Le Méridien Bodrum Beach Resort Residences: Freehold Ownership, but VAT Differs 1% vs 20% by Unit Type
Why this matters
When two unit types in the same project show different VAT treatment, comparing them purely by headline price can be misleading. Worth confirming directly with the developer why the VAT rate differs before treating the per-m² prices as apples-to-apples.
Project details
Freehold ownership (not leasehold) — a genuine difference from several other Turkish branded-residence deals in this catalog. Located on a private, secluded bay with a 650m natural sandy beach, 15 minutes from Bodrum Milas Airport. Co-located with VITALICA wellness. Marriott-standard fully furnished residences with built-in kitchens.
Unit types and prices:
- Panoramic Terrace Residence — €1,200,000 (VAT 1% included), 175 m², 3+1 layout, 4 bathrooms, panoramic terrace
- Garden Duplex Villa with private pool — €1,950,000 (VAT 20% included), 255 m², 4+1 layout, 5 bathrooms, private garden and pool
Estimated rental yield: 7–10% net annual ROI when the unit is placed in the hotel rental program (developer estimate, not a guaranteed figure).
2026 monthly maintenance fees: 3+1 Terrace Residence: 27,601.48 TL; 4+1 Pool Villa: 35,879.98 TL.
Rental-program tenant-side costs (Room Only rental model, 2026 estimates): 3+1 cleaning fee €303, buggy fee €374; 4+1 cleaning fee €578, buggy fee €523 — these are borne by the guest, not deducted from the owner's rental income.
Sales commission: 3% including VAT, calculated on the sales price excluding VAT, for freehold resales through the developer's consultants.
Frequently asked questions
Why does one unit type have 1% VAT and the other 20%?
The developer's own materials state the Panoramic Terrace Residence (€1,200,000) includes only 1% VAT, while the Garden Duplex Villa (€1,950,000) includes 20% VAT. The reason for the difference isn't explained in the general-information sheet — it's worth asking the developer directly before comparing the two prices as equivalent.
Is ownership freehold or leasehold?
Freehold — a meaningful difference from some other Turkish branded-residence projects in this catalog that use leasehold or franchise-based structures.
What ROI can I expect from the hotel rental program?
The developer estimates 7–10% net annual ROI when the unit participates in the hotel rental program — stated as an estimate, not a guaranteed rate.