It was learned that a meeting took place between Minister Mehmet Şimşek and the business world. According to sources familiar with the issue, Minister of Treasury and Finance Mehmet Şimşek made important statements, including the application of an increase limit for house rents, which created great controversy.
Minister of Treasury and Finance Mehmet SimsekIt was learned that he recently met with some representatives from the business and finance world and made statements regarding the agenda at this meeting. The information obtained from sources familiar with the subject will protect us in the coming periods. what’s you are waiting for reveals.
The statements made by Mehmet Şimşek actually concern all of us in terms of subject headings. Mostly, statements about future pricing and forecasts, fixed income citizens It doesn’t seem very good for you. On the other hand, there are also annoying developments for tenants. Let’s take a closer look at the information obtained from that meeting.
25% rent increase limit application ends
According to the information shared by Sözcü’s Nedim Türkmen, Mehmet Şimşek stated that the 25% rent increase limit July 1, 2024 He stated that it will end as of this date and will not be extended again. Mehmet Şimşek believes that this regulation will not be needed.
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What will rent determinations be like with the removal of the 25% limit?
With the expiration of the relevant regulation, rent increase rates will be determined as they have been done so far. So how will this process happen? The issue that will come into play here is again the consumer price index (CPI) ratio will be. Let’s say you pay 10 thousand TL in rent and the CPI for the last 12 months is 50%. The increase that the landlord can make, at most 50% will be.
Pricing will be based on expected inflation.
One of the issues that Mehmet Şimşek touched upon most in the meeting was about pricing and expectations. Mehmet Şimşek, pricing and future expectations are not based on actual inflation, according to expected rates He said it would be done. This is important because the minimum wage increase, in particular, can be made according to expected inflation. But what happens if there is a significant difference between expected inflation and actual inflation?
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Mehmet Şimşek, in his meeting with the business world, stated that inflation, As of the second half of 2024 He said he would fall. In addition, Minister Şimşek does not seem to favor the application of installments for credit cards. According to Şimşek, he is in a country other than Turkey. Installments are not made by credit card. Meanwhile; Stating that public borrowing will be done in TL, Mehmet Şimşek stated that the exchange rate protected deposit system will definitely be terminated.