5. Avenue Montaigne- Paris, France
$5,046 per square foot
Dior, Chanel and Luis Vuitton don’t just call any place home. Instead they nest themselves in the most expensive streets in the world, including the Anenue Montaigne in Paris, France. Known as a high class fashion avenue, Avenue Montaigne attracts international models and the filthy rich alike. Believe it or not in the early 18th century this now glamorous avenue was called ‘the alley of widows’ because it was used as a meeting place for mourning women. Now it would be better known as ‘the alley of mourning bank accounts’ to say the least.
4. Kensington Palace Gardens- London, UK
$7,196 per square foot
The Kensington Palace Gardens boasts the world’s most expensive home and the nickname ‘Billionaire’s Row’. With residents including Indian steel tycoon Laskhmi Mittal, Russian oil baron Leonard Blavatnik, and Chelsea Football Club owner Roman Abramovich it is no surprise where the nickname came from. Not only are the residences extravagant, but the underground man caves beneath the mansions are one of a kind. Unlike some of the other streets on our list, Kensington Palace Gardens is solely residential and has only 21 buildings. The street runs right along Hyde Park which doesn’t make for a bad view either.
3. 5th Avenue- New York City, USA
$7500 per square foot
It is no surprise that 5th avenue in NYC is America’s contester on this list. From Saks, to Barneys to Tiffany’s, anyone who calls this area home shells out about $7500 per square foot of their residence!. Aside from infamous retailers, from 5th Avenue you can see Washington Square Park, Harlem, Central Park, the Empire State Building, The Metropolitan Museum of Art and the Guggenheim Museum. Between the attractions, high status residents and being the largest city in America, 5th Avenue has a lot to offer.
2. Severn Road- Hong Kong
$11,200 per square foot
Severn Road sprawls along the affluent residential area of Hong Kong known as ‘The Peak’. The neighborhood is surrounded by rolling green hills and hidden mansions. Residential property on Severn Road, named after a British colonial administrator, commands some of the most spectacular urban views in the world, overlooking the city’s skyscrapers and across Hong Kong harbour to Kowloon. Property prices in the city have always been competitive, but China’s booming economy and the city’s proximity to the biggest concentration of manufacturing activity in the world in the Pearl River Delta, have skyrocketed prices in recent years.
1. Avenue Princesse Grace – Monaco
$17,750 per square foot
The world’s most expensive street was named after the former Princess of Monaco- Grace Kelly. This iconic Hollywood movie star married the wealthy Prince of Monaco- and is your grandfather’s heart throb. Avenue Princess Grace is a mingling spot for billionaires, royals and tycoons from all over the world who want breathtaking views of the Mediterranean Sea. With rundown four bedroom apartments selling for $41 million, the going rate for realty is around $117,750 per square foot. Then again, a hefty price tag comes along with living in the most exclusive enclave in the world. <!--[if !supportLineBreakNewLine]--> <!--[endif]-->
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