nlike the traditional investment of long-term rentals. Renting out your apartment on Airbnb is mostly for the short term where you get the chance to host many guests throughout the year. Many investors are taking opportunities to invest in the short-term rental market using platforms such as Airbnb, Vrbo and Sahibinden.
Do you have a property in Turkey, unoccupied for some periods but you are still confused about renting it on Airbnb ? Have you been interested in short-term rentals investment, but you are still wondering which cities are the best fit for you and that can generate a great deal of profit?
Whether you already have a property for short-term rents or thinking of potential sales (learn about the “We invest for you“ service), the Location you choose is one of important factors to consider in investments. This article will give you some insights that can guide you in deciding on the most attractive and best locations to invest in.
The most attractive cities to invest in short-term rentals:
Turkey is one of the popular and great destinations to spend holidays due to its vital role in tourism. Worth-seeing sights and diverse cities from the Marmara region to the Black Sea, to the Mediterranean regions, and far beyond.
The best Airbnb investments in Antalya:
Antalya is a valuable metropolitan city to invest in short-term rentals for apartments and houses, you get the benefits of living in a calm environment with summer vibes. Antalya is known as the pearl of the Mediterranean. It has a beautiful harmony of historical sights, fascinating nature, and stunning beaches.
This famous city on the seaside attracts all kinds of travelers; solo backpackers, digital nomads, couples, or families. About 9 million tourists in 2021 visited Antalya.
In Antalya, you can live astonishing experiences. Take some peaceful moments to watch the sunset as you go for a swim, or you can plan to have a picnic with your loved ones besides the sea, or even renting bicycles to cycle along the beach till ‘Lara’ s area. If you are into sports activities, you may prefer to go for a run under the palm-trees while enjoying the fascinating view of sea waves.
You can also visit the Hadrian’s gate in Kaleici that has many narrow streets, filled with souvenir shops and traditional carpet sellers. It would be great to stroll around and have some fresh fruit juice. Also, the surroundings of Antalya have marvelous landscapes. For instance, Adrasan and Olympus have breathtaking nature with sunny beaches where people camp. The latter could be a great idea to turn your bungalow or make unique accommodations for daily rentals to tourists, especially in the summer season.
Antalya is a perfect place for both hosts and tenants. Your investment in renting your place for a short term can be a chance to provide vacationers an authentic and exceptional stay to experience the Turkish Mediterranean hospitality. Offering rent in such a famous touristic place can attract high occupancy and therefore it boosts your returns and helps you gain more income. Many Airbnb listings to rent houses or apartments are located in several remarkable places with affordable prices such as the Old town, Konyaaltı, Lara, Liman and Belek. The average renting price marks 86 dollars per day on Airbnb. Airbnb occupancy rate (in the last 12 months): 44% Average Airbnb daily rate: $86
Airbnb in Konyaaltı vs Airbnb in Kaleiçi
- Konyaaltı beach:
- Despite being so vibrant with many tourists residing in Konyaaltı, it is comparably calmer than Kaleiçi ( old town)
- A walking distance to the sea and Konyaaltı beach
- Just a few kilometers away from city center as it is easily accessible by bus
- Ideal place for digital nomads as there are little coffee shops to relax and work online
- It is near the Aktur Park and Aqualand for entertainment
- Migros shopping center is located nearby
- Kaleiçi (Old Town) :
- The Old Town is a more of a crowded area full of cafes and pubs and it is very lively in evenings
- in walking distance to the marina or waterfront
- One can enjoy wondering near the Clock tower, shopping avenues and bazaars
- it is full of Old ottoman building and beautiful cobbled grounds along the Hadrian’s Gate
- Near the mall of Markantalya city center
The best vacation rentals in İstanbul:
Istanbul is one of the remarkable destinations. It is known as the largest city constituting a hub for economy, culture, and history. The city was the capital of the Byzantine Empire and the Ottoman Empire and currently, it hosts over 15 million residents.
In 2020, Istanbul ranked as the world’s 8th most visited city in the world. It is vividly growing in the tourism industry where a total of 24.7 million tourists visited the city last year.
This beautiful city unites both sides of Asia and Europe. It has over 3000 mosques with significant ones such as Sultanahmet Mosque(The blue mosque) and Hagia Sophia. The mosques have such a unique interior design of walls and ceiling artwork that leaves you in awe. There are so many exquisite things to experience. Grand Bazar is one of the sights that was built in the 15 th century. It is full of thousands of shops for souvenirs, carpets, and jewelry. One can also get lost from marveling at Ottoman and Byzantine monuments to enjoying the breathtaking view of the Bosphorus while witnessing the captivating prayer call and sunset.
We list Istanbul as one of the top cities for Airbnb investments. Real estate property prices appreciated by 20,8% in 2021. Airbnb is a great chance to explore the authentic local Turkish style and hospitality. Tourists can prefer to rent out on Airbnb over choosing hotels in different areas. The best Airbnbs are located in Sultanahmet, Eminonu, Galata, Karakoy, and Beyoglu.
Sultanahmet is a great Airbnb real estate investing place as it has popular historical ottoman sights. An area within walking distance from each landmark where you can discover ancient places such as Hagia Sophia, Topkapı palace, and museums.
Eminon is also attractive to tourists for short-term rentals. The area is vivid with ferries, full of the tourist crowd, and near the Grand bazar.
Airbnb occupancy rate (in last 12 months): 55%
Average Airbnb daily rate: $55
The best Airbnb investments in Izmir:
Izmir is the third-largest city in Turkey with more than 4 million inhabitants. It is located on the Aegean coast and is considered an important center for tourism, sea transport, and industry. Less known than İstanbul and Ankara, it is still one of the most attractive cities for tourists. The city is full of history with its own cultural special vibes.
What is so special about Izmir that makes it attractive to tourists? One can visit Konak square as it is known for The Clock tower which symbolizes Izmir. You can also take a stroll in Keremaltı market near the square, it is a crowded old Bazar with a traditional atmosphere of beautiful small coffees and souvenir shops. The city has a promenade to walk along the Aegean sea, you will find fisherman and mussel sellers, people exercising, and lovers or friends meeting for a drink. If you are a person who likes to discover interesting museums, you can visit Astonishing museums such as Agora which has the remains of the ancient city of Smyrna. Izmir is an incredible destination to explore famous areas like the castle of Kadifekale, an old sight meaning the velvet castle in Turkish and dates from the time of Alexander the Great. the ancient Greek city of Ephesus is also worth the visit with its large Roman theater and captivating ruins.
Izmir is one of the best cities for short-term rental investments. Real estate property prices went up by almost 40% in 2021. Especially Airbnb, as it is growing in demand from Russian and European travelers; backpackers, families, couples, and digital nomads. Many Airbnb houses or apartment rentals are located in incredible places with reasonable prices such as the Old district of Alsancak, Hatay district, Kordon, and the city center.
Alsancak: A perfect short-term rental location, a mixture of old buildings and modern ones. It is a vivid area with plenty of restaurants, cafes, and stores, and a nice place for outdoor walking as it is near the major attractions of the Clock tower, Aegean waterfront, and Kemeraltı market.
Konak: Konak square represents the city center where the Clock tower is built. Great for Airbnb rental to experience a local atmosphere bustling with life.
Hatay district: A much calmer and quiet place mainly for family vacation rental. With proximity to shopping malls.
Airbnb occupancy rate ( in the past 12 months): 29%
Average daily rate: $ 64
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