The Turkish government is preparing to impose stricter regulations on Airbnb-style short-term rentals as it seeks to address the issue of rising rents.
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 short-term rentals. Homeowners will be subject to taxes, required to display a sign in front of the building, and pay a fee.
The country also witnessed a surge in legal disputes between landlords and tenants, primarily driven by the government’s imposition of a 25% annual cap on rental price increases, despite the backdrop of soaring inflation that is running above 60% in annual terms.
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