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Rent Increase in March

Turkey Statistical Institute (TSI), according to data as of February, 12.81 percent increase in consumer prices was realized according to the averages of twelve months. Accordingly, the landlords legally maximum will be able to raise 12.81 percent. The legal rent increase rate is calculated by taking the average of the 12-month CPI announced for the month following the date of the lease agreement.

The 12-month CPI average rate of rent increase in March 2021 announced by TURKSTAT was calculated as 12.81%. The highly anticipated inflation figures continued to rise.

The House Price Index (KFE) increased 1.7% monthly and 30.3% year-on-year in December. Housing price increased by 13.7% in real terms. The reports for the first month of the year were published in January 2021. According to statistics, in January 2021 Turkey 173 thousand 143 real estate sartış occurred. According to the data of the General Directorate of Land Registry and Cadastre, 70 thousand 587 houses, 49 thousand 578 fields, 31 thousand 813 lands, 8 thousand 64 workplaces, 13 thousand 101 real estate in other categories were sold in January 2021.

You can consult Realty World ABC Real Estate Consultants to make informed decisions with accurate data in the real estate sector.

MARCH RENTAL INCREASE RATE 2021 CALCULATION;

Housing Rent: 1000 TL

TURKSTAT WPI CPI March 2021 Rent Increase Rate: 12.81%

Rent Increase Amount for March: 128,10 TL

Increase in March 2021 Rent Increase Rate: 1.128,10 TL

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