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.tm prices to skyrocket next week

Already-expensive ccTLD .tm is set to see its prices rocket by hundreds of dollars next week, with an annual registration set to cost $1,000 or more.

.TM Domain Registry says a one-year registration or renewal will cost registrars $400, which can be reduced as far as $200 if they register more than 100 domains. Currently, the price is $80, according to tldpricechanges.com.

The recommended retail price will be $1,000, the registry says. The increases come into effect June 1.

The registry is also scrapping its practice of requiring all registrations to be for 10 years, adopting the industry standard of one to 10 years instead.

Today, the cheapest retail price I was able to find was $1,200 for a 10-year reg. After the increase, we could be looking at closer to $12,000 for the same service.

.tm is the ccTLD for Turkmenistan, but the registry has been run from the UK and owned by Paul Kane, the same person who ran .io before selling it to Identity Digital a few years back, since the 1990s.