In seven months, rent in Istanbul has increased by 200%

In seven months, rent in Istanbul has increased by 200%

In the largest Turkish metropolis, a 200% increase in the amount of rent was recorded for the period from January to July 2022. The recent innovation, which does not allow to bully the tariff when extending long-term contracts for the next year, has not yet managed to normalize the situation. 

 

But the tenants are especially upset by the fact that they have to pay a considerable amount of money on top every month. The amount of which in Istanbul in some places equaled the previous monthly rental fee as such. 

 

For example, 650,000 Turkish liras (TL) were collected in a large residential complex in Halkaly for a year as part of the payment of aidat. Which, according to the management company, went to landscaping: for example, 60,000 TL - for maintenance of golf cars, hundreds of thousands - for salaries of employees. A considerable amount was spent on such a service as informing residents about important news via SMS. 

 

Idat for apartment 1+1 with an area of 60 square meters from incomplete 300 TL first grew to 467 TL, and then to 897 TL. And that's in less than a year. 

For the maintenance of villas, you have to pay (in the format of an aidat) up to several thousand TL per month. 

 

Residents are outraged. We remind you that when residents do not agree with the size of the IDAT, their right is to organize a meeting of owners or tenants, how to review spending and discuss with the management company their optimization – possible reduction. It is not necessary to let this matter take its course: after all, if tenants cannot influence the amount of rent, if it is calculated according to all the rules, then they can completely influence the amount of aidat.

 

Earlier we reported that the Turkish authorities planned to restrain the growth of rents, but it did not quite work out. 

 

So far, the country is a clear leader in Europe in terms of the dynamics of this indicator. In Antalya Province alone, over the past 12 months, rents have increased by 329% at once.

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