Housing Rent Increase Limitation will be lifted in July.

The legal obligation to limit the house price increase to 25%, which came into force in 2022, will be lifted as of July 2024. 
Rental increases can now be made legally at the current inflation rate for rental properties that have not expired for 5 years. 
However, if the property owner and the tenant agree, the rent increase rate may be below or above the inflation rate.
Türkiye is among the top four countries with the highest tenant ratio in the list of European countries.
The home ownership rate in Turkey dropped to 55%. Meanwhile, the need for rental housing increased to 27%.
Due to the problems between the tenant and the property owner, the demand for real estate purchases in the country has dropped noticeably. 
Foreign real estate investment, which was 790 million dollars in 2022, reached 2 billion 86 million dollars in 2023. 
Similar data for 2024 is expected to exceed 3 billion dollars.
The demand for rental housing is expected to increase in the coming period due to the problems in housing supply.