December Rent Increase Rate Determined: How Much Will Rent Rise This Month?

The Turkish Statistical Institute (TÜİK) has released the inflation data for November, which also determines the rental increase rate for December 2024. The rental increase rate for December stands at 60.45%.

Inflation has decreased In November, inflation increased by 2.24% on a monthly basis, while the annual rate dropped to 47.09%. Based on 12-month averages, the inflation rate was recorded at 60.45%, which has been used to set the rental increase rate for December.

The rental increase rate for December 2024 will be 60.45%, derived from the 12-month CPI data. Landlords will be able to raise the rents by 60.45% for tenants whose contracts expire this month. The inflation data, released at the beginning of each month, remains a significant concern for tenants and landlords.

December 2024 rental increase rate: 60.45% With the inflation data announced by TÜİK in November, the rental increase rate for December 2024 has been established. According to the 12-month CPI data, the rental increase rate will be 60.45%. This rate will be considered during contract renewal periods for tenants and landlords.

The new rental increase rate will impose a significant burden on existing rental prices. For instance, if a tenant is currently paying 25,000 TL for their apartment, the new rent after a 60.45% increase in December will be 40,112 TL. This increase will create a substantial change in rental payments.

Rental increase calculation example You can find some calculations based on rental examples below.

Example: "My rent is 20,000 TL. How much will it be in December?"

Current rent: 20,000 TL December increase: 60.45% New rent: 32,090 TL (Increase: 12,090 TL)

If a 25% increase limit had continued to apply, the new rent would have been 25,000 TL.

Example: "My rent is 25,000 TL. How much will it be in December?"

Current rent: 25,000 TL December increase: 60.45% New rent: 40,112 TL (Increase: 15,112 TL)

If a 25% increase limit had continued to apply, the new rent would have been 31,250 TL.