Rumors of a possible earthquake in Istanbul led to a sharp outflow of the population from the “cultural capital” of Turkey. At the same time, according to the Turkish media, both the Turks and the “relocated” Russians flee from the former Constantinople to the resort areas, but not to Antalya, which is also considered dangerous in terms of tremors. The most popular resort is Bodrum in the province of Mugla, which is considered the most distant from the seismic fault line.
According to Nizamettina Aşa, president of the Istanbul Chamber of Realtors, Muğla has become the province where the most immigrants from Istanbul are currently receiving. Moreover, this region is in the center of attention not only of Istanbul residents, but also of Russian citizens. As a result, prices have risen, and the volume of free real estate tends to zero.
At least Serkan Zeki Oztunkay, general secretary of the Bodrum Real Estate Consultants Association, who stressed that Bodrum is filled to capacity all summer months, but this year the demand is much higher, said: “In the past, Russians preferred the Alanya-Antalya region. But now they have started coming to Bodrum. As a result, we see, on the one hand, an increased interest on the part of those who are fleeing from a possible earthquake in Istanbul, on the other hand, real refugees from the east. As a result, the population will increase to 1.5-2 million,” he said. He also added that the demand for annual rentals is actively growing, and the supply in this area is small, as owners prefer seasonal tenants. At the same time, he added that “the price range is very variable and can reach from 150 thousand to 5-6 million liras.”
He was supported by Ziya Erkan, president of the Muğla Professional Chamber of Real Estate Consultants, who stated that with high demand, there are not many sales due to the high price. “Many people want to rent a house, but there are no offers, and the prices for those available are astronomical. Currently, there is a huge shortage of rental houses in Muğla,” he said.
However, this is not the only problem – as Mr. Oztunkay emphasized, the population of Bodrum will increase to 1.5-2 million people with the advent of season – and this is a threat to the infrastructure of the resort. “We already have serious infrastructure problems and they will only get worse. Water and roads will be a problem,” he said.
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