With Turkey’s official inflation data for June now out, the rent increase rate for July has been set. According to the 12-month average of the Consumer Price Index (CPI) released by TÜİK, rent hikes for both residential and commercial properties will be capped at 43.23 percent this July.
How This Affects Renters
For anyone renewing their lease or signing a new contract this month, this means the rent will increase by 43.23 percent based on their current payment. So if you’re paying 15,000 TL monthly, expect the new rent to jump to around 21,484 TL, which is an increase of 6,484 TL. And of course, the higher your current rent, the bigger the absolute increase will be — a 50,000 TL rent now would rise to roughly 71,614 TL.
A Quick Look at June’s Numbers
To put this in context, the rent increase rate last month was 45.8 percent, following a 35.41 percent annual inflation rate in May. So while July’s hike is slightly lower, it still represents a significant jump for many renters.
How Is the Rent Increase Rate Calculated?
The rent increase rate isn’t arbitrary — it’s legally regulated under Article 344 of the Turkish Code of Obligations. The law says that rent hikes can’t exceed the average annual inflation rate reported by TÜİK. This protects tenants from sudden, excessive rent demands. However, landlords and tenants can agree on a lower increase if they want.
For example, if your current rent is 15,000 TL and the CPI average is 43.23 percent, the calculation looks like this:
15,000 TL times 43.23 percent equals an increase of 6,484 TL, making the new rent 21,484 TL.
