Turkish authorities will lift the restriction on a 25 percent increase in apartment rental prices as of July 1 of this year and will no longer extend its validity. This was reported by RIA News Referring to Minister of Justice Yılmaz Tunca.
“The government has introduced a 25 percent cap on rent increases in order to prevent exorbitant rent increases and ensure balance between income and rent,” he said.
Tunj announced that the 25 percent ceiling increase rate, which was implemented after the sharp increase in rental prices in the last two years, will end on July 1. He emphasized that the decree will not be extended.
Before reportedIt was stated that the Ministry of Finance started calling apartment tenants to personal meetings to discuss rental housing conditions. The aim is to detect cases of tax evasion. The agency analyzed nearly 4.5 million apartments and clarified the list of rental properties. The tax office then sent letters to tenants asking them to attend a meeting.
Previously recognized About reducing rent prices in Georgia.