TOURISM > Rents almost double at coast towns in Aegean region

MUĞLA - Anatolia News Agency

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Rents for houses, like this one in Bodrum, rise substantially this season. Hürriyet photo

Rents for houses, like this one in Bodrum, rise substantially this season. Hürriyet photo

Vacationers in Bodrum, Marmaris and Fethiye are having a hard time finding affordable rental units, as prices have risen above 1,000 Turkish Liras for houses close to the sea, according to real estate representatives in the beach towns.

Despite the construction of many new buildings, renters are complaining that they cannot find rental homes, Marmaris Real Estate Association President Hasan Ateş told Anatolia news agency.
Many vacationers fail to find rental units near beaches.

Lack of rental units

“The lack of rental units first became an issue last year, and has reached its pinnacle this year. Finding an affordable 500-600 lira-per-month rental unit has become very difficult. Rental prices have gone up more than we expected. There are homes available for 900-1000 liras, but those are not suitable for our customers’ budgets,” said Ateş.

The problem is exacerbated because many seasonal workers who used to vacate their homes at the end of the summer now rent year-round, aware of the difficulties they will face finding rentals the following summer, Ateş said.


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Notice on comments

illawarrior hill

8/12/2012 6:17:50 AM

Seasonal pricing happens in all tourist areas. Price is determined by the intersection of supply and demand . If demand increases in summer, price goes up - simple economics.

Faruk Beisser

8/4/2012 11:25:41 AM

Ripoff of tourists is common usage in the Bodrum area.
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