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Rent increase rate announced

The inflation figures have been determined and the rent increase rate for August is now decided. The rent increase rate is determined according to the twelve-month average inflation. CPI was 65.93 percent in July based on twelve-month averages. Anyone, who is a home or workplace owner, whose contracts expire this month will be able to increase their rents by 65.93 percent . The 25 percent increase limit on rent increases ended in July. Last month, the rent increase ceiling was 65.07 percent in July. Ref: TUIK

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