Will rental rates decrease? Experts shared their opinion. After all, in addition to the rise in housing prices in Turkey, rents also jumped, and its dynamics "beat" the dynamics of selling prices. The number of disputes between landlords and tenants has also sharply increased; tenants' demands for rent adjustment have intensified. As a result, in the summer of 2022, the amount of the annual increase during the prolongation of annual contracts was officially limited to 25%. The owners, who unreasonably overestimate tariffs, were threatened with prison.
However, just now a number of important campaigns have been launched at once to provide housing for preferential categories: «My First House», as well as an action to provide a loan at 0.69%.
So, experienced players in the housing sector believe, following the results of these actions, many tenants will become homeowners themselves. So, apartments and houses vacated by former tenants will increase the number of leased lots. Which, in turn, will affect the reduction of rents and an increase in the supply of housing. In other words, according to experts, rental rates will begin to decline, although gradually and slightly.
At the moment, the average rental rate in key cities of Turkey has become more than 10,000 Turkish lira.