Kagithane is one of the fast-developing and central areas of Istanbul. It is located in the center of the European side of Istanbul and only a few kilometers away from Maslak area. Kagithane is so unique area as it is considered to be a developing area and located in the heart of the Istanbul at the same time. These types of areas are so rare in Istanbul, the usual case is that developing areas are located in the suburbs.
Kagithane’s location is very important as it is only 7 kilometers away from Taksim, only 5 kilometers away from Levent, and 7 kilometers away from Maslak area. Kagithane is linked with its surrounding areas with advanced networks of highways, tunnels, and soon it will join the public transportation subway lines by several stations passing through Kagithane before reaching Istanbul’s new airport. Due to its central location, Kagithane is considered an old district where old residential and commercial properties can be found around this district. But many factors have helped to boost the development of Kagithane such as the fast development of its closest neighbor districts which is Maslak, the newly constructed tunnels which made transportation way easier from and to Kagithane, and finally the subway lines which are being constructed to link Kagithane with the subway lines which will reach Istanbul’s new airport.
Nowadays, massive modern properties can be found in Kagithane alongside hotels, hospitals, and shopping malls all around the district. The most interesting properties there are the residential and commercial newly constructed compounds. These compounds are considered to be the most valuable properties in this district. With their large green landscapes, modern lifestyle provided by the social facilities, and the 24/7 security inside these complexes they became the most desirable properties among local and foreign investors.
What is so important and essential about Kagithane is that it represents a reasonable alternative for those investors who would like to buy properties with reasonable prices located in the developing areas without being forced to go for the far suburbs. Such central developing areas are so limited in Istanbul and only a few alternatives only can be found around the city such as Sisli, Bomonti and Kagithane.
Several types of properties can be found in Kagithane they are mainly divided into two main types, old properties and newly constructed modern properties such as residential properties and commercial properties like offices and hotel apartments. It is always recommended to buy properties in the newly constructed compounds due to their huge advantages such as large green landscapes, modern lifestyle provided by the social facilities, and the 24/7 security inside these compounds. The privacy and unique atmosphere provided in these complexes can’t be found in the ordinary old properties.
Nowadays, many compounds are still under construction and available for sale in Kagithane, buying under properties under construction is very common in Istanbul as most of the properties are being sold off plan. This allows the investors to buy with the initial prices, also it allows them to go for installment plans instead of buying with one payment. Buying properties under construction means a risk-free investment for the investors especially when buying from a reputed and powerful developer.
The range of price per square meter in Kagithane is around 3.200 USD to 4.000 USD/m2.
This price range is very reasonable especially when we take into account that this area is central and fast developing as well. Buying in Kagithane is kind of a risk-free investment as all of the indicators are positive for this area such as property development and infrastructure development as well. Researchers are predicting that the prices in Kagithane will be soon similar to the prices of Maslak due to the fast development, the central location, and the high demand for this area. You can count on the bright future of Kagithane as an example that will be the
The price range offered in Kagithane is very unique in a way that average budget investors are now able to buy property in the city center in a developing area without being forced to go for the suburbs. Central properties have high value due to their fast value appreciation and high rental income as well. Additionally, they are considered as an open-end investment they can be used on a personal level in the future plus they can be rented easily or resold with a higher price shortly.
Kagithane is considered a very attractive area district to invest in due to its central location, remarkably fast developing and reasonable prices offered compared to Maslak and the surrounding areas. It is recommended to go for the newly constructed complexes due to their massive advantages and a bright future. Buying in Kagithane as a central district will not only provide you with good rental income but also with a massive value appreciation within a short period.
Buying an under-construction property can also be a very good alternative in Kagithane as it allows the inventors to gain high value within a short period of time. Additionally, buying under-construction properties would allow the buyers to go for installment plans instead of freezing a big capital at once.
It is always recommended to seek advisement from a trustable and local real estate advisers who are aware of the most important factors when recommending a certain property to buy. CCT investments is one of the leading companies in the real estate industry. We have years of experience in the Turkish real estate market. Our professional team will provide you with all the required information and legal advisement for your investment. Contact us now with your requirement and we will be more than happy to show you the most suitable alternatives for your preferences.
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