How Medical Tourism is Shaping the Istanbul Property Market?
Medical Tourism in Istanbul, Turkey?
Istanbul, Turkey, has emerged as a leading destination for medical tourism, attracting patients worldwide seeking high-quality, affordable medical care. From advanced surgical procedures to specialized treatments, Istanbul’s hospitals and clinics boast cutting-edge technology and a pool of highly skilled, internationally trained medical professionals. This influx of medical tourists has a significant impact on Istanbul’s property market, creating a unique investment opportunity.
Why is Medical Travel Popular in Istanbul, Turkey?
Several factors contribute to Istanbul’s popularity in medical tourism. Here are some key reasons:
- Cost-Effectiveness: Compared to Western Europe and North America, medical treatments in Istanbul are significantly cheaper. This affordability makes it a viable option for patients seeking high-quality care without breaking the bank.
- Expertise and Technology: Istanbul boasts numerous JCI-accredited hospitals with state-of-the-art facilities and a team of experienced doctors specializing in various fields.
- Location and Convenience: Istanbul’s strategic location offers easy accessibility from Europe, the Middle East, and Asia. Additionally, the city provides a wealth of historical attractions, cultural experiences, and stunning scenery, making it a desirable travel destination.
Which Countries Travel to Istanbul, Turkey for Medical Tourism?
Patients from various countries choose Istanbul for medical tourism, with a high concentration coming from:
- Europe: Germany, the United Kingdom, and the Netherlands.
- Middle East: Iraq, Kuwait, Qatar and Saudi Arabia.
- Central Asia: Russia,Kazakhstan, Turkmenistan, and Azerbaijan.
Medical Tourism Visitors: Where Are They Staying in Istanbul?
Where Are Medical Tourism Visitors Staying in Istanbul?
Accommodation is a crucial aspect of the medical tourism experience, and Istanbul offers a variety of options tailored to meet the needs of its international visitors. Many medical tourists prefer to stay close to their treatment centers for convenience and peace of mind. In response to this demand, several hospitals and medical complexes have developed on-site accommodations that provide comfortable and secure housing for patients and their families.
Moreover, Istanbul’s vast array of hotels, ranging from budget-friendly options to luxurious five-star establishments, caters to all budgets and preferences. For those seeking a more private and homely environment, Airbnb-ready houses have become an increasingly popular choice, offering the space and flexibility that many families appreciate during their stay.
This surge in medical tourists has led to an increased demand for temporary accommodation options. While many opt for traditional hotels, a new trend is emerging:
- Medical Tourism-Friendly Apartments: Investors are recognizing the potential of furnished apartments specifically catering to medical tourists. These apartments offer a comfortable, home-away-from-home environment for patients undergoing treatment and their families.
Airbnb Ready Houses: A Good Option for Medical Tourism?
Furnished apartments with a focus on short-term rentals, particularly those suitable for Airbnb listings, present a lucrative opportunity for investors in Istanbul’s property market. Medical tourists often require stays longer than a typical vacation, making them ideal tenants.
Conclusion
The medical tourism boom in Istanbul presents a win-win situation. Patients receive top-notch medical care at affordable prices, while the city experiences a surge in its healthcare sector and its property market. Investing in medical tourism-friendly apartments, particularly those suited for Airbnb rentals, offers a promising opportunity for investors seeking to capitalize on this growing trend.
