According to tourism news Center, the news source of the tourism sector, Airbnb, a daily home rental application that has become a black hole in Turkey's economy, where many countries in Europe impose mandatory taxes and some cancel their licenses, is causing a significant increase in house prices as it offers property owners the opportunity to earn almost 4 times the monthly earnings.
While the number of people who rent several houses in the same area through the airbnb app and earn income by renting them out for short periods of time is increasing rapidly, real estate agents say that this is especially common in areas such as Beşiktaş, Kadıköy and Şişli in Istanbul. According to legal experts, this is only possible if the owner has granted the right to sub-lease, but a recent regulation has made it mandatory for people who want to rent out their homes for short periods to report their commercial activity and to report who is staying at home within 24 hours. In order to avoid a possible audit, people who open bank accounts abroad, especially those targeting foreigners, can thus avoid processes such as tax and identity declaration, while the practice, which causes untaxed and unregistered accommodation, also creates an unfair competitive environment for taxable hotels.
Stating that the airbnb application, where it is possible to rent a mansion for 50 thousand liras a day or a room for 200 liras a night, has an annual loss of more than 10 billion liras to the Turkish economy, experts say that the application also causes rents to increase.
Due to the high return, many homeowners prefer to rent out their homes through such applications instead of monthly rent, which both limits the options for those looking for a rental house and causes prices to inflate. Some entrepreneurs even open their own rented apartments for daily rent.