- Jul 7, 2017
- Reading time: 3 minutes
Last five years of compound value increase in housing projects in Kağıthane 87%
Kağıthane is a region that has an increasing appeal in the recent period, where many office and residence projects are located. In the past years, the Kağıthane, which used as a place for the public promenade, started to use as an industrial zone of the Haliç and its environs in the 1950s and began to increase the number of industrial structures and factories along the Kağıthane valley. Kağıthane, one of the major and important districts of Istanbul with its nearly 400,000 inhabitants, is located between the E-5 and TEM motorways, which is the route of the Bosphorus bridges linking Europe and the Anatolian side. The Metropoliten area of Kağıthane Valley is located in the domain of central business areas (MIA) in the south and east of its geographical location.
With the increase in mobility throughout the city in the last 10 years, Kağıthane District has been positively influenced and many projects have been developed, especially residential projects. Alternative projects have been implemented for the traffic problem which is one of the most important problems of Istanbul and Kağıthane has hosted these projects through tunnels. With the tunnel route, the transportation time from Kağıthane, Seyrantepe and Hamidiye neighborhoods to Taksim can be possible in 5 minutes. Nowadays, high-rise and site-type constructions are available in the region where the residences are addressing the middle and middle-upper income group; A variety of transportation opportunities, B and B + income level projects have been determined to increase.
While the projects in Kağıthane are appealing to the middle class, the number of qualified residences in Kağıthane has increased with the influence of Seyrantepe Metro and tunnel construction in the region. With the diversiation of transportation facilities in Kağıthane region known for its proximity to Maslak, the region has begun to be sought after by the mid-upper class.
Mahmutbey-Mecidiyeköy metro line, scheduled to open in 2018, is expected to further ease the transportation to the region. Thanks to this project, the distance between Kağıthane Üsküdar in 26 minutes, Ümraniye 39.5 minutes, Besiktas 10 minutes and Mecidiyeköy 4.5 minutes to land. This situation will provide a second momentum in the branded housing projects of Kağıthane-Seyrantepe region, which is already the center.
In the housing projects in Kağıthane region, the unit prices range from 4,000 tl to 9,000 tl/m2 (VAT-free prices.). In addition, it is possible to come across unit prices, such as TL/m2 (VAT free prices), according to the honors of the apartments in the region.
According to the 2016 Istanbul branded housing sector report, which was prepared by the Endeksa partner EVA Gayrimenkul Degerleme Danışmanlık, this region increased in 32% in 2013%, in 2014% and in 2015% and 3% in 2016. Since the last five years, housing prices have been increased by 87% and the annual average increase of the compound value is 17%. The combined value is the annual average increase rates of 34 units in Istanbul in the total of 17. Order.
Kağıthane – Market analysis of Seyrantepe region
The branded housing market in the region has actively begun in 2004 and has been competing for about 29 different firms for 13 years. Although the branded housing market in the region started in 2004, Basak Konuts, which were originally completed in 1997, are the first mass housing project in the region. The region has developed a rapid development in the branded housing market in recent years with its proximity to the limited land supply and the close to Mia. The distribution of the housing type is seen to be produced in the region with a maximum of 2 + 1 and then 1 + 1 and 3 + 1. In the region, the net area difference in branded housing projects is approximately 30%.