Many areas globally are suffering decreasing property prices, but according Wealth Bulletin magazine the very top of the top-end locations aren´t suffering. In a recent survey by the Dow Jones group publication, Wealth Bulletin identified the top ten most expensive streets in the world based on per square metre price. While not scientific, the list makes for interesting reading.
Top of the list was Avenue Princess Grace in Monaco. Named after Grace Kelly, the avenue overlooks the bay and the mega-yachts which make up the famed seascape of Monaco. Properties on Avenue Princess Grace do not appear in the local property classifieds, nor do many others on the list, but they do from time become available and on Avenue Princess Grace you can expect to pay up to US$41 million – this works out to be an earth-shattering US$190,000 per sqm, give or take.
Did Asia feature on the list? Was Thailand on there? Find out for yourself. Here´s the list:
- 1.Avenue Princess Grace, Monaco. US$190,000 per sqm.
- 2.Severn Road, Hong Kong. US$121,000 sqm.
- 3.Fifth Avenue, New York City. US$80,000 per sqm.
- 4.Kensington Palace Gardens, London. US$77,000 per sqm.
- 5.Avenue Montaigne, Paris. US$54,000 per sqm.
- 6.Ostozhenka, Moscow. US$40,000 per sqm.
- 7.Via Suvretta, St Moritz. US$38,000 per sqm.
- 8.Carolwood Drive, Los Angeles. US$30,000 per sqm.
- 9.Wolseley Road, Sydney. US$28,000 per sqm.
- 10.Altamount Road, Mumbai. US$$25,000 per sqm.
While Asia did feature with Hong Kong taking second place, Thailand has not yet made it into the top 10 most expensive streets in the world. However, with some of Bangkok´s new ultra-luxury condominium´s being built and Phuket´s West Coast multi-million dollar villas, it might not be too long until you find Thailand in the top ten. Watch this space.
