New Rent Increase Rate Announced: What Tenants and Property Owners Should Know

The new rent increase rate applicable to residential and commercial properties has officially been announced. Based on the latest data released by the Turkish Statistical Institute (TURKSTAT), the updated rate will apply to lease agreements renewed during the current period.

After the expiration of the temporary rent cap previously imposed on residential leases, rent increases are once again calculated according to inflation indicators. The legally applicable rate is determined based on the average Consumer Price Index (CPI) over the last 12 months. Experts emphasize that the updated rate will have a noticeable impact, particularly in major cities where rental demand remains high. Both tenants and property owners are advised to strictly follow the legal framework when renewing lease agreements to avoid potential disputes.

In the real estate sector, this development is expected to contribute to a more balanced rental market. Investors and property owners are closely monitoring how the new rate will affect rental yields in the coming months.