Experts predict a sharp increase in property rental prices in Turkey in the near future

This is due to the fact that the government-imposed cap on rent increases is about to expire in the country. Many landlords in Turkey are currently withdrawing their vacant properties from the market, anticipating that after the expiration of the cap, they will be able to significantly increase the rental cost. The government introduced the rent ceiling in response to the vehement discontent of tenants over excessively high housing prices.

According to realtors, rental prices in some provinces could rise by 70% as early as after July 2023. This is due to the fact that a large number of people have moved from earthquake-affected regions to other cities, resulting in increased demand for housing.

Alpay Hacıoğlu, president of the Association of Real Estate Brokers in the northwestern industrial province of Kocaeli, notes that the demand for rental houses is huge. He also says that 18,000 to 19,000 students, in addition to newly appointed civil servants and people from other regions, come to the city every year.

In Izmir province, the number of court cases related to landlord-tenant disputes has more than doubled.