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    Property Owners in Turkey Turn to Short-Term Rentals Amid Rent Cap

    Property owners in Turkey are increasingly turning to short-term rentals (STRs) as a result of the recent extension of the annual rent increase cap, as the figures fall far below market value. The STR sector, previously popular in touristic hotspots, has now become much more widespread. Mustafa Hakan Özelmacikli, vice president of the Entrepreneur Real Estate Agents Association, said that the number of daily rental ads across the country has increased by 50 percent in the last two years.

    Hurriyet Daily News (Turkey) (07/06/23) Gülistan Alagöz

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