? ? In Turkey, renting property for less than 100 days is officially considered short-term and regulated by a separate law. For such activities, the owner must obtain a special license from the Ministry of Culture and Tourism of Turkey. Also, for ordinary apartments in residential complexes, the consent of all building owners is often required.
In addition, the Turkish authorities are actively strengthening control over illegal leases, and fines for lack of a license can reach hundreds of thousands of liras.!
? Today, the safest and most convenient format for short-term rental is branded residences, service apartments and projects with a hotel concept. In such complexes, the infrastructure and legal model are already initially adapted for daily rent, and it is easier for the investor to obtain the necessary permits and organise the management of the property.
? ? If the apartment is rented for more than 100 days, it is already considered a long-term lease, where the rules are much simpler and do not require a tourist license. That is why some investors today choose a strategy of stable long-term income instead of an active daily model.
Before buying real estate for rent, it is important to check several factors at once:
Whether a short-term lease is allowed in a particular project
Is it possible to obtain a license
What is the real income in the area
How developed is the infrastructure and transport
Is there a demand for rent in this location?.
The Mercury Group team is helping to find real estate in Turkey, taking into account real profitability, legal nuances and investor strategy – be it Airbnb, service apartments or stable long-term rentals? ¶??