Turkey’s official rent increase rate for July has been confirmed following the release of June inflation data by the Turkish Statistical Institute (TÜİK).
The latest figures determine the maximum rent increase that can be applied to both residential and commercial lease agreements renewed during July.
Latest Inflation Figures
According to TÜİK, the Consumer Price Index (CPI) increased by 0.99% in June compared with the previous month. Annual inflation was calculated at 32.11%.
Based on the 12-month average of the Consumer Price Index, the maximum rent increase rate for July has been set at 32.03%.
This means landlords renewing residential or commercial rental contracts during July can legally apply an increase of up to 32.03%.
Last month, the maximum rent increase rate stood at 32.24%.
How Turkey Calculates Rent Increases
Under Turkish regulations, rent increases for both residential properties and commercial workplaces are calculated using the 12-month average of the Consumer Price Index rather than the latest monthly inflation figure.
With the publication of June’s inflation data, the applicable rent increase rate for lease agreements renewed in July is officially 32.03%.
The monthly adjustment is closely monitored by property owners, tenants, and businesses across the country because it directly affects rental costs for newly renewed contracts.
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