Maximum rent increase rate for December 2024 is 60.45%
The domestic producer price index (DPI) and consumer price index (CPI) inflation rates are announced in the first week of each month.
When the rates are announced, it becomes clear at what rate the rent increases will be made.
The statistical data published on December 3, 2024 and the CPI table, which determines the upper limit of rents to be renewed in December 2024, were also announced.
According to the statement by TURKSTAT, the CPI (Consumer Price Index Monthly) increased by 2.24% monthly in November.
The comparative increase table in the CPI, which accepts 2003 as the beginning in the calculation, was as follows;
1- 2.24% in November 2024 compared to the previous month
2- 47.09% compared to the same month of the previous year
3- 42.91% compared to December of the previous year (2023-December)
4- 60.45% increase compared to twelve-month averages
The increase in workplace and residential rents is calculated according to the twelve-month AVERAGE change in the CPI.
Accordingly, a maximum of 60.45% increase can be made to RENT in DECEMBER 2024.
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