Tale of Two Cities

GRAPHIC BY BLOOMBERG BUSINESSWEEK

Tehran, Iran

2010 $1,348 (est.)

2012 $1,600/m^2

In Iran, limited investment options have bolstered demand for real estate

Istanbul, Turkey

2010 $833.20

2012 $771.30

Turkish investors have many investing choices, tempering housing demand

DATA: MILLER SAMUEL, NEW YORK STATE COMPTROLLER, DONYA-E-EQTESAD

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