Turkey introduced new regulations governing short-term rentals in 2024, requiring platform licenses and imposing stricter building-level consent requirements. The changes have reduced supply and increased compliance costs — but have not killed the market.
The New Licensing Requirement
Short-term rental operators (fewer than 90 days per booking) must now obtain a license from the Ministry of Culture and Tourism. The application requires building management consent (unanimous agreement among owners is needed if the property is in an apartment block) and a habitation certificate.
Short-Term vs Long-Term: The Numbers
A well-run Airbnb in Kadıköy or Beyoğlu can generate ₺80,000–₺150,000 per month in gross revenue at 70% occupancy. A comparable long-term rental generates ₺30,000–₺55,000. However, Airbnb management fees (15–25%), cleaning, maintenance, and the cost of licensing reduce the net advantage significantly.
Our Recommendation
For investors who cannot be present in Istanbul, long-term rentals offer predictable income with fewer management headaches. Short-term rentals reward hands-on operators with the right property in the right location — typically a central 1+1 or studio near public transport.
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