TÜİK inflation data to be announced: How much will the rent increase be?

As we enter 2025, one of the most important agenda items has been rent increase rates. TÜİK, which announces the previous month's inflation data at the beginning of each month, will share the December inflation figures in January.

These rates will directly affect rent increase rates, as they do in many sectors.

So, has the January rent increase rate been announced, and when will it be determined?

WHEN WILL THE JANUARY RENT INCREASE RATE BE ANNOUNCED?

In the first month of the new year, the rent increase rate is being closely watched by both landlords and tenants. TÜİK (Turkish Statistical Institute) announces the inflation data for the previous month at the beginning of each month.

In January, the inflation figures for December 2024 will be announced on Friday, January 3, 2025, at 10:00 AM. With this data, the January rent increase rate will also become clear.

HOW IS THE RENT INCREASE DETERMINED?

The 25 percent limit previously applied to rent increase rates has been lifted, and a system based on CPI rates has been reinstated.

Accordingly, the increase rate for residential rents is determined based on the 12-month average change rate of the CPI for the previous month. For commercial property rents, the increase rate may vary depending on the terms included in the lease agreement.

WHEN WILL LEASE AGREEMENTS BE UPDATED?

Once the January rent increase rate is announced, tenants and landlords will determine the new rent amounts.

These updates will be made based on the inflation rates to be announced on January 3, 2025, and lease agreements will be adjusted according to these rates.

The new system will directly affect rent increase rates in particular.