The rate of rent increases is posing a challenge for new tenants. Those who rented homes when prices were high a year ago are now facing a high increase rate as well. Some tenants are paying amounts that exceed the fair market values. The rent increase rate is making it difficult for new tenants. The 25% cap on rent increases that has been in place for 2 years was lifted in July. The annual increase rate is now linked to the 12-month inflation rate as before. This figure reached 63.47% in September. According to real estate experts, new tenants have been negatively impacted by this situation. Experts warned that landlords should question whether the tenant can actually afford to pay the rent before implementing the 64% increase. Tenants who rented homes at fair prices a year ago are now facing high rent hikes. A house rented for 30,000 lira increased to 50,000 lira with the 12-month CPI increase. Most house rents have exceeded the fair market value in their region. According to experts, rent increases should be determined based on market conditions. Landlords should consider the possibility of finding a new tenant at the same price when the current tenant leaves. The Central Bank also highlighted rent inflation in its monthly price developments report. The report included statements such as “Strong performance is maintained due to the high renewal rate of contracts.”