Constitutional Court to deliberate rent rates Wednesday...
In its ruling, the Bilecik court called for the overturning of a law allowing a 25% rent increase for 2000 and an additional rise of 10% for 2001, contending that it conflicted with the freedom to draw up contracts.
Meanwhile, according to Healey & Baker, which conducts international surverys, rents in Turkey, of residences and businesses, are the fastest increasing in the world.
While New York has the highest business rents of any city, says Healy & Baker, business rents in the Turkish capital Ankara increase at the fastest clip.
Rents of Ankara businesses, according to H&B, have increased 125% over the last year, followed closely by İzmir, which has seen a 100% rise. These rates contrast with the world average of 3.2%.
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