Over the years, with the increase in the number of potential buyers the real estate market is witnessing healthy property investments, especially in luxury property sector. A study conducted by the research firm Wealth-X on the most expensive residential streets in the globe came up with their report. Read on to know more about it as compiled by ibtimes.
#10 Avenue Montaigne, Paris
With the most rich and famous flocked together, Avenue Montaigne in Paris makes it to the list of the most expensive street to live in the country. The avenue has a history that goes back to 350 years and is located in the 8th arrondissement in the Champs-Elysees quarter. The street also holds a great cultural treasure; and no wonder that it attracts the wealthy. The street is as expensive as $26,000 per square meter.
#9 Fifth Avenue, New York
Fifth Avenue in New York attracts the upper class of the society for its central location. Being placed at the heart of the city, the street has been attracting the rich way behind from 1900. The advantage of the ease of access in the Gotham city comes at a whooping price of $28,000 per square meter.
Standing as a witness to the Russian resolution once upon a time, the Ostozhenka street in Moscow is now occupied with luxury hotels, museums and cathedrals. Owning a space in the street is considered as a jewel in the crown as one has to shell out some serious money. The most luxurious residential area of Russia may cost you $29,000 per square meter.
#7. Romazzino Hill, Sardinia
Costing a hefty amount of $32,900 per square meter, Romazzino Hill makes it to the list of most expensive streets to reside. The residential area set on the island is home to the most influential including the royal family of Qatar and other Russian billionaires. The location is owned autonomously by Italy and is expected to attract more wealth as moving on.
#6. Chemin de Ruth, Geneva
Chemin de Ruth is most adorned for its location and picturesque landscape that attracts the creamy class of the society. Set in the midst of snow capped hills, the most expensive residential area of Switzerland can cost you as much as $37,000 for just a square meter of a land. Facing the water front of the Lake of Geneva, Chemin de Ruth always attracts the club class.
#5. Paterson Hill, Singapore
The street with a dead end gained its title “Billionaire’s Row” for the wealthiest of the country owning a property in the lane. A square meter piece of the Paterson hill may cost you $42,500 with its shopping belt, designer stores and restaurants. What’s more than a serine residential area amidst the luxuries of life can tempt the most wealthy and influential?
#4. Boulevard du General de Gaulle, Cap Ferrat, France
With an array of beachfront villas, Boulevard du General de Gaulle is the world’s most expensive non urban housing location. Located in a vast vicinity of 15 kilometers this beautiful hotspot is enough to lure wealthy population. Boulevard du General de Gaulle is nestled in the lap of the Mediterranean Sea and costs $79,000 per square meter.
#3. Avenue Princess Grace, Monaco
The palm tree-lined streets of Avenue Princess Grace may look enchanting and breathtaking, however may get you deprived of $86,000 for each square meter that you buy. The residential area in the principality of Monaco is home for the elite class of the society with its location facing the Mediterranean Sea.
#2. Kensington Palace Gardens, London
Have you ever thought of owning a house next to Duke and Duchess of Cambridge or Lakshmi Mittal? Well, then be ready to shift to Kensington Palace Gardens, but owning a piece of land may demand $107,000 for each meter square. The second most expensive residential area in the globe also contains French, Russian, and Japanese embassies.
#1. Pollock’s Path, The Peak, Hong Kong
What’s more can give you pride than owning the most expensive piece of land on earth! Well, Pollock’s Path in Hong Kong can fulfill your dream, but the price may be a bit huge of $120,000 per meter square. The street is set atop a hill and the winding paths move close by the most influential, rich and famous of the country. The world’s most high priced street provides a spectacular view of the skyscrapers lining the harbor.
- Most Expensive Residential Streets in the World (st-augustine-travel-guide.com)
- Qatar Or Into The Next Luxury Overlord (szlaixl.wordpress.com)