Istanbul’s New Real Estate Oasis "Kagithane"
Kagithane has always been considered one of the most beautiful and calm areas of Istanbul, which is distinguished by its proximity to the Belgrade forests and distinctive view of them. Recently, Kagithane has become the destination for real estate investors wishing to invest in the latest areas of Istanbul near the financial and business centers in Maslak, Şişli , Besiktas and Levent.
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Kagithane, Istanbul's paradise through the ages
The foundation of Kagithane dates back to the Byzantine era, near the course of a river bearing the same name as the region. Kagithane attracted the attention of the Ottoman sultans, and the people of Istanbul throughout history celebrated a special spring day called Khodr Elias in the wide picnic areas, where people used to come by boats and with horses and carts to Kagithane.
Kagithane nowadays
Kagithane's star shone in the twenty-first century, especially with the increased construction of huge real estate projects, the strengthening of infrastructure, and the new transportation projects that have been established there.
Kagithane has a central location, so that it can be easily reached from all regions of Istanbul, which made it the focus of attention of major brands in the real estate sector, where the construction of residential and commercial towers began.
Urban development in Kagithane
Huge real estate projects started in Kagithane in the first decade of the twenty-first century and accelerated in the second decade. The opening of the famous Biala Pasha tunnel, the start of the metro line project, the valley reclamation project, in addition to its proximity to the central land roads attracted more attention to housing especially in Kagithane by employees, students and foreigners.
Real estate prices in Kagithane
With the rapid urban growth, real estate prices in Kagithane have increased significantly. As the price per square meter of ready apartments within modern residential complexes has jumped to prices ranging between 13,000 and 16,000 Turkish liras, while the price per square meter in under construction projects ranges between 9,000 to 13,000 Turkish liras, and data shows an increasing demand on (1 + 1 and 2 + 1) apartments by investors wishing to own property in Kagithane.
Escalation of Real estate sales prices in Kagithane
According to the data of the Turkish Statistical Institute, the percentage of sales in the real estate sector in Kagithane has significantly increased over the past few years, and Kagithane ranks high among the regions of Istanbul, in terms of increasing real estate prices and increasing demand for them.
Real estate experts expect that the search for apartments for sale in Kagithane will increase during the current year and the few coming years, especially in light of the law granting Turkish citizenship in return for a real estate investment of 400,000 US Dollars.
Education in Kagithane
There are many Turkish public and private schools in Kagithane, including all educational stages from kindergarten to high school. Moreover, there are also many Arab schools, such as: the Saudi School, the Libyan King Idris Al-Senussi School and the Sudanese-Turkish Friendship School, as well as foreign international schools in the vicinity Kagithane, such as: Istanbul International Schools in Uskudar, British International School in Besiktas, and MEF International Schools in Besiktas.
As for higher education, there are 16 universities in the Kagithane region and its surroundings, including Bilgi University, Gelesim University, Bahcesehir University, Istanbul Technical University, Nişantaşı University, Atlas Istanbul University and Gulf University.
Health services in Kagithane
There are many governmental and private hospitals in the Kagithane, including: State Hospital in Kagithane, Memorial Hospital, Derindere Hospital, and Okmeydanı Hospital, in addition to private clinics.
Shopping malls and economic life
There are 7 malls in and around Kagithane, including Access Istanbul Mall, Cevahir Mall and Istinye Mall. Moreover, Kagithane is famous for its modern commercial towers.
Transportation in Kagithane
The opening of the new metro line M7 extending from Mecidiyekoy to Mahmud Bey in late 2020 marked a major and awaited turning point in Kagithane. It is also expected that Istanbul Airport metro will pass from the same metro station, just at four stations distance from Istanbul Airport. Kagithane is also located close to the Tem and D-100 highways.
Tourist attractions and entertainment places in Kagithane
There are many tourist and entertainment places in Kagithane, including the Kamal Little Theater for Children, the Asadabad Palace Theater, the Has Bhath Park, the Amrahour Spring, Ahmed III Spring and the Minya Türk Park, in addition to the charming village of Kagithane.
Advantages of real estate investment in Kagithane
There are many advantages that motivate investors to invest in Kagithane, including its central location between the most vital areas of Istanbul, such as Sisli, Besiktas, Beyoglu and Eyüp, and its picturesque beauty, tranquility and clean air due to its height and proximity to the Belgrade forests.
All the previous factors, in addition to the quality of educational and health services, the presence of many international schools and universities, and the new metro line have prompted real estate companies to establish many mega projects in the Kagithane.
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