Research Article

The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul

Volume: 18 Number: 3 May 15, 2025
EN TR

The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul

Abstract

Short-term rentals (STRs), particularly those offered via Airbnb, channel considerable capital into select neighborhoods, often those near city centers or in culturally vibrant districts. This study investigates Airbnb’s impact on the gentrification processes in Beyoğlu—one of Istanbul’s most internationally recognized historic areas. It highlights the additional layer that STRs contribute to ongoing urban transformation in neighborhoods already experiencing gentrification. This study used a mixed-method approach. While quantitative data on Airbnb listings in Beyoğlu was obtained from Inside Airbnb, qualitative data was collected through semi-structured interviews with key stakeholders. The findings indicate that Airbnb intensifies gentrification dynamics by driving up property values and precipitating the “Airbnbification” of housing, a phenomenon most pronounced in Galata. This trend threatens to reduce long-term rental options and push local residents out of their traditional neighborhoods. In an environment where regulations are absent or not effectively enforced, Airbnb and comparable STR platforms act as catalysts for urban change, reshaping the housing market beyond its conventional parameters. The case of Beyoğlu underscores the need for comprehensive policy interventions that address housing affordability, historical preservation, and the social fabric of gentrifying districts. By highlighting how STRs exacerbate existing inequalities, this research provides a basis for further debate on the regulatory measures required to safeguard the social and cultural integrity of historic urban areas.

Keywords

Supporting Institution

Hatay Mustafa Kemal Üniversitesi, Bilimsel Araştırma Projeleri Koordinatörlüğü

Project Number

19.M.032

Ethical Statement

Çalışmaya ilişkin etik kurulu raporu sisteme yüklenmiştir.

References

  1. Aalbers, M.B. 2016. The financialization of housing: A political economy approach. London: Routledge. https://doi.org/10.4324/9781315668666.
  2. Aalbers, M. B. 2019. “Introduction to the forum: From third to fifth-wave gentrification”, Tijdschrift Voor Economische en Sociale Geografie, 110 (1): 1-11. https://doi.org/10.1111/tesg.12332
  3. Aguilera, T., Artioli, F. and Colomb, C. 2021. “Explaining the diversity of policy responses to platform-mediated short-term rentals in European cities: A comparison of Barcelona, Paris and Milan”, Environment and Planning A: Economy and Space, 53 (7): 1689-1712. https://doi.org/10.1177/0308518X198622
  4. Amore, A., de Bernardi, C. and Arvanitis, P. 2022. “The impacts of Airbnb in Athens, Lisbon and Milan: A rent gap theory perspective”, Current Issues in Tourism, 25 (20): 3329-3342. https://doi.org/10.1080/13683500.2020.1742674
  5. Aslan, A. S. 2021, “Financialization of housing and mortgage debt repayment strategies of households in Turkey”, METU Journal of the Faculty of Architecture, 38 (2): 91-114. http://dx.doi.org/10.4305/metu.jfa.2021.2.1
  6. Aslan, A. S. and Harman Aslan, E. 2019a. Impact of new urban tourism on historical urban Areas of İstanbul: Gentrification led by short-term rentals. The International Conference of the Royal Geographical Society (with the Institute of British Geographers), 27-30 August 2019, London, UK.
  7. Aslan, A. S. and Harman Aslan, E. 2019b. Soylulaştırmada yeni bir katman olarak ev paylaşım ekonomisi: Beyoğlu örneği (Home sharing economy as a new layer in gentrification: The case of Cihangir). IV. Uluslararası Kent Araştırmaları Kongresi (IV. International Congress on Urban Studies), 16-19 October 2019, Ankara, Türkiye.
  8. Atkinson, R. 2003. “Introduction: misunderstood saviour or vengeful wrecker? The many meanings and problems of gentrification”, Urban Studies, 40 (12): 2343-2350. https://doi.org/10.1080/0042098032000136

Details

Primary Language

English

Subjects

Housing Markets, Development and Management

Journal Section

Research Article

Publication Date

May 15, 2025

Submission Date

October 6, 2024

Acceptance Date

April 4, 2025

Published in Issue

Year 2025 Volume: 18 Number: 3

APA
Aslan, A. S., & Harman Aslan, E. (2025). The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul. Kent Akademisi, 18(3), 1756-1779. https://doi.org/10.35674/kent.1562319
AMA
1.Aslan AS, Harman Aslan E. The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul. Urban Academy. 2025;18(3):1756-1779. doi:10.35674/kent.1562319
Chicago
Aslan, Ahmet Suvar, and Ebru Harman Aslan. 2025. “The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul”. Kent Akademisi 18 (3): 1756-79. https://doi.org/10.35674/kent.1562319.
EndNote
Aslan AS, Harman Aslan E (May 1, 2025) The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul. Kent Akademisi 18 3 1756–1779.
IEEE
[1]A. S. Aslan and E. Harman Aslan, “The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul”, Urban Academy, vol. 18, no. 3, pp. 1756–1779, May 2025, doi: 10.35674/kent.1562319.
ISNAD
Aslan, Ahmet Suvar - Harman Aslan, Ebru. “The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul”. Kent Akademisi 18/3 (May 1, 2025): 1756-1779. https://doi.org/10.35674/kent.1562319.
JAMA
1.Aslan AS, Harman Aslan E. The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul. Urban Academy. 2025;18:1756–1779.
MLA
Aslan, Ahmet Suvar, and Ebru Harman Aslan. “The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul”. Kent Akademisi, vol. 18, no. 3, May 2025, pp. 1756-79, doi:10.35674/kent.1562319.
Vancouver
1.Ahmet Suvar Aslan, Ebru Harman Aslan. The Short-Term Rentals and Gentrification: The Case of Beyoğlu, Istanbul. Urban Academy. 2025 May 1;18(3):1756-79. doi:10.35674/kent.1562319

Cited By

Urban Academy | Journal of Urban Culture and Management / Kent Akademisi | Kent Kültürü ve Yönetimi Dergisi
Information, Communication, Art and Media Network (ICAM Network) | www.icamnetwork.net
Address: Ahmet Emin Fidan Culture and Research Center, Evkaf Neigh. No: 34 Fatsa Ordu
Tel: +90452 310 20 30 | Publication Group Mail: info@icamnetwork.net | Journal Mail:  editor@kentakademisi.com