{"id":18323,"date":"2023-07-07T09:18:13","date_gmt":"2023-07-07T09:18:13","guid":{"rendered":"https:\/\/www.konaak.com\/?p=18323"},"modified":"2026-03-23T18:52:27","modified_gmt":"2026-03-23T18:52:27","slug":"rent-home-in-istanbul","status":"publish","type":"post","link":"https:\/\/www.konaak.com\/blog\/en\/rent-home-in-istanbul\/","title":{"rendered":"Rent Home in Istanbul: The Basics"},"content":{"rendered":"\n<p>If you have recently bought a property in Istanbul and you\u2019re not planning to live in it, you have the perfect chance to turn this property into an amazing investment tool since the Turkish real estate market has turned into a gold mine over the years. Let\u2019s cover the basics of real estate for foreigners in Turkey and how to rent home in Istanbul.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #3d3d3d;color:#3d3d3d\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #3d3d3d;color:#3d3d3d\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.konaak.com\/blog\/en\/rent-home-in-istanbul\/#Long-Term_Rental\" title=\"Long-Term Rental\">Long-Term Rental<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.konaak.com\/blog\/en\/rent-home-in-istanbul\/#Short-Term_Rental\" title=\"Short-Term Rental\">Short-Term Rental<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.konaak.com\/blog\/en\/rent-home-in-istanbul\/#Rent_Home_in_Istanbul_Location\" title=\"Rent Home in Istanbul: Location\">Rent Home in Istanbul: Location<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.konaak.com\/blog\/en\/rent-home-in-istanbul\/#Taxes\" title=\"Taxes&nbsp;\">Taxes&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.konaak.com\/blog\/en\/rent-home-in-istanbul\/#Working_with_Property_Managers\" title=\"Working with Property Managers\">Working with Property Managers<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-Term_Rental\"><\/span>Long-Term Rental<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Rentals longer than a month are considered long-term renting and require a legal contract. Always make sure to finalize rental agreements on paper rather than verbally in order to avoid any problems. The rent should be paid to you via bank transfer for a paper trail in terms of financials. Once the rental contract is complete, don\u2019t forget to get it notarized to ensure that both you and your tenants are aware of and understand their obligations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Short-Term_Rental\"><\/span>Short-Term Rental<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When it comes to short-term rentals, the process is a bit more complicated though the outcome can be far more profitable than renting your property long-term. Your earnings in this instance are taxable as commercial income. You should definitely find an accountant to keep your financial records for you in the most accurate way possible. Then you must apply for a trading license and register your rental property with local authorities. The most crucial part of this process is registering your guests with the police via the GIYKIMBIL system (Ge\u00e7ici \u0130kamet Yerleri Kimlik Bildirme Sistemi \u2013 Identification System for Temporary Residences). If you fail to declare your guests staying on your property, a fine will be assessed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rent_Home_in_Istanbul_Location\"><\/span>Rent Home in Istanbul: Location<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You should check out our recent blog post <a href=\"https:\/\/www.konaak.com\/blog\/en\/property-management-istanbul\/\" target=\"_blank\" rel=\"noreferrer noopener\">Property Management Istanbul: Here\u2019s How<\/a> if you are wondering which districts would be more ideal for a buy-to-let investment. Currently, the top choices to rent home in Istanbul are Beyoglu, Sisli, Besiktas, Kadikoy and Uskudar. Less popular districts like Atasehir, Sariyer, Bakirkoy and Fatih would also be good options for rentals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Taxes\"><\/span>Taxes&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Please note that you are required by law to report your rental income to the tax office if it exceeds 21,000 Turkish Liras annually. If you own a business utilities like electricity, water and Wi-Fi can be tax deductible. You must pay your taxes for each year in two parts in the following year. You also need a tax ID. We advise you to refer to the <a href=\"https:\/\/www.gib.gov.tr\/sites\/default\/files\/fileadmin\/beyannamerehberi\/2020_Darmukellefenglish.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">English handbook<\/a> for foreign landlords published by the Turkish tax office for detailed information about taxes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Working_with_Property_Managers\"><\/span>Working with Property Managers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you have a tight schedule or own multiple properties, working with professional property managers is highly recommended in terms of managing your income, guest or tenant relations and marketing.&nbsp;<\/p>\n\n\n\n<p>You can safely trust Konaak with managing your property thanks to our wide-ranged portfolio and dynamic team. <a href=\"https:\/\/www.konaak.com\/en\" target=\"_blank\" rel=\"noreferrer noopener\">Contact us<\/a> to get more rental income from your property in Istanbul with our professional rental service.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have recently bought a property in Istanbul and you\u2019re not planning to live in it, you have the 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