Real Estate

The rent increase rate has been determined for December 2021: How is the rent increase rate calculated?

With the announcement of November inflation data by TUIK, the rent increase rate for December 2021 has also been determined. With the statement made by TUIK, inflation data determines many rates such as rent increase and pension increase. Here is the rental increase calculation after the highly anticipated November inflation rate…

Inflation figures for November were announced. At the same time, the rate of increase in rent was also determined. Accordingly, the rent hike, which was determined based on the twelve-month average of inflation figures, was 17.71% for December. So, how is the rent increase rate calculated?

After the Turkish Statistical Institute (TUIK) announced the inflation figures, the rent increase rate for December was also announced. The rent increase rate, which was determined based on the twelve-month average of inflation (CPI) figures, was 17.71% for December.

With the November inflation rate determined, the December rental increase rate is calculated as follows:

DECEMBER 2021 RENTAL INCREASE CALCULATION

  • Example Housing Rent: ₺1.000
  • Rent Increase Rate: 17.71%
  • December Rent Increase Amount: ₺177.1
  • Raised Rent Amount Including December Rent Increase Rate: ₺1,177.1

According to the figures announced, the rent increase to be paid by a tenant whose rent is ₺1000 in December was calculated as ₺177.1. Accordingly, the increased rent amount will be ₺1,177.1.

In November 2021, the inflation rate increased by 3.51% compared to the previous month, increased by 19.82% compared to December of the previous year, increased by 21.31% compared to the same month of the previous year and by 17.71% on the averages of twelve months.

Source: Sabah / Translated by Irem Yildiz

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