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How much does a luxury accommodation cost per night in Istanbul?

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    How much does a luxury accommodation cost per night in Istanbul?

    If you are planning a trip to Istanbul, you might want to stay in a nice house rather than a hotel. Yes it is going to be a lot more expensive, but luxury things usually are expensive. If you want to know the range of prices for these apartments before renting one for a few nights, here what you should know:
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    Short-term rentals in Istanbul have become increasingly popular among tourists, with prices starting at 5,000 Turkish Liras per night. This trend is particularly evident in the city's most popular tourist areas, such as Taksim, Beşiktaş, and Kadıköy. If tourists want a place with a view and eye-catching interior design, the lower limit is 3,000 liras ($150). However, for large, stylish houses with big windows and balconies, the price goes up to at least 5,000 liras. As the splendor of the houses increases, this amount can exceed 10,000 liras.
    Cihangir ,which is one of the most popular destinations for accommodation in Istanbul, costs around 1,200 liras per night.
    In Beşiktaş, you can expect prices from 7,000 to 20,000 Liras per night.

    The demand for short-term rentals has risen significantly due to the COVID-19 pandemic, with many travelers preferring to stay in private accommodations rather than hotels. Istanbul's unique culture, rich history, and stunning architecture also make it an attractive destination for tourists from around the world.

    Despite the high prices, many property owners are still opting to rent out their homes or apartments on a short-term basis, attracted by the high potential earnings. However, the increase in demand has led to concerns about the impact on the city's housing market, with some locals struggling to find affordable long-term rentals.

    Overall, short-term rentals are expected to continue to be popular in Istanbul, particularly as the tourism industry gradually recovers from the pandemic. However, the government is expected to introduce regulations to ensure that the market remains fair and sustainable for both property owners and tenants.​