TÜİK announces March inflation data: What is the rent increase for April?
TÜİK has announced the inflation data for March 2025, and the rent increase rate for April has been determined. With the inflation rate for March coming in high, the rent increase rate to be applied in April 2025 has been set at 51.26 percent. This rate marks a significant development for both landlords and tenants.
The change in the CPI in March 2025 was an increase of 2.46 percent compared to the previous month, an increase of 10.06 percent compared to December of the previous year, an increase of 38.10 percent compared to the same month of the previous year, and an increase of 51.26 percent based on twelve-month averages.
HOW MUCH IS THE APRIL RENT INCREASE RATE?
Under normal circumstances, rent increase rates calculated according to CPI data had been capped at 25 percent for the last 2 years following a practice introduced by the government.
As of July 2024, this cap was lifted, and tenants renewing their contracts in April began applying rent hikes based on current CPI data. With TÜİK's March inflation data, the current 12-month CPI figures have been determined.
Accordingly, the April rent increase rate will be applied at 51.26 percent following the announcement of the 12-month CPI figure as 51.26 percent.
APRIL RENT INCREASE RATE CALCULATION
Current Rent Amount: 28 thousand TL
Month of Rent Increase: April 2025
Increase Rate Entered: 51.26 percent
Rent Increase Amount: 14 thousand 353 TL
New Monthly Rent Amount: 42 thousand 353 TL
IF THE RENT HIKE HAD BEEN CALCULATED ACCORDING TO THE 25 PERCENT CAP
Current Rent Amount: 28 thousand TL
Month of Rent Increase: April 2025
Increase Rate Entered: 25 percent
Rent Increase Amount: 7 thousand TL
New Monthly Rent Amount: 35 thousand TL
News Source : 12punto
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