03.02.2025 12:55
According to the inflation data announced by the Turkish Statistical Institute (TÜİK), the maximum rent increase rate will be applied at 56.35% as of January. However, this increase has exceeded both the raise in the minimum wage and the increase rates for retirees and civil servants. As a result, the gap between salaries and rent prices has widened even further.
The Turkish Statistical Institute (TÜİK) announced the inflation rate for January and the annual inflation rate, which clarified the rent increase rate. Accordingly, the maximum rent increase rate for February will be applied at 56.35 percent. However, this increase has also exceeded the raise in the minimum wage, as well as the increase rates for retirees and civil servants.
THE GAP BETWEEN MINIMUM WAGE AND RENT PRICES IS WIDENING
In an environment where the minimum wage is 17,002 TL, if someone were to live in an apartment at the same price, the landlord could increase the rent by the maximum increase rate of 56.35 percent. With this rate of increase, the rent of 17,002 TL has risen to 22,104 TL.
WILL RENTS INCREASE BY 56.35 PERCENT?
There is a logic that is the exact opposite of the minimum wage in the maximum rent price. While the minimum wage represents the lowest net monthly salary that an employer can pay an employee, the annual maximum increase calculated according to the CPI represents the highest increase that can be applied to residential and commercial rents. In other words, for a property whose contract will be renewed as of February, a maximum increase of 56.35 percent can be applied. Therefore, an increase below this rate or keeping the rent fixed is also possible.
RENT INCREASE RATE IS ABOVE INFLATION
On the other hand, according to the figures announced by TÜİK, the annual inflation rate was 42.12 percent. However, the rent increase ceiling determined according to the 12-month average CPI was announced as 56.35 percent. Thus, the difference between the two figures was approximately 14 percent. This difference even surpassed the monthly inflation rate.
EXAMPLE RENT INCREASE
Current Rent Amount: 20,000 TL
Maximum Increase Rate: 56.35 percent
Monthly New Rent Amount: 31,270 TL
TAXES INCREASED BY 43.93 PERCENT
With the inflation figures for January, the revaluation rate determined for all taxes to be applied in 2025 has also been left behind. The revaluation rate of 43.93 percent represented an increase in all types of taxes and passport fees. Most of the minimum wage earners, civil servants, retirees, and private sector employees are complaining about not receiving a salary increase at this rate.