By. Justin Mays
Kagithane is experiencing an extraordinary phase of urban renewal that is completely transforming this central neighborhood. Adjacent to the central districts Beyoglu, Maslak, Eyup, and Sisli, this European-side neighborhood has a population of about half a million spread out over a 23-square-kilometer area. Reflective of its industrial past, its name means “the paper factory”. In its immediate post-industrial phase, it became home to many inner Anatolian migrants. Now Kagithane, as a result of urban regeneration, would be nearly unrecognizable from its appearance of a mere twenty years ago. With its new high-quality developments and excellent local transport networks plus its proximity to the new Istanbul airport and easy access to the highways, it is now attracting families, investors and young urbanites.
Real estate developments here include many mixed-use properties with shopping malls, hotels, office and/or residential projects spread in and around the main neighborhoods of Seyrantepe, Hamidiye, Mehmet Akif, Telsizler, Nurtepe, Ça?layan, the Merkez (Center) and Gültepe. Turkish real estate for sale here is well priced and sought after by local and foreign buyers with a wide range of lifestyle preferences. Prices per square meter are competitive and renovated buildings sit beside state-of-the-art modern architecture projects. New-build projects have onsite communal features like gyms, swimming pools and playgrounds and have a larger than average size compared to other flats for sale Istanbul making it a good destination for families. Some of the best shopping in the entire city can be found here at the popular Vadi Istanbul, a destination in itself. Adjacent to Kagithane, luxury Kanyon and popular Cevahir shopping centers are close by. Quality medical services are easily accessible here as are many universities and international and private schools.
Kagithane is very popular with people interested in buying investment property in Istanbul as a developing, cheaper alternative to the main city center. Those looking to capitalize on this investment opportunity better act fast, Kagithane is attracting buyers quicker than they can build and centrally located attractively priced properties won’t stay on the market long!
