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BLOG Kagithane Versus Bomonti - Emerging Istanbul Neighbourhoods on the Real Estate Market

7 February 2021 / Properties

Kagithane Versus Bomonti - Istanbul Real Estate Market

When analysing the Istanbul property market, two areas emerge as firm winners of popular destinations with house buyers. Despite already being Turkey's biggest city, Istanbul continues to expand, evoking local councils to pump millions into local infrastructure and the real estate market. Two areas that benefit from the increasing numbers of Turks and foreigners buying property are Kagithane and Bomonti.

Both sit in a prime position in European Istanbul, making them hotspots for housing, business, and transport. Home buyers attracted by new, modern lifestyle residences also find themselves in an ideal position. Despite the two areas' high profiles, property prices offer good value for money in a city that is Turkey's beating heart. Tolga Ertukel, director of Turkey Homes says Kagithane, probably the number 1 most popular city centre neighbourhood for value for money also offers excellent and easy transport links to all central suburbs.

Currently, prices in Kagithane as of early 2021 show apartments sell at roughly $1,500 per square meter. When we compare luxury, prime location developments in nearby Maslak, they sell from $4,000 per square meter. Bomonti is also the next rising star. Although prices here sell from roughly $2,500 per square meter, but will easily match Maslak prices within a year or two.

As for Turkey Homes, we work with many Istanbul developers on both the European and Asian sides. Since we have no biases towards any developer, we present our clients everything that Istanbul has to offer and always match competition with the lowest price.

Real Estate Markets in Kagithane and Bomonti - Istanbul

Properties for sale in Kagithane

Kagithane's former reputation is as an industry hub. The name Kagit Hane translates as a paper house, a reference to large paper factories that previously operated here. Before that, it was a hunting ground for Ottoman royalty. These days, most locals know it as an area undertaking a massive redevelopment of its housing market. Surrounded by the Sariyer, Eyup, Sisli, Besiktas and Beyoglu districts, efforts are paying off, as increasingly more house buyers flock to find out exactly why the real estate market is garnering much attention.

It has many attributes, including the new Istanbul airport, just 30 minutes' drive away, and frequent and quick transport connections to other neighbourhoods. The urban regeneration also extends past housing, into shopping malls, offices, and ample amounts of green spaces to prevent the concrete jungle stereotype. House buyers have many neighbourhoods to choose from.

Property Showcase 1: This excellent modern development perfectly highlights 2-bedroom apartments for sale at affordable prices. The off-plan project is a mere 15-minutes from the Bosphorus Strait shores, Beyoglu and two bridges spanning the Bosphorus to Istanbul's Asian side, whilst a drive of 10-minutes finds Sisli, Levent, and the Maslak financial centre, a very central location. Further information on apartments for sale in Kagithane, please click here.

Investment Property 2: Currently under construction, these luxury apartments for sale are close to all major attractions, and amenities and offer a two-year payment plan, an ideal option for those buyers wanting to get their foot on the Turkish property ladder. This off-plan project of modern apartments for sale in Kagithane sits slightly west of the Golden Horn and around 6.5 kilometres north of Gezi Park. It is an excellent central area, just a 2-minute drive from the E-5 highway and Metrobus line, 7-minutes from the nearest Metro station, 10-minutes to TEM highway or the 15 July Martyrs Bridge across the Bosphorus whilst 20-minutes to the old tram line. See further details, prices and photos.

Apartments in Bomonti

Sitting within the Sisli district, Bomonti can thanks its name to beer, with the same name because a large factory situated here produced it. Its other major fame to claim is the Mimar Sinan Fine arts University, which brings a prestigious status. Like Kagithane, mass development over the last ten years, now makes Bomonti, an ideal place to live and work for house buyers in Istanbul.

Apartments to Invest In: This high-end concept in Bomonti, offers 5-star facilities and an international hotelier brand provides complete bespoke management facility to residents. Currently undergoing construction near the Istanbul Bomonti Hilton and several other named luxury hotels, it is 5 minutes to vibrant Taksim and a mere 2-3 minutes from the Bosphorus shores and approximately 10-12 minutes to historical Sultanahmet. Those seeking five-star management facilities will be impressed by this luxurious project in Istanbul’s heart. Please find out more details, information and how to arrange a viewing in our residential property listing here.

Display Property 2: This is another fine example of ultimate luxury high-end, ready-to-move-in apartments with a 5-star management facility. Bomonti, Sisli is a centre of trade and shopping with many tall towers housing offices and residential apartments. Some also have a five-star concept with property management and concierge services, helipads, shops, cafes, bars, and restaurants for the area's residents. Although complete and ready to move-in, the developer offers cash buyers an 8% discount and the option to pay the rest over 24 months at interest-free rates, with a 50% deposit. See photos, availability and prices here.

About Us: We are Turkey Homes, a real estate investment specialist with offices all over the country, including Istanbul. Our portfolio of apartments and villas for sale in Istanbul covers all 39 districts. Each listing contains everything a house buyer wants to know, including photos, location, prices, and features as to why it is the perfect home. Call or email us today, if you would like to receive a selection of property for sale via email, or to chat with one of our Istanbul agents about buying a property in Istanbul including the hotspots of Kagithane or Bomonti.

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