The rent increase rate that landlords and tenants have been curious about has been announced.

The Turkish Statistical Institute (TÜİK) announced the inflation figures for December. According to TÜİK data, inflation increased by 1.03% in December 2024 on a monthly basis. The year-end inflation rate was recorded at 44.38. The six-month inflation was calculated at 15.75%.

RENT INCREASE RATE HAS BEEN ANNOUNCED

With the removal of the 25% cap on residential rent increases and the announcement of December's inflation, the rent increase rate for residential and commercial properties has also been determined. The increase rate was recorded at 58.51%.

NEW ERA IN RENTAL PROPERTY ADVERTISEMENTS

As of January 1, 2025, a verification requirement has been introduced for rental property advertisements published on listing platforms.

UNAUTHORIZED PUBLISHERS WILL NOT BE ABLE TO PUBLISH

Thanks to the Electronic Advertisement Verification System (EİDS), advertisements can now only be published after the property ownership verification is completed. It has been announced that existing advertisements will not be able to be republished without verification once their duration expires.

WHAT IS EİDS?

The Electronic Advertisement Verification System was developed by the Ministry of Commerce to increase the reliability of real estate advertisements. The system ensures that property ownership and authorization checks are automatically carried out on listing platforms.