January 2025 Rent Increase Rate Announced

January 2025 Rent Increase Rate Announced: Important Information for Landlords and Tenants
As CEESS Global, we closely follow the developments in the real estate sector and share them with our valuable followers. The January 2025 rent increase rate became clear with the December 2024 Consumer Price Index (CPI) data announced by the Turkish Statistical Institute (TÜİK). Here are all the details:

What is the January 2025 Rent Increase Rate?
According to the data announced by TURKSTAT, the 12-month average CPI rate of change in January 2025 was 58.51 percent. This rate is set as the upper limit for the rent increase rate. The rent increase rate, which was 62.02 percent in October, decreased to 60.45 percent in November and fell below 60 percent in January for the first time in 8 months.

January Sample Rent Calculation
Here is an example of how you can calculate the rent increase rates:

Old rent amount: 10.000 TL
Increase rate: 58.51
Amount of increase 5.851 TL
New rent amount: 15.851 TL
How is the Rent Increase Rate Determined?
The rent increase in residential rents is determined according to the 12-month average rate of change of the CPI. Landlords may raise the rent or apply a lower rate, provided that it does not exceed this rate. In workplace rents, the increase rate is usually calculated based on the index specified in the lease agreement.

What Should Landlords and Tenants Pay Attention to?
Landlords have to increase the rent within these limits. Tenants, on the other hand, should make sure that the increase does not exceed the CPI 12-month average. It is important for the parties who encounter a contrary situation to consider their legal rights.

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