Rent increase in Turkey is now limited by law

Earlier this week, Turkish Justice Minister Bekir Bozdag issued a statement in which the authorities decided to introduce a separate clause in the current law regulating rent increases.
On June 11, 2022, the Turkish official government gazette Resmi Gazete came out with temporary changes to the Debt Law, which will be in effect until July 1, 2023. According to the new decision of the Turkish government, an agreement to extend the rental price will be considered valid only if the increase in the fee does not exceed 25% (twenty-five percent) of the previous year’s rental price. Recall that earlier the maximum rent increase in Turkey could not be higher than the average consumer price index (Tüketici fiyat endeksi – TÜFE) over the past 12 months. For example, in May, with a TÜFE inflation rate of 73.5%, landlords had the right to raise their annual rent by 34.46%.