Landlords and tenants beware! Here is the new raise rate 2021 rental hike rate has been announced! Here is the 2021 rent increase ...
Last minute: The 2021 rental increase rate became clear with the announcement of December inflation data. While the inflation rate was 14.60, according to TURKSTAT's figures, the CPI increased by 1.25 percent in December 2021 compared to the previous month. So, how long was the 2021 rental hike? Here is the 2021 rent increase ...
DECEMBER INFLATION ANNOUNCED
TURKSTAT shared December inflation figures. According to this; In December 2021, the CPI increased by 1.25 percent compared to the previous month, 14.60 percent compared to December of the previous year, 14.60 percent compared to the same month of the previous year and 12.28 percent on the averages of twelve months.
HOW WAS THE 2021 RENTAL TIME?
With the determination of the CPI, 'How much will the rental increase in 2021 be?' question also found an answer. According to this; Considering the 12-month averages as of December, consumer prices (CPI) increased by 12.28 percent.
With this figure, the highest raise rate for tenants who will make or renew lease contracts in January will be the highest 12.28 percent.
HOW TO CALCULATE THE RENTAL TIME?
To calculate the rent increase will be based on Turkey Statistics inflation rates announced by the Authority. Together with these rates, the WPI CPI rent hike is also determined. The maximum rate of increase to be made by the owners of workplaces and residences is announced by taking the average of twelve months.
To explain with an example, the raise rate that landlords can make to their tenants at the beginning of 2020 was announced as 18. Accordingly, for a person who pays 1000 TL rent, the new rent amount is 1151.8 TL. This value rises to 2303,6 TL for those who pay 2000 TL rent and to 5759 TL for those who pay 5000 TL.