Is Airbnb legal in Istanbul?

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Istanbul, Turkey Airbnb Rules & Regulations

Last updated on: 13th August, 2024

Don’t worry, Airbnb is legal in Istanbul!
Here are some statistics! As of 13th August, 2024, there are 25,641 listings available in Istanbul from Airbnb alone. Mert manages 291 listings, while Tevfik and VNG Property operates 273 and 170 respectively. Out of 25,641 listings, 20% of listings have short-term rental licenses. Most listings are operating without official license. It means short-term rental regulation isn't strictly enforced in Istanbul.
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Map
Occupancy Rate

55%

TRY1,748

Daily Rate

TRY341K

Revenue (2023)

25,641

Number of Listings

Short-term Rental Regulation & Rules in Istanbul

In Istanbul, Airbnb regulations have undergone significant changes following new laws that aim to carefully balance tourism benefits with local community interests. Key elements include:

  1. 100-Day Limit: Property owners are restricted to renting out their properties for a maximum of 100 days annually for short-term tourism purposes. This cap is crucial for maintaining the character of residential areas and balancing tourism and long-term housing needs.

  2. Mandatory Permits: To legally operate an Airbnb, property owners must secure a Tourism Accommodation Rental Permit. This permit involves a rigorous process that requires unanimous approval from all apartment owners for buildings with multiple units and adherence to local zoning laws.

  3. Permit Fees and Penalties: The application for the permit includes fees determined by the Ministry of Culture and Tourism, with fines reaching up to 1,000,000 Turkish Lira for non-compliance or failure to obtain the necessary permits.

  4. Zoning and Ownership Restrictions: For apartment buildings with more than three units, only 25% can be used for short-term rentals, unless the entire ownership is secured. Additionally, those wishing to rent more than five units in the same building face additional requirements, such as a business license.

  5. Exceptions and Loopholes: Certain high-quality residences with amenities like security or a gym, and single transactions that exceed 100 days, might be exempt from some of these restrictions, pending approval from relevant authorities.

  6. Role of Travel Agencies: Rentals conducted by non-owners must go through (A) group travel agencies. This ensures professional management and oversight, adding a layer of security to the rental process.

  7. Reporting and Compliance: Hosts are obligated to comply with the Identity Notification Law, necessitating the collection and reporting of guest information to authorities, and they must maintain records of rental activities to avoid penalties.

This regulatory framework demands meticulous compliance from hosts, with robust inspection systems in place to monitor adherence, reflecting Turkey's commitment to regulating its burgeoning short-term rental market while promoting sustainable tourism.

Airbnb Statistics in Istanbul! 🚀

Currently, there are 25,641 Airbnb listings in Istanbul, with 39% of entire houses earning up to TRY27,684 a month. The Average Occupancy Rate in Istanbul is 55% and the average daily rate is TRY1,748. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Istanbul can make up to TRY479,612 each year.
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