Thursday, May 6, 2010

Prices Rise Slightly in Istanbul for Furnished Accommodation

Prices for furnished rentals in Istanbul seem to be in the rise over the past 6 months. Property managers seem to have increased the rental prices on their websites by 10 - 20% since the beginning of 2010.

Most of these lanlords offer apartments all inclusive since the guests usually stay short term around 2 to 4 weeks. It is not really possible to charge short term guests for the utlilities and other expenses unless the actual bill is received for the term they stayed in. Such expenses also are on the rise and this effects the bottom line for the landlords.

Also, there seems to be an incresing demand from foreigners for furnished apartments and rooms.

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