Streets of Gold – 5 of the Most Expensive Streets in the World
Most of the worlds billionaires and multimillionaires don’t live in huge palaces and estates. Instead, they seek out luxurious and beautiful properties situated on the worlds most expensive and exclusive streets. When mixing in high-end circles, a posh street address is everything, and can do a great deal for your reputation. The following list will briefly look at 5 of most expensive streets in the world, and the highest property prices on them.
5. Fifth Avenue, New York
No list of the world’s most expensive streets would feel complete without the most famous street in New York. Fifth Avenue is home to some of the most famous luxury shopping brands in the world, from Versace to Louis Vuitton, making it a hugely attractive street for the wealthy to live on. For businessmen and women working predominantly in Manhattan, Fifth Avenue is without a doubt the most exclusive and sought after address, with its highest property prices reaching $62,700 per square meter.
4. Chemin de Saint-Hospice, Nice
This street in the beautiful French city of Nice along the South Coast of the country has highest property prices as high as Fifth Avenue’s at $62,700 for each square meter. While the city isn’t quite as large and important on a global scale as the others on this list, it is certainly hugely luxurious, stylish, and exclusive, making it a popular option for millionaires and billionaires seeking a bit of sun on the French Riviera.
3. Avenue Princess Grace, Monaco
In 2009 the highest property prices along this famous street were as high as $120,000 per square meter. Since then, however, property prices have seen a serious dip, with the highest rates now nearly half of what they were before, at $69,700. As a beautiful street, it is quite fitting that it is named after the beautiful Grace Kelly. With incredible views over the waterfront, and the chance to dock your yatch right outside your home, Avenue Princess Grace has become a hugely popular address for the world’s wealthiest.
2. Kensington Palace Gardens, London
This enormously exclusive street in the historical and culturally diverse city of London is often known by another name – ‘Billionaire’s Row.’ Since property prices there reach as high as $76,600 per square meter, this is no real surprise. Constantly in the news for being the backdrop for some of the world’s most extravagant property deals, Kensington Palace Gardens is a magnet for the wealthiest men and women in the world. Among its richest residents are hedge fund manager Noam Gottesman and the multimillionaire steel tycoon Lakshmi Mittal.
1. Severn Road, Hong Kong
Just beating Kensington Palace Gardens to the top of the list is Severn Road in Hong Kong, with property rates of up to $78,200 for every square meter. Severn Road is a hugely sought after address in the hills of Hong Kong for Chinese billionaires and millionaires who have flocked there in recent times, driving property prices through the roof. While Hong Kong is well known to be fairly congested in places, Severn Road is an open and lush area, home to just 60 or so properties. One of the most attractive features of this street is its incredible views over the city of Hong Kong and its habors. In 2010 the recession caused prices to plummet, but since then the ever-growing Chinese economy has led to a property boom, making Severn Road the most expensive street on the planet.