Has the February 2022 rent increase rate data announced, which will continue to upset the tenants and delight the landlords? What was the rate of rent increase for residences and workplaces in February? Have the rent increase rate figures been announced? Tenants and residents pay attention to this news! Anyone who makes their lease in February will be able to determine their rent for 12 months with these increased figures. Changes in the management of TurkStat, one of the institutions that have been discussed frequently in the last months, were made in the days we left behind. Now, the eyes are more carefully on the January inflation, which will be announced by Turkstat.
New figures are eagerly awaited for the tension of lease contracts between millions of landlords and tenants. Landlords will write to their tenants the increased rent increases they will make in February for the owners of the workplaces. Millions are waiting for this and started to wait for the January inflation figure to be announced by TUIK.
As is the case every month, the first rent increase rate of the year for January 2022 was determined by the inflation figures just announced. TURKSTAT announced January 2022 inflation figures. Accordingly, it has been determined how much the rent will be increased in February. With the announcement of January inflation figures, the highly anticipated January 2022 rent increase rate was officially announced.
Data for the first January of the year have emerged as millions of homeowners and tenants continue to debate how much to increase their rent in February. TURKSTAT announced the CPI – PPI figures for January 2022. Thus, the increased rate of increase to be applied to rents for 12 months has been determined.
A RECORD RENT INCREASE RATE IN JANUARY
In January we left behind, the highest figures of 2021 came with an increase of 19.60% compared to the inflation figures of the previous December. In January, landlords and tenants wrote a 19.6% increase in their rental contracts. Now it’s time for the number to be written on the lease contracts in February.
HOW TO CALCULATE THE RENT INCREASE RATE?
February 3, 2022, the critical day for landlords and tenants, has begun. The data to be processed in the lease contracts until the end of February has been determined. Millions of tenants and owners across Turkey will be able to add the figures announced by TUIK this morning to the contracts. On the third business day of each month, TURKSTAT will start to write down the rent increase rate calculation, with the announcement of the previous month’s inflation figures. December 2021 inflation was announced this morning. Thus, the data, which is the twelve-month average figure written on the contracts as CPI, is added to the lease contracts. Landlords and tenants, who will renew their lease in January 2022, will be able to write the rental increase rates determined today for 12 months (one year) until the end of January 2023.
HOW MANY RENTAL INCREASES WILL BE MADE IN FEBRUARY?
The official figures announced by TURKSTAT, which we have stated below, will start to be written on the rental contracts, which will be valid as of today, in the rental contracts of workplaces and residences (Dwellings).
Consumer price index (CPI) increased by 48.69% annually and 11.10% monthly
CPI (2003=100) increased by 11.10% in January 2022 compared to the previous month. There was an increase of 11.10% compared to December of the previous year, 48.69% compared to the same month of the previous year and 22.58% compared to the averages of twelve months.
Source: Emlakpencerem / Translated by Irem Yildiz