The month of November saw a qualitative leap in rental allowances in apartments, with the increase to 14.47% for apartments according to the Turkish Statistics Institution.

1. Rental Rates for November 2017
The month of Novembersawaqualitative leapinrental allowancesinapartments,withthe
increase to14.47% for apartmentsaccordingto the TurkishStatisticsInstitution.
It isknownthat the rate inrent allowancesisapercentage calculatedineachmonthof the year
inorder to determinethe increase of rentalsforthatmonth,andthisisappliedforlease
contracts to be organizedduringthismonthforthe firsttime, orthose that are renewedduring
thismonth.
As forthe shops,the rental rateswill be increasedaccordingtothe percentage agreeduponin
the contract. In the absence of such an itemwithinthe contract,14.47% will be appliedis
calculatedaccordingtothe producerprice index and10.37% If the calculationisbasedonthe
CPI.
The followingisasimple calculationtocalculate the proportionof the increase oncontracts
organizedorextendedwithinthe monthof Novemberof 2017. For example,thereisan
apartmentrentedfor1000 Turkishliraspermonth,itwill be calculatedasfollows:
The current amountof rentbefore the increase:1000 Turkishlira
Increase rate:14.47
Additionpercentage:TRY144.7
The final amountof the rentrequiredafterthe increase:1144.7 Turkishlira
The month of Novembersawaqualitative leapinrental allowancesinapartments,withthe
increase to14.47% for apartmentsaccordingto the TurkishStatisticsInstitution.
It isknownthat the rate inrent allowancesisapercentage calculatedineachmonthof the year
inorder to determinethe increase of rentalsforthatmonth,andthisisappliedforlease

2. contracts to be organizedduringthismonthforthe firsttime,orthose that are renewedduring
thismonth.
As forthe shops,the rental rateswill be increasedaccordingtothe percentage agreeduponin
the contract. In the absence of such an itemwithinthe contract,14.47% will be appliedis
calculatedaccordingtothe producerprice index and10.37% If the calculationisbasedonthe
CPI.
The followingisasimple calculationtocalculate the proportionof the increase oncontracts
organizedorextendedwithinthe monthof Novemberof 2017. For example,thereisan
apartmentrentedfor1000 Turkishliraspermonth,itwill be calculatedasfollows:
The current amountof rentbefore the increase:1000 Turkishlira
Increase rate:14.47
Additionpercentage:TRY144.7
The final amountof the rentrequiredafterthe increase:1144.7 Turkishlira