Three of Turkey's largest city Istanbul's prominent avenues enter the top 10 for the highest rent increases over the past year around the world.

Already vying for the title for the world's worst traffic, Istanbul is now nearing the top of another enviable list, with three of the city's most famous streets demonstrating the 10 highest rent increases in the past year.

Rents on İstiklal Avenue, the heart of Taksim, rose 27.3 percent in 2014, second only to Union Square in San Francisco, which posted a rent rise of 30 percent last year.

Kadıköy's Bağdat Avenue known simply as "Cadde" (The Avenue) - rose the sixth highest at 24.4 percent, while Şişli's Abdi İpekçi was l0th on the list at 20.9 percent. The figures were released in an annual real estate report from consultancy firm Cushman & Wakefield.

While Abdi İpekçi Avenue is generally host to luxury brands, İstiklal Avenue hosts national and international brands at all income levels. Bağdat Avenue also hosts a mixture of local and global brands for each income level, according to the report.