ATOR predicted an increase in rental prices for tourists in Turkey 14:08
It is estimated that rental housing prices in Turkey, including those coming from Russia, will increase. This has been reported Web site Association of Tour Operators of Russia (ATOR). The organization announced that the Turkish parliament adopted the first part of the new law on the rental of tourist residences.… The Association of Tour Operators of Russia (ATOR) has predicted that rental housing prices in Turkey, including those from Russia, will increase due to the new law introduced by the Turkish parliament in January 2024. From January 1, 2024, rental housing in Turkey will not be able to be rented to tourists without a license or other conditions, and large fines will be imposed. Subleasing, subleasing, and fines will also be imposed, while tourist rights are more protected under the law. The average market price for tourist rental apartments and other residences in Turkey is expected to increase by 30-35% on average compared to next year. However, since the aim of the law is to launder the “gray” apartment rental segment through various sites and intermediary applications such as AirBnb, it is predicted that it will become increasingly expensive for rental housing for tourists in Turkey.
Published : 2 years ago by Ben in Business
It is estimated that rental housing prices in Turkey, including those coming from Russia, will increase. This has been reported Web site Association of Tour Operators of Russia (ATOR).
The organization announced that the Turkish parliament adopted the first part of the new law on the rental of tourist residences. According to ATOR, from January 1, 2024, owners of such housing will not be able to rent flats, apartments and other housing in Turkey to tourists without a license and a number of other conditions; Subleasing will be banned and large fines will be imposed. Fines were imposed for violations.
It was noted that the law is not aimed at tourists, on the contrary, tourist rights are more protected with the new law. However, since the aim of the law is to launder the “gray” apartment rental segment through various sites and intermediary applications such as AirBnb, it will be inevitable for rental housing for tourists in Turkey to become expensive.
According to ATOR’s forecast, the average market prices of tourist rental apartments and other residences in Turkey will increase by 30-35% on average compared to next year.
Uğur Talayhan, formerly Vice President of Accor Hotel Group and General Manager of Istanbul Swissotel Bosphorus Hotel statedIt cannot be said that the current tourism season in Turkey is successful. He noted that housing reserves in Istanbul decreased due to high prices due to inflation in the country, the consequences of the past and the fear of future earthquakes, and the election period in May.
Previously at ATOR said About the features of all-inclusive hotels in the UAE.