Property prices are rising in Kağıthane, one of the shining stars of Istanbul.
It is possible to find a property for 150 thousand liras in the old buildings in the region, as well as for 4 million dollars. On the other hand, the rental income in Kağıthane is rising by an average of 10 percent every year. Investors are generally preferring branded property projects in the region.
Kağıthane is neighboring mega projects
At the top of the factors which make Kağıthane advantageous is its location. The region is in close proximity to central business areas such as Levent, Maslak and Ayazağa. On the other hand, as the number of offices has also increased, there is a need for residential properties in the region in particular. The region is also neighbor to public projects such as the 3rd Bosphorus Bridge and the Great Istanbul Tunnel, which will be opened in the near future.
Property prices in Kağıthane are also expected to rise together with the metro lines to arrive.
Its value is rising every day
While investments such as the Dolmabahçe – Bomonti Tunnel, the metrobus line, and industrial metro increase the value of Kağıthane, they also ensure a more comfortable transport access. The Mahmutbey – Mecidiyeköy line will also ease the access routes to Kağıthane. Its location and the high prices in alternative areas are making Kağıthane appealing.
A shining star in the region
Kağıthane is positioned between regions such as Levent, Maslak, Şişli, Mecidiyeköy and Çağlayan, which are among the most important business and entertainment centers of the European side. And with metro facilities also set to be provided in 2017, the region has become one of the shining stars of Istanbul in every meaning.