Istanbul's famous street has also made it to the list of the world's most expensive shopping streets.

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According to a study conducted by an international real estate company, Istiklal Street has become the 40th most expensive street in the world with its high-rent shops. According to shopkeepers, the cost of moving to a new shop is quite high.

ISTIKLAL STREET AMONG THE MOST EXPENSIVE

In this list, Istiklal Street in Istanbul ranked 40th. The average rent price on the street was measured at 2,396 euros per square meter. Istanbul, which was ranked 38th in the same list last year, has dropped two places to 40th this year.

Via Monte Napoleone hosts the world's largest and luxury brands. Kering, the owner of Gucci, paid 1.3 billion euros for a building on this street in April. This became the largest real estate deal in Europe in the last two years.

HERE ARE THE MOST EXPENSIVE STREETS IN THE WORLD

* Via Monte Napoleone - Milan

* Upper 5th Avenue - New York

* New Bond Street - London

* Tsim Sha Tsui - Hong Kong

* Avenue des Champs-Élysées - Paris

* Ginza - Tokyo

* Bahnhofstrasse - Zurich

* Pitt Street Mall - Sydney

* Myeongdong - Seoul

* Kohlmarkt - Vienna