Turkish Statistical Institute announced the inflation rates for April. Accordingly, the 12-month average data, which is the basis for rent increases under normal conditions, has also become clear.
Thus, the ceiling increase rate that can be applied to house and workplace rents in May has been determined. Accordingly, the increase rate to be applied to rents in May was 32.43 percent.
HOW IS RENTAL INCREASE CALCULATED?
When calculating the rent increase, the legal upper limit is determined according to the 12-month CPI average announced by TURKSTAT. While calculating, the current rent amount is multiplied by this ratio and the resulting increase is added to the existing rent to find the new rent.
