 71.500 794



Residential MarketCloser LookGulluk


1 Polaris Aparts Apartment 87 168.000 1.931

2 Hermias Apartments Apartment 75 123.200 1.643

3 Bodream Homes Villa 145 194.600 1.342

4 Marina Vista Homes Villa 77 82.600 1.073

5 Sinpas Villa 88 78.645 894

6 Gultur Villa 125 107.000 856Source: Internal Analysis

MC Real Estate, Bodrum Marketview, November 2010

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Transcript of MC Real Estate, Bodrum Marketview, November 2010