Comment on rent increase from Mehmet Şimşek

Comment on rent increase from Mehmet Şimşek

Housing supply will increase to prevent price increases in rents. The evaluation came from the Minister of Treasury and Finance Mehmet Şimşek.

CHP Artvin Deputy Uğur Bayraktutan to the Minister of Treasury and Finance Mehmet Şimşek; He posed the question of how the housing needs of those who earn their living on minimum wage will be met because rents are high. Minister Şimşek gave a written response to the question posed by Bayraktutan with a parliamentary question.

Stating that the “real rent” index, which was 475.07 in November 2018, reached 1888.02 in November 2023, Şimşek stated that the increase rate in the 2018-2023 period was 297.42 percent.

Şimşek emphasized that the monthly rent increase rate, which was 9.52 percent in September 2023, decreased to 7.91 percent in October, 5.97 percent in November and 4.48 percent in December. In his response, Minister Şimşek said, “In the medium term, housing supply will be increased in order to combat inflation and prevent price increases in rents, new social housing projects will be developed to compensate for losses in the housing stock caused by earthquakes, and access to housing for low-income citizens will be increased.” he emphasized.

Minister Şimşek met with business people in Kocaeli


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