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Significant Increase in Real Estate Investments in Kartal, Istanbul

: 2017-11-28 Modified date : 2019-04-10

Significant Increase in Real Estate Investments in Kartal, Istanbul
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The Asian part of Istanbul is now the city's brightest star, attracting a large number of real estate investors to the city, as it has become a very lucrative region with a strong support from both the public and private sectors.

Kartal district is one of the booming areas within the Asian part of Istanbul, where it has attracted a large number of investors, especially in projects with famous brands, as many companies entered Kartal through large investment projects.

The Turkish government has made a number of investments that have contributed significantly of the value of this district and have contributed of increasing the investors’ attraction through a number of mega projects such as the Osman Ghazi Bridge, the Gulf Bridge, the Canakkale Bridge and the third bridge connecting the city's parts In the Asian and European continents.

The real estate boom Kartal district has contributed significantly to the real estate price rise, with property values increasing by 20% in 2013, 13% in 2014, 14% in 2015 and 22% in 2016, Per square meter in residential apartments between 5 thousand to 12 thousand Turkish liras based on the residential apartment area.

According to the data issued in this context, the prices of apartments in the Kartal starts from 300 thousand Turkish liras. Property prices in the coastal strip in the area range between 500 thousand Turkish liras and one million and 500 thousand Turkish liras. Studies also suggest that the prices of apartments purchased in the area can be compensated within a relatively short period of time.

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