Over the decades, the required service length has varied:

• 1963: 24 months
• 1970: 20 months
• 1984: 18 months
• 1992 and 1995: 15 months
• 2003: 12 months
• 2020: 6 months

This timeline shows Turkey’s efforts to modernize its military obligations in line with global standards and its strategic requirements.

Turkey offers commendable healthcare facilities that are accessible to foreigners residing in the country. The costs of childbirth in Turkey can vary; however, many government hospitals provide childbirth services at minimal or no cost, especially if the parents are covered under the Turkish Social Security System (SSI). Private hospitals offer packages that might include prenatal care, delivery, postnatal care, and more, with costs influenced by the insurance coverage the parents have.

The share of the market accounted for by foreign buyers in Istanbul’s residential real estate has almost tripled over the past five years, from 3.43% in 2017 to 9.61% in 2022. However, these purchases still represent a small fraction of the Turkish residential market. Despite the presence of luxury and leisure indications from wealthy Russians and Iranians, most foreign purchases are moving towards middle-class participation, contrasting with middle-class Turkish buyers who follow significantly different pathways in the Istanbul housing market.

Following the imposition of sanctions, there has been a noticeable increase in property purchases by Russian and Iranian nationals in Turkey. The trend was particularly marked after significant political events such as Russia’s annexation of Crimea in 2014 and the re-imposition of US sanctions on Iran in 2018. These investors are primarily motivated by the desire to secure assets outside their home countries, which are increasingly vulnerable to international isolation.

Recent months have seen rising construction costs due to the depreciation of the Turkish Lira against the US dollar, potentially leading to supply constraints. However, if demand for housing increases and interest rates are lowered to stimulate economic growth, it could alleviate the current market stagnation.

In January 2017, as Erdogan prepared for a referendum to shift from a parliamentary to a presidential system, Turkey introduced citizenship by investment (CBI) with a minimum property investment of one million dollars. This initiative included several incentives, such as reduced property transfer costs and VAT exemptions for non-resident buyers, to attract foreign capital.

For investors, purchasing property near major healthcare facilities can be a prudent decision, enhancing the property’s appeal to a broader range of tenants and buyers, including local residents, expatriates, and medical tourists. Properties in proximity to hospitals and clinics often command higher rental yields and appreciate faster in value due to the constant demand.

Altay Atasay assists clients in understanding how Turkey’s healthcare infrastructure can be a critical factor in making informed real estate investment decisions. Properties near major hospitals and clinics offer increased rental and capital appreciation potential due to the constant demand from healthcare professionals and patients seeking convenient accommodations.

The synergy between Turkey’s healthcare advancements and real estate development creates a compelling case for investment. Altay Atasay provides expert guidance on navigating this niche market, helping clients capitalize on the intersections of health services accessibility and real estate development.

Altay Atasay guides clients through the intricate process, ensuring all requirements are met, from document preparation to application submission. The firm’s comprehensive approach ensures that clients not only achieve long-term residency but also explore the real estate market with confidence.

Istanbul stands as a testament to Turkey’s rich history and its future as an investment hub. With Altay Atasay, individuals looking to secure long-term residency are positioned to take full advantage of the real estate opportunities this unique city has to offer, enriching their lives and investment portfolios.

Altay Atasay stands ready to assist students and their families in fulfilling these requirements, ensuring a smooth transition to life in Istanbul. From document preparation to notarization and translation, every step is meticulously handled, paving the way for a worry-free academic and investment experience.

Istanbul is more than just a backdrop for academic pursuit; it’s a dynamic landscape ripe with investment opportunities. With Altay Atasay, students can seamlessly blend their academic goals with astute real estate investments, making the most of their time in this historic metropolis.