Is it profitable to do Airbnb in Istanbul, Turkey?
What is the occupancy rate of Airbnb in Istanbul, Turkey?
What is the average daily rate of Airbnb in Istanbul, Turkey?
Turkey / Istanbul
Istanbul, Airbnb Market Statistics & Data, Turkey
A typical short-term rental listing in Istanbul is booked for 204 nights a year, with a median occupancy rate of 56% and an average daily rate of TRY1,878. In 2023, a typical host income (annual revenue) was TRY364K. As of 12th September, 2024, there are 23,065 active Airbnb listings.
Average Revenue: TRY364K/yr
Occupancy Rate
56%
Avg Daily Rate
TRY1,878
Budget
No. of Listings
31,676
Big
YoY Revenue Change
14.8%
Best Month
October
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
TRY24,887
Average
TRY36,136
High
TRY47,404
Is Airbnb Profitable in Istanbul?
Yes, there is good short-term rental demand. A 56% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Istanbul
Short-term rental regulation is lenient in Istanbul. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in Istanbul
A typical listing recorded a 56% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 80.19% of the guests are international guests, and visitors from Turkey is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 56%
23,065 Active Listings
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Explore Istanbul's Airbnb Data ⟶
Best Areas in Istanbul for Airbnb
Are you wondering where to invest in Istanbul? Look no further!
- Sultanahmet Square
- Hagia Sophia
- Topkapi Palace
- Blue Mosque (Sultan Ahmed Mosque)
- Grand Bazaar
- Bosphorus Strait
- Galata Tower
- Dolmabahçe Palace
- Spice Bazaar (Egyptian Bazaar)
- İstiklal Avenue
Top demand Airbnb in Istanbul
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 23,065 listings.
See 23,065 listing Statistics
Professional Short-term rental property managers in Istanbul
We've compiled a list of host profiles that manage the most Airbnb properties in Istanbul. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Istanbul
Here is a breakdown of short-let properties in Istanbul. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type