Rent increase cap / February 2024

February 2024 rent increase cap

54.72%

For home and workplace leases renewing in February 2024, the rent can rise by at most 54.72%. This is the January 2024 change in CPI by 12-month averages, published by TÜİK on 5 February 2024.

This month falls within the temporary 25% period: home rents could rise by at most 25.00%, workplace rents by 54.72%.

Awaiting comparison with the TÜİK bulletin

Data month: January 2024 inflation · Source: TÜİK

Calculate your new rent

Home
Maximum new rent
TRY 25
Increase: TRY 5 · 25.00%
Workplace
Maximum new rent
TRY 30.94
Increase: TRY 10.94 · 54.72%

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 February 2024 use the January 2024 12-month average CPI. Source: TÜİK.

For information only; not legal or financial advice.