Real Estate, Turkey updates

Recent amendment to rent increase threshold
  • Turkey
  • 08 February 2019

Turkey recently amended Article 344 of the Code of Obligations, which regulates the upper limit of rent increases for residences and workplaces with a roof that can be agreed on by parties to a rental agreement or determined by the courts. The upper limit will now be calculated based on the consumer price index rather than the producer price index as before.

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