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Build Cost Estimator · Updated June 2026

How much does a bespoke wooden yacht
cost to build in Turkey?

Configure your vessel below. Figures are based on current Bodrum and Marmaris yard rates for June 2026, verified across active commissions. All prices in EUR.

€300K–€6M
Full build range, Turkey 2026
40–55%
Below equivalent N. European yards
12–36 mo
Typical build timeline
Step 01
Vessel type
The hull form is the single largest driver of base cost. Gulets carry a premium for their beam and interior volume.
Step 02
Length overall (LOA)
Cost per metre increases non-linearly above 22m — structural complexity, materials volume, and yard specialisation all climb steeply.
18 metres
Typically 4–5 cabins
12m18m24m30m36m
Step 03
Hull construction method
Construction method affects both build cost and long-term maintenance. Cold-moulded epoxy carries a 15–25% premium but reduces maintenance costs over time.
Step 04
Primary timber specification
Teak carries the largest cost premium — both for material and the labour required to work it. Iroko delivers comparable durability at significantly lower cost.
Step 05
Specification level
Interior finish is where cost ranges diverge most dramatically. The difference between a standard and bespoke interior on the same hull can exceed €400,000 on a 24m vessel.
Step 06
Additional specifications
Select all that apply. Each adds to base cost. Figures shown are typical additions for a 20–24m vessel.
Estimated build cost
€ 820,000
18m Gulet · Mahogany · Deluxe
Realistic range: €750,000 – €950,000
Hull & structure € 490,000
Interior & joinery € 180,000
Engine & propulsion € 75,000
Deck & rigging € 45,000
Electrical & systems € 30,000
Options selected € 0
Build total € 820,000
Build time estimate 18–24 months
Comparable N. European cost € 1,500,000
Your saving vs. Europe ~€ 680,000
Surveyyat supervision fee
€ 18,000 – €33,000
2–4% of build value · Includes contract review, weekly yard visits, all milestone certificates, sea trial, and full provenance file.
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Market Reference
2026 price benchmarks — what you can build for your budget

Based on verified 2026 quotes from active Bodrum and Marmaris yards. European equivalents from publicly available listings at Dutch, French, and Italian yards.

Vessel Build cost Turkey European equivalent Timeline Notes
14m Gulet, 3 cabin, iroko, standard € 320,000 – €420,000 € 580,000 – €750,000 12–16 months Best entry point
18m Gulet, 4–5 cabin, mahogany, deluxe € 700,000 – €950,000 € 1.3M – €1.7M 18–24 months Most popular size
22m Gulet, 5–6 cabin, teak, bespoke € 1.4M – €2.0M € 2.5M – €3.5M 24–30 months Charter-viable
24m Gulet, 6 cabin, full teak, bespoke + all options € 2.0M – €2.8M € 3.8M – €5.2M 28–34 months Supervision essential
28m Ketch, mahogany, cold-moulded, bespoke € 2.8M – €4.0M € 5.0M – €7.5M 30–40 months Specialist yard required
Second-hand gulet, 18–20m, 2015–2020, good condition € 380,000 – €700,000 — Survey + 4–8 weeks Survey always required
What the calculator does not include
Budget for these separately
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VAT & flag registration
Turkish VAT (KDV) at 20% applies to the build contract if the vessel remains in Turkish waters. EU flag registration and export structures can legally mitigate this — requires specialist legal advice. Budget €8,000–€20,000 for legal and registration fees.
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Design & naval architecture
Custom designs from a qualified naval architect cost €15,000–€60,000 depending on complexity. Many Turkish yards work from established design variants at lower cost. If you want a truly original hull form, factor this in from the start.
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Delivery & sea trials
Delivery crew from Bodrum to your home port: €8,000–€25,000 depending on destination. Insurance during delivery: 0.1–0.2% of vessel value per voyage. Sea trials and commissioning: typically included in build contract but confirm in writing.
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The 15% contingency rule
Every experienced commissioner adds 15% to their budget for scope changes, material upgrades, and unforeseen issues. This is not pessimism — it is standard practice. A build that runs to budget without any changes is the exception, not the rule.
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Second-hand: survey before everything
Never make an offer on a wooden vessel without an independent pre-purchase survey. Osmosis, moisture ingress, hidden structural issues, and system failures are not visible on a viewing. Survey cost (€950–€2,400) is the cheapest insurance you will ever buy.
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Annual running costs
Plan for 8–12% of vessel value per year in operating costs: crew (if any), marina fees, insurance, annual maintenance, antifouling, and survey. A well-maintained wooden vessel depreciates far more slowly than GRP — quality builds hold value for 30+ years.