ABNB - Airbnb Faces New Hurdles Turkey Tightens Regulations on Short-Term Rentals As Rents Inflate | Benzinga
Turkey is on the brink of tightening its grip on short-term rental properties like those listed on Airbnb Inc (NASDAQ: ABNB). A new bill, instigated by the AK Party, is under consideration in the Turkish Parliament.
If passed, it will mandate landlords to secure permits for short-term rentals, directly impacting the burgeoning home-sharing economy amid the country’s ongoing struggle with escalating rents and home prices.
The governing AK Party has proposed that landlords obtain explicit authorization from the Ministry of Culture and Tourism ...