Rent increase cap / August 2023

August 2023 rent increase cap

57.45%

For home and workplace leases renewing in August 2023, the rent can rise by at most 57.45%. This is the July 2023 change in CPI by 12-month averages, published by TÜİK on 3 August 2023.

This month falls within the temporary 25% period: home rents could rise by at most 25.00%, workplace rents by 57.45%.

Awaiting comparison with the TÜİK bulletin

Data month: July 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 31.49

Increase: TRY 11.49 · 57.45%

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 August 2023 use the July 2023 12-month average CPI. Source: TÜİK.

For information only; not legal or financial advice.