Real estate appraisal in Eskiçeşme
Eskiçeşme is a neighbourhood in central Bodrum where residential and commercial uses are interwoven. Its position close to the centre and the coast makes the neighbourhood a lively market with both year-round homes and commercial properties. Apartments, detached houses, shops and central plots make up the typical property types of the area.
This page summarises the appraisal factors in Eskiçeşme and the property types most commonly encountered. Appraisals are prepared by an SPK-licensed expert, using area-based comparables and in accordance with regulations.
The structure of the Eskiçeşme market
Eskiçeşme is a centrally located, mixed property market:
- Apartments and apart-flats: A centrally located segment with year-round use and rental demand.
- Detached house: Houses with gardens and detached structures within the neighbourhood fabric.
- Commercial property: Shops and business premises on avenues and side streets; location and frontage value are decisive.
- Central plot: Zoned residential and commercial plots.
Appraisal factors in Eskiçeşme
Location and proximity to the centre
- Distance to the centre and the coast: Proximity and walking distance to Bodrum centre are leading factors.
- Avenue and frontage status: For commercial properties, frontage width and visibility are decisive.
- Street layout: Pedestrian access and the surrounding density affect value.
Parcel and structure characteristics
- Parcel size and zoning function
- Floor and apartment position (frontage, level, lift)
- Age of the structure, intended use and finish quality
- Building permit and occupancy permit status
Commercial and rental potential
For centrally located apartments and commercial properties, rental yield is reflected in the appraisal; for income-generating commercial properties, the income capitalisation method may come to the fore.
Typical appraisal scenarios
- Bank loan appraisal: In home and commercial-property loans.
- Sale-to-foreigner valuation: A mandatory report for central home purchases.
- Commercial property appraisal: In avenue-front shop and business-premises portfolios.
- Inheritance and dissolution of co-ownership: Expert-witness reports for residential and commercial portfolios.
You can get in touch via the contact page to request an appraisal.
Frequently asked questions
Which factors are decisive in appraisal in Eskiçeşme? Distance to the centre and the coast, avenue and frontage status, floor/apartment position, intended use, structure condition and zoning function are the leading factors.
What is considered in appraising a central apartment? Floor and frontage position, apartment size, age of the structure, lift availability, proximity to the centre and local comparables are assessed together.
Is appraisal mandatory in a sale to a foreigner? Yes; since 2019, an SPK-licensed valuation report has been mandatory for property sales to foreign nationals. The report is submitted to the land registry office.
How long does it take to appraise an Eskiçeşme home? A standard home or commercial-property appraisal is completed within a few business days; for large portfolios the timeframe may be longer.