Real EstateTurkiye

Deadline Approaches: Will the 25% Rent Increase Limit Continue Beyond July 1?

With the looming expiration of the 25% housing rent increase cap, questions arise regarding the future of rent adjustments. Minister of Treasury and Finance, Mehmet Şimşek, hints at potential changes while addressing economic concerns.

Ministerial Insight: During a program on TRTHaber, Minister Şimşek expressed skepticism about extending the 25% rent increase limit, suggesting its likely discontinuation. He emphasized minimal government intervention in loan pricing.

Key Dates: The rent increase limit, implemented in June 2022, was extended for another year in June 2023. Without further extension, the cap will expire on July 1, 2024.

Future Adjustment Methods: In the absence of the 25% limit, rent increases will likely be tied to inflation rates published monthly by TUIK, as per standard practice.

As stakeholders await regulatory decisions, the impending deadline adds uncertainty to rental market dynamics. Stay tuned for updates on rent regulations and their implications for landlords and tenants alike.

Source: NTV / Prepared by Irem Yildiz

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