World’s Most Expensive Streets Fall in Value

World’s Most Expensive Streets Fall in Value

Times are tough in Monaco.

According to the Wealth Bulletin’s latest list of the World’s Expensive Streets, prices on Avenue Princesse Grace (still the priciest street in the world) have plunged by more than a third. One square meter of prime space now costs the equivalent of a mere $11,152 a square foot-down from $17,657 last year.

The overall value of prime residential property on the 10 most expensive streets in the world fell 12% in the past year, the survey found, with European streets faring better than those in the U.S. and in emerging markets. The overall markets in the U.S. and London have fallen 20% or more. Here is the Bulletin’s list of the Most Expensive Streets. Caveat emptor, it is developed with luxury Realtors.

1 Avenue Princesse Grace, Monaco, $11,152 a square foot

2 Chemin de Saint-Hospice, Cap Ferrat, South of France, $9,293 a square foot

3 Fifth Avenue, New York, $6,691 a square foot

4 Kensington Palace Gardens, London, $6,040 a square foot

5 Avenue Montaigne, Paris, $5,018 a square foot

6 Via Suvretta, St Moritz, Switzerland, $4,182 a square foot

7 Via Romazzino, Porto Cervo, Sardinia,$3,903 a square foot

8 Severn Road, The Peak, Hong Kong, $3,717 a square foot

9 Ostozhenka Street, Moscow, $3,252 a square foot

10 Wolseley Road, Point Piper, Australia, $2,602 a square foot

How much have prices fallen on your street?



http://blogs.wsj.com/wealth/2009/08/11/worlds-most-expensive-streets-fall-in-value/

Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com