Rent increase cap / April 2023

April 2023 rent increase cap

70.20%

For home and workplace leases renewing in April 2023, the rent can rise by at most 70.20%. This is the March 2023 change in CPI by 12-month averages, published by TÜİK on 3 April 2023.

This month falls within the temporary 25% period: home rents could rise by at most 25.00%, workplace rents by 70.20%.

Awaiting comparison with the TÜİK bulletin

Data month: March 2023 inflation · Source: TÜİK

Calculate your new rent

Current monthly rent

Lease renewal month

Home

Maximum new rent

TRY 25

Increase: TRY 5 · 25.00%

Workplace

Maximum new rent

TRY 34.04

Increase: TRY 14.04 · 70.20%

In this period (renewals June 2022 – July 2024) a temporary law capped home rent increases at 25%. Workplace rents followed the 12-month average CPI.

Renewals in April 2023 use the March 2023 12-month average CPI. Source: TÜİK.

For information only; not legal or financial advice.