The rent increase rate for December 2024 has been announced: 60.45%

The long-awaited rent increase rate for both residential and commercial tenants has been revealed. Based on the Consumer Price Index (CPI), this rate has been set at 60.45%. Rent amounts will be updated accordingly in rental agreements between tenants and landlords.

The rent increase rate is calculated every month based on the inflation data released by the Turkish Statistical Institute (TUIK). The 60.45% increase for December will significantly impact rental costs, especially in major cities. This rate applies to both residential and commercial properties, and it will be implemented for tenants whose lease agreements are due for renewal.

While property owners will adjust their rents according to this new rate, tenants will need to review their budgets. The high inflation rates throughout 2024 have been reflected in the rent increases.