Authority announces official rent increase rate. Here is the rent increase rate in May

The rate of rent increase for May was announced with the release of inflation figures. The rental growth rate, which was determined based on the twelve-month average of the CPI, was 34.46 percent for the month of May.

With the announcement of inflation figures, the rental growth rates for May were announced. The rental growth rate, which was determined based on the twelve-month average of the Consumer Price Index (CPI), was 34.46 percent for the month of April.

HOW IS THE RENT INCREASE RATE CALCULATED?

Within the scope of the New Economy Package, rent hikes are no longer determined according to the producer price index rates, but the upper limit on the rent increase rate is determined according to the consumer price index (CPI) rates. However, this announced figure is the highest ceiling hike rate that can be applied by the landlord.