Turkey's earthquake victims hit by exorbitant rent spikes, topping 60%
Turkey’s Justice Ministry is working on a draft amendment that would introduce jail terms of two to five years for landlords gouging prices in times of natural disasters.
ANKARA — An exodus from Turkey’s quake-ravaged southeastern provinces has sent rent prices soaring in regions where hundreds of thousands of quake victims now seek new homes, prompting Ankara to draw up a bill introducing jail terms for gouging landlords.
The price surge comes atop an already acute housing crisis in Turkey, where overall rents increased nearly 173% last year, according to a study by BETAM, an Istanbul-based think-tank.
