Top 10 Most Expensive Streets in the World
10. Avenue Montaigne, Paris
Named after the influential French Renaissance Michel de Montaigne, this street is situated in the French capital’s affluent 8th arrondissement, close to the Champs-Élysées, Place de la Concorde, and Élysée Palace. Avenue Montaigne is the epicenter of the Paris fashion scene, with Louis Vuitton, Chanel, Ralph Lauren, or Bulgari stores having been set up there, in addition to the iconic luxury hotel Plaza Athénée.
This street is where the Canadian Embassy is currently located, while Marlene Dietrich is among the celebrities who had an apartment there (where she died in 1992).
Price square meter: $26,000
9. Fifth Avenue, New York
Running through the center of Manhattan, Fifth Avenue is one of New York’s most interesting places to visit. It boasts as series of historic landmarks (the Empire State Building, the New York Public Library, the Rockefeller Center, or St. Patrick’s Cathedral, to name a few), as well as numerous luxury boutique and department stores (like Swarovski, Tiffany’s, or Bergdorf Goodman).
The street also has plenty of luxurious apartments and penthouses, with the most sought-after being those along Central Park.
Price square meter: $28,000
8. Oztoshenka, Moscow
Located in the heart of Moscow, within walking distance from the Kremlin and Red Square, Oztoshenka has recently developed into a swanky residential area, so much so that it now known as the Russian capital’s Golden Mile.
But Oztoshenka is about more than just new, high-end residential developments. The street also features many examples of Art Nouveau architecture from the late 19th and early 20th centuries and even buildings older than that. This seamless mix and old and new, alongside its great location an unexpected air of peace and quiet is what attracts the wealthy oligarchs looking for a place to stay in Moscow.
Price square meter: $29,000
7. Via Romazzino, Sardinia
Romazzino Hill, part of the super-exclusive Costa Smeralda, on the island of Sardinia’s northern coast, is home to some of the most expensive real estate in the whole of Europe. With facilities such as a golf course, private jet and helicopter service, and a series of luxurious hotels, the place attracts the super-rich like a magnet, many of whom have built (or bought) houses in the area, something which has made the prices soar.
Price square meter: $32,900
6. Chemin de Ruth, Cologny
Chemin de Ruth is a street in the municipality of Cologny, near Geneva, in western Switzerland. The place is deeply infused with that typical old European charm, with magnificent stone houses with landscaped gardens and swimming pools, many of them offering great views of the majestic Lake Geneva. While very affluent, the area is quite peaceful and unassuming.
Most notably, Cologny is home to the World Economic Forum, which holds its most famous meeting every year on the other side of Switzerland, in Davos.
Price square meter: $37,000
5. Paterson Hill, Singapore
The city-state of Singapore is one of the Four Asian Tigers, thus one of the most prosperous places in East Asia. This, together with the limited available space has sent real estate prices skyrocketing, most notably in the Patterson Hill area, in the southern part of the main island.
The most important residential development is The Marq on Patterson Hill, a magnificent condominium recently opened. One of its greatest selling points is its proximity to Orchard Road, the city’s most popular shopping and entertainment destination.
Price square meter: $42,500
4. Boulevard du Général de Gaulle, Saint-Jean-Cap-Ferrat
Located in the Alps-Maritimes department in southeastern France, Cap Ferrat was once the domain of King Leopold II of Belgium and is now home to some one of the most sought-after real estate on the entire French Riviera. The place is studded with stunning mansions which used to be the homes of David Niven, Charlie Chaplin, or William Somerset Maugham; current residents include Microsoft co-founder and Hollywood couple Brad Pitt and Angelina Jolie.
Price square meter: $79,000
3. Avenue Princess Grace, Monaco
Monaco is, more than any other place in the world, synonymous with luxury – the playground of the planet’s super-rich. Billionaires compete for a spot overlooking the wonderful beaches and the Mediterranean, close to where the annual boat show or Formula One Grand Prix take place, which rockets real estate prices into the stratosphere. Nowhere is this more apparent than along the Avenue Princess Grace, in the principality’s northeastern Larvotto district.
Price square meter: $86,000
2. Kensington Palace Gardens, London
London’s Kensington Palace Gardens is the most expensive and exclusive street in Europe. Construction there started in the 1840s and by the middle of the 20th century the houses became so difficult to afford that most became ambassadors’ residences, until the last few decades when a new wave of billionaires moved back in.
These days the grandiose mansions are occupied by embassies (of countries like Israel or Finland), or very wealthy people (Leonard Blavatnik, Lakshmi Mittal, or Bernie Ecclestone’s daughter, Tamara).
Price square meter: $107,000
1. Pollock’s Path, The Peak, Hong Kong
In a development illustrative of the eastward shift in economic and financial power, the most expensive street in the world can be found in Hong Kong, along the street known as Pollock’s Path – most notably in an area called The Peak.
Located, as the name suggests, on top of a mountain overlooking the city, properties there offer breathtaking views of the city and the harbor below, as well the guarantee of elite company. Hong Kong movie star Stephen Chow (whom you might remember from Kung Fu Hustle) and the top execs from HSBC are some of the people currently living there.
Price square meter: $120,000