Turkey ranked first among 38 countries in terms of rent increases.

Turkey, which is struggling with the economic crisis, has left many countries behind in terms of rent increases.

The abolition of the 25 percent cap on rent increases has increased tensions between landlords and tenants.

Among OECD member countries, Turkey is now at the top when it comes to rent increases.

According to the OECD, the housing rental price index in Türkiye is 663.

Latest data on annual changes in the housing rental price index for OECD countries have been published.

According to the report, Turkey recorded the highest increase in this index.

This is followed by Hungary with a score of 181 and Lithuania with 172 points.

Japan, on the other hand, is at the bottom end with a value of 100.

Rent increase rate reaches 66%

Meanwhile, the Turkish statistics institute TurkStat recently published inflation figures for July.

TurkStat reported that the consumer price index (CPI) rose by 3.23 percent in July compared to the previous month, with annual inflation falling to 61.78 percent.

The average inflation rate over the last 12 months, which sets the upper limit for rent increases, was reported at 65.93%.