"İstanbul real estate prices vie with European cities
The recent sale of Turkish Highways Directorate (KGM) land at a high price has brought attention to Turkey’s rising real estate costs, with İstanbul becoming one of the most expensive metropolitan areas in Europe in terms of real estate prices.
The recent sale of Turkish Highways Directorate land for $800 million shows that İstanbul real estate prices are almost as high as those of Europe.
London currently holds the lead with 13,000 euros per square meter, followed by Paris and Milan with 8,500 euros and 6,500 euros, respectively, while Istanbul is more expensive than Madrid, Stockholm and Rome."
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