Home > Economy News > We have outpaced Europe by 40 times in rent increases: Rents have risen by 694 percent in nine years

We have outpaced Europe by 40 times in rent increases: Rents have risen by 694 percent in nine years

Academic İnan Mutlu announced that while the average rent increase in EU countries over the last 9 years was only 16 percent, it reached 694 percent in Turkey.

12punto

According to data compiled by academic İnan Mutlu from Eurostat; while the rent increase in Turkey over the last nine years was 694 percent, this figure remained at only 16 percent in Europe.

Mutlu used the following expressions in his post on X:

"From May 2015 to May 2024, the average residential rent increase in EU countries was only 16 percent. In our country, the residential rent increase for the same period is 694 percent. In Hungary, the country closest to us, it is 86 percent. In the Netherlands, which we protested yesterday by stabbing oranges, it is only 21 percent...

Here is that graph...