How Much Will Rental Fees Increase in May,2016?

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Possible rental fee increase for May,2016 has been announced for those who has signed their tenancy contracts in May 2015. Rent increase rate is calculated based on the twelve-month average of Domestic Producer Price Index broadcasted by TUIK (Turkish Statistical Institute) according to the New Code of Obligations. Under this circumstance, householders can not raise the rent above this specific rate.

Based on the information of TUIK for April 2016, PPI has showed increase by 5,47 % according to the twelve-month average. Householders can not raise the rental fee more than the rate of 5,47 %.

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