Due to the travel ban, you can now own property from your home and get all the documents from your country, stay safe.

Increase in Rentals for January 2018

The Turkish Statistical Institute announced the increase in rentals for January 2018, based on specific economic indicators in Turkey...

2,554
2018-02-01 Last update 2020-04-03

Increase in Rentals for January 2018

The Turkish Statistical Institute announced the increase in rentals for January 2018, based on specific economic indicators in Turkey.

The increase in rental rates in Turkey is an accounting tool that is issued every month of the year. This increase is valid for one full year, from the month in which the ratio is issued to the same month of the following year, The same rate of increase applies to new leases that are organized during that month as well, so that the new rate will be effective from January 2018 until January 2019, for contracts organized during the month if they are new or extended.

Specific calculation factors were used to calculate the new rate of increase this month, based on inflation figures issued by the Turkish Statistical Institute, and in accordance with the Public Debt Law No. 344, based on the production price index and the consumer price index.

According to calculations made for this month according to the factors mentioned above, the increase rate is equal to 15.82%, added to the rental allowance.

The following is a simple way to calculate the proportion of the increase in monthly rentals:

Let's assume that the rental fee for the property is equal to 1250 Turkish lira.

The increase after the addition of 15.82 percent will be about 198 Turkish liras.

Thus, the final amount of the rental allowance will be 1448 Turkish lira.

Source: Emlak kolaysionu

More from Imtilak
Apartment Sales in Turkey 2020 | Strong Start and Confident Steps

Sales of apartments in Turkey have witnessed a qualitative leap in recent years and achieved unprecedented numbers, due...

2020-02-24
731
In exchange for buying a real estate, number of people who obtain Turkish citizenship increases

Obtaining Turkish citizenship in exchange for buying real estate is the perfect solution for foreign investors, especial...

2020-01-14
1,178
Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them