The ceiling rent increase rate has been set at 62.02%.

TUIK announced the inflation data for October. Accordingly, the ceiling increase rate for rents has become 62.02 percent.

The ceiling rate to be applied for rent increases is determined based on economic conditions and market movements. The latest data on this matter was the October inflation announced by TUIK.

According to the October data announced by TUIK today, the 12-month average increase in the Consumer Price Index (CPI) was realized at 62.02 percent. Therefore, the ceiling for rent increases in residential and commercial lease contracts that will be renewed this month will be 62.02 percent. Tenants and property owners will act according to this determined ceiling rate.

25% CEILING RATE ENDED IN JULY

Until July, a 25 percent ceiling on residential rent increases had been applied for two years. With the removal of this application, the ceiling rate has started to be calculated based on the 12-month average CPI as it was before.