Istanbul, crossroads of worlds
17M+ international visitors/year; weak lira makes it highly competitive.
The 2024 law
Tourist rentals (under 100 days) require a Ministry of Tourism permit with an official plaque and unanimous co-owner approval — the biggest constraint. Heavy fines.
Market impact
Legal supply contracted; permitted properties' rental value rose. €50-120/night in Beyoğlu, Sultanahmet, Kadıköy.
Strategies
With a permit: enjoy reduced competition. Without: the 100-day threshold pushes to mid-term rental for expats and students. A professional CapDirect mini site builds the trust direct bookers need.