Real estate appraisal in Farilya (Gündoğan)
Farilya, today known as Gündoğan, is a bay-laden coastal area on the northern shore of the Bodrum peninsula. With its sheltered bay, beach and sea-view slopes, it is a market with strong demand for holiday homes and villas. Its property fabric is made up of coastal-strip villas, gated-community homes, apartments and hillside plots.
This page summarises the appraisal factors in Farilya (Gündoğan) and the property types most commonly encountered. Appraisals are prepared by an SPK-licensed expert, using area-based comparables and in accordance with regulations.
Appraisal factors in Farilya
Proximity to the sea and the view
As a coastal area, in Farilya the distance to the sea, the sea view and the walking distance to the beach/bay are the most decisive factors for value. The difference in level between the coastal strip and the slope creates a view premium that markedly affects value.
Property type
- Coastal-strip villa: Detached villas close to the sea — the area’s highest-value segment.
- Gated-community villa / home: A managed arrangement with gardens and a shared pool.
- Apartment and investment home: A segment carrying summer rental yield.
- Hillside plot: Zoning status and view are assessed together.
Seasonality and rental potential
Farilya is a typical holiday market; actual use is concentrated heavily in the summer months. For investment homes and rental-oriented properties, income potential adds a further dimension to the appraisal.
Typical appraisal scenarios
- Bank loan appraisal: In villa, gated-community home and apartment loans.
- Sale-to-foreigner valuation: An SPK-licensed report for title-deed transactions.
- Villa appraisal: A specific methodology for the coastal strip.
- Plot appraisal: On hillside and zoned parcels, together with the view.
Frequently asked questions
What factors determine value in Farilya? Distance to the sea, the sea view, walking distance to the beach/bay, structure condition, gated-community arrangement and zoning status are the leading factors.
How is view value treated for hillside plots? On hillside plots, the level, orientation and panoramic sea view create a view premium; this is assessed together with zoning status.
How is appraisal carried out for a sale to a foreigner in Farilya? An SPK-licensed valuation report is required for a sale to a foreigner; the report is submitted to the land registry office and is valid for a certain period. For details, you can get in touch via the contact page.