How Much Will the Rents Increase in January 2017?

The inflation for the last period of 2016 has been declared by TUIK. According to this declaration the rent increase in January 2017 has been acquired.

 

inflation-rate-tuik

 

How the Rent Increase Has Been Calculated?

 

The rent increase has been stated in the New Turkish Code of Obligations as, the increase cannot surpass the previous year’s producer price index (ppi). How the ppi is calculated has not been explained but, there are supreme court declarations about the topic. The court says, `the increase rate must be decided according to previous year’s 12 months’ average of producer price index. ` Domestic price index in 2016 December, has been increased compared to the previous month’s rate and has been increased 9,94 % compared to the previous year’s same month. The average rate of 12 months is 4,30%.

 

What is The New Year’s Increase Rate?

 

Contract Renewal Date Rent IncreaseRate
January 2016 Kira Rent Increase % 5.28
Februay 2016 Kira Rent Increase % 5.50
March 2016 Kira Rent Increase % 5.61
April 2016 Kira Rent Increase % 5.47
May 2016 Kira Rent Increase % 5.19
June 2016 Kira Rent Increase % 4.97
July 2016 Kira Rent Increase % 4.77
August 2016 Kira Rent Increase % 4.91
September 2016 Kira Rent Increase % 4.07
October 2016 Kira Rent Increase % 4.51
November 2016 Kira Rent Increase % 4.07
December 2016 Kira Rent Increase % 3.93

 

 

Contract Renewal Date Rent Increase Rate
January 2017 Rent Increase % 4.30

 

Recent Posts

Recent Comments

    yasemin Written by:

    Yasemin Kılıç yaseminkilic@istanbulinvestments.com

    Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *