Rent

The 25% cap on rent increases for residential properties ended on July 1, 2024. In the new period, rent increase rates are determined based on inflation figures according to the Consumer Price Index (CPI).

The monthly rent increase rates were 65.07% in July 2024, 65.93% in August 2024, 64.91% in September 2024, 63.47% in October 2024, and 62.02% in November 2024.

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Natural gas

Natural gas was provided free of charge to all residential consumers for one month before the May 2023 elections, and up to 25 cubic meters per month of consumption was not billed until the end of April 2024. With the completion of the May 2023 General Elections and the March 2024 Local Elections, natural gas also saw a price increase.

Thus, as of Aug. 1, 2024, the price of natural gas used in homes increased by 38%. As of August, the wholesale price of natural gas used in homes increased by 38%, and the price of natural gas used by free consumers with an annual natural gas consumption of 300,000 cubic meters or less, excluding electricity generation, increased by 33.1%.

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Electricity

Retail electricity prices increased by 38% for residential users, 30% for agricultural activities, 38% for the low-tier public and private service sector users, and 20% for the high-tier public and private service sector users. The new rates took effect on July 1, 2024.

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Bridges

In 2024, there were three increases in bridge and highway tolls. On Dec. 31, 2023, the one-way toll for cars on the 15 July Martyrs Bridge (Bosphorus Bridge) and Fatih Sultan Mehmet Bridge in Istanbul was 8.5 Turkish liras, which rose to 33 liras in one year, a 288% increase. The one-way toll for cars on the Yavuz Sultan Selim Bridge in Istanbul was 19 liras on Dec. 31, 2023, and increased to 70 liras in one year, a 268% increase.

The daytime toll for cars in the Eurasia Tunnel was 53 liras on Dec. 31, 2023, and rose to 156 liras in one year, a 194.3% increase. The one-way toll for cars on the Osmangazi Bridge was 184.5 liras on Dec. 31, 2023, and increased to 555 liras in one year, a 200.8% increase.

The one-way toll for cars on the 1915 Çanakkale Bridge was 205 liras on Dec. 31, 2023, and rose to 585 liras in one year, a 185.3% increase.

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