Exploring the vibrant world of Airbnb in Turkey offers a unique opportunity for property owners to tap into the lucrative tourism market. This article delves into the essentials of listing your property on Airbnb in Turkey, navigating the legal landscape, and understanding the tax implications.
How to list your property on Airbnb in Turkey?
Listing your property on Airbnb in Turkey involves several steps, including legal requirements:
- Create an Airbnb account: Sign up for an account on Airbnb in Turkey. Provide all necessary details about yourself and your property.
- Prepare your property: Ensure your property meets Airbnb’s standards in terms of cleanliness, safety, and amenities.
- Legal compliance: According to Law No. 7464, you must obtain a permit for tourism-purposed short-term rentals. This involves a unanimous decision by all shareholders of the building where the residence is located, especially in multi-story buildings.
- Permit application: Apply for the permit through the Ministry of Culture and Tourism. This includes submitting documents proving compliance with fire, health, and safety standards.
- List your property: Once you have the permit, list your property on Airbnb. Include high-quality photos and a detailed description, and set a competitive price.
- Manage your listing: Be responsive to inquiries, manage bookings, and maintain high standards to attract more guests.
Airbnb rules in Turkey
In Turkey, Airbnb hosts must adhere to specific rules and regulations for short-term rentals. Law No. 7464, which has been effective since November 2, 2023, sets the legal framework for these rentals. Key points include:
- Permit requirement: Hosts must obtain a permit for rentals up to 100 days. This permit is mandatory before signing any rental contract.
- Limitations on rental frequency: If a property is rented out more than four times within a year, it falls under the permit requirement, regardless of the individual contract lengths.
- Building shareholder approval: For properties in multi-story buildings, unanimous approval from all shareholders is required to obtain a permit.
- E-commerce platform compliance: Platforms like Airbnb are only allowed to list properties with a valid permit and must continuously verify the permit’s validity.
- Sanctions for non-compliance: Hosts and platforms face severe fines for listing or renting properties without permits.
Airbnb tax in Turkey
Regarding taxation for Airbnb rentals in Turkey, both local and foreign property owners are subject to specific tax regulations. The Airbnb tax is the same as the other short-term property rental taxes in Turkey. Property owners who earn a rental income of 500 TL ($16.75) or more must make payments through bank and postal administrators. Property owners who earn a rental income of 3,900 TL ($130.80) or more must declare their income to the government and possibly pay taxes. You can find more information on Airbnb taxes in Turkey here.
Frequently Asked Questions (FAQs)
Is Airbnb allowed in Turkey?
Yes, Airbnb is allowed in Turkey. The country has embraced the Airbnb model, with many property owners listing their spaces on the platform. However, it’s important to note that there are specific regulations and legal requirements, such as obtaining a permit for short-term rentals, that hosts must comply with under Turkish law.
Does Airbnb work in Turkey?
Airbnb works in Turkey and is a popular platform for both hosts and travelers. Turkey’s rich cultural heritage, stunning landscapes, and vibrant cities make it an attractive destination. Airbnb offers visitors a wide range of accommodation options, from traditional homes to modern apartments.
Are Airbnb property rentals in Turkey profitable?
Airbnb property rentals can be profitable in Turkey, especially in tourist hotspots and major cities. The profitability depends on factors like location, property type, amenities offered, and effective management. Hosts who provide exceptional experiences and maintain high standards often see higher occupancy rates and can charge competitive prices.
What is the best place to start Airbnb in Turkey?
The best place to start an Airbnb in Turkey is typically in areas with high tourist traffic. Cities like Istanbul, Antalya, Bodrum, Samsun, Cappadocia, and coastal towns along the Aegean and Mediterranean seas are top choices. These locations are known for their historical significance, natural beauty, and cultural attractions, making them highly sought after by travelers.