Real Estate in Turkey Kagithane in Istanbul The New Turkish Real Estate | Page 3

Urban Transformation in Kagithane
The urban transformation of Kagithane began in 2007 and accelerated in
the following years. The opening of the famous Bila Pasha tunnel, the start
of the metro line project, the reclamation of the valley in addition to the
area near the central roads, attracted the attention of the immigrant and
employees segment to Kagithane, which in turn led to an increase in real
estate projects in the area.
Real estate sales in Kagithane escalated
According to data from the Turkish Statistical Institute, sales in the real
estate sector have increased significantly in Kagithane, reaching 87
percent in the last three years.
The year 2013 saw an increase in property demand reaching 32%, while
2014 saw an increase of 11%. In 2015, it saw an increase of 24%. This
has increased remarkably in the last 3 years. The increase in the demand
for the property reached 87%! Kagithane is 17th among Istanbul districts,
at high levels of real estate prices and demand.