VRMA Administrator
Turkey is preparing to impose stricter regulations on short-term rental (STRs). Under a bill submitted to Turkish Parliament by the governing AK Party, landlords would be required to obtain permits from the Ministry of Culture and Tourism for STRs. Homeowners will be subject to taxes, required to display a sign in front of the building, and pay a fee. The move comes at a time when Turkey is grappling with steep rises in both home prices and rents.
Bloomberg (10/10/23) Firat Kozok; Taylan Bilgic
