content tagged with rent prices

To address the soaring rent prices, the parliament introduced a rent increase cap of 25% in June 2022. The law aimed to protect tenants but inadvertently created disparities between long-standing tenants and new renters.

Airbnb has not only become a popular platform for tourists, but it has also provided a means for tenants in larger cities to supplement their income by subletting their rooms or entire homes.

Despite the cap, the rents doubled in the country on average. Eviction cases also soared, with property owners seeking new tenants to avoid the cap.

President Erdoğan had promised to solve the problem after the May elections.

Renting their rooms or entire apartments for short periods of time is profitable but psychologically demanding, tenants say.

Price controls and punishment of those who don’t comply with regulations were also on the table at the meeting of four ministries.

Flat sharing is becoming more popular among the working population as living costs in the city continue to increase.

After nearly two years of online education, universities will resume in-person classes. Having to move to the cities where their schools are, students face exorbitant housing prices.