With the announcement of the inflation rates for November by the Turkish Statistical Institute (TUIK), the housing and workplace rent increase rates have also become clear.
With the announced November inflation data, the ceiling increase rate to be applied to rents and workplaces became clear as 60.45 percent.
Last month, the ratio in question was announced as 62.02.
Under normal circumstances, rent increase rates calculated according to CPI data have been limited to 25 percent for the last 2 years following the practice introduced by the government.
As of July, this limit has been lifted and tenants who will renew their contracts as of July will be paying a rent increase based on the CPI.
ON WHAT DATA WILL THE PRICE INCREASE BE MADE?
The rate of increase for houses is calculated by looking at the rate of change in the CPI announced by TÜİK according to the 12-month averages of the month before the month in which the increase will be made. The property owner has the right to make an increase at a rate equal to or less than this rate. For example, if the increase will be made in October, the change data of the CPI index announced by TÜİK according to the 12-month averages in September of the relevant year is looked at. Source: https://haberiskelesi.com/
The link below will assist in the calculation of rent increases:
