Looking for a quality bungalow for retirement or lifestyle in Turkey and not having much luck in finding a decent one? Well, this is because Turkey is not traditionally a bungalow market.
With increasing number of overseas home buyers, particularly bungalow loving Brits, favouring affordable prices in Turkey's Mediterranean and Aegean coasts, developers recently noticed that there is indeed a gap in the market for single storey homes. Those, who are willing to accept lower margins on their properties, build bungalows aimed at the retiring ex-pat market.
The dilemma, from builders' viewpoint, is that although cost per square metre for constructing a bungalow is higher than a standard duplex or triplex house due to higher land cost per build area, they can't reflect this difference in their selling prices. As a result their margins are significantly lower. This is why most bungalows in Turkey tend to be in semi-rural areas such as Uzumlu, Fethiye, where land prices are somewhat lower. show less
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