With the announcement of June inflation data, the new rate of increase that landlords will apply to rents has also been announced. Accordingly, landlords will be able to increase the rent of tenants whose contracts will be renewed in July by 65.07%.
Last month, the rate of increase was 62.51%. Due to the exorbitant increases in rental fees, the '25% increase limit' application was put into effect in June 2022. However, as of July 1, this practice ended. In the following period, landlords will increase rental fees according to the 'CPI 12-month average' as before.
This development draws attention as an important change between tenants and landlords. High inflation rates and rent increases are likely to continue to have a significant impact on the housing market.
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