At the start of January 2025, the Turkish Statistical Institute (TÜİK) announced the annual rental increase rate, calculated based on the annual inflation average (TÜFE) for December 2024, which was set at 58.51%.
This rate represents the maximum allowable increase for new or renewed rental agreements, impacting both tenants and property owners in Turkey. For investors, it highlights the importance of carefully evaluating rental yields, while for tenants, it translates to higher living costs.
If you’re considering real estate investment in Turkey, understanding these economic changes is a crucial step toward making the right investment decisions.
Source: Türkiye Now
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