Billionaires’ row: The world’s 10 most expensive streets
Home to royalty and Facebook founders, these are the lavish streets that house the wealthiest members of society.
But it is not just private houses that line these streets paved with gold, there are also plenty of shops and tourist attractions to engross visitors keen to immerse themselves in the extravagance.
Unsurprisingly, the Duke and Duchess of Cambridge live on the second most expensive street in the world, Kensington Palace Gardens in London, which is valued at £69,900 per square metre.
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Located between the Champs Elysees Avenue and the Seine river banks, Avenue Montaigne is the fanciest shopping avenue of Paris and in the top ten most expensive streets in the world
However this is beaten by Pollock’s Path in Hong Kong, where the average price per square metre is a staggering HK$930,670 (£79,351).
The data, provided by real estate consultancy Knight Frank, listed Avenue Princesse Grace in Monaco as being the world’s third priciest street.
Home to a whole host of celebrities, tourists may be able to catch a glimpse of its famous residents who include Andrea Bocelli, Roger Moore, Lewis Hamilton and Helena Christensen.
Also in the top five are Boulevard du Général de Gaulle, Cap Ferrat in France and Paterson Hill in Singapore, where Facebook co-founder Eduardo Saverin has a house.
One of New York’s most famous shopping roads, Fifth Avenue, also made the top ten with the price said to increase on average 5.4 per cent annually.
Here are the top 10 most expensive streets around the world.
1. Pollock’s Path, The Peak, Hong Kong
Pollock’s Path (left) is the world’s most expensive street, and is also home to movie actor Stephen Chow (right)
Taking the title for the world’s most expensive street is Pollock’s Path, atop Victoria Peak in Hong Kong. In 2011 one property reportedly sold for HK$800 million (£67 million).
Skyhigh, a housing development at 10-18 Pollock’s Path is one of the most prestigious developments on the path.
Tourists can check out Peak Tower on the street, which has a shopping complex along with restaurants, cafes and a 1404-foot viewing platform.
Average price per square metre: US$120,000 (HK$930,670) (£55,845)
Price change year on year: +10 per cent
Neighbours: Movie actor Stephen Chow, star of the film Shaolin Soccer among other martial arts action and comedy films
2. Kensington Palace Gardens, London, UK
On the most expensive street in London the average property is valued at £42.6 million, according to Zoopla
Regal region: Resident Tamara Ecclestone (right) lives a stone’s throw from Kensington Palace (left)
The Duke and Duchess of Cambridge, Prince George and Princess Charlotte were former Kensington residents overlooking the most expensive street in London
London’s priciest area was once home to royalty with none other than the Duke and Duchess of Cambridge living at Kensington Palace overlooking the city’s most expensive street, Kensington Palace Gardens.
The average property valued at £42.6 million, according to Zoopla, which is no surprise when you take into account the large park on the street, along with multiple high-end shops and sophisticated restaurants nearby.
Average price per square metre: US$107,000 (£69,900)
Price change year on year: +2 per cent
Neighbours: Lakshmi Mittal, Bernie Ecclestone’s daughter Tamara
3. Avenue Princesse Grace, Monaco
Playground of the rich and famous: The third most expensive street in the world is close to Port Hercule, Harbor, Monte Carlo
The Avenue Princesse Grace is an avenue in Monaco which, as the name suggests, was named after Grace Kelly
The palm-lined street overlooks the water but will set you back a massive sum of money, but that hasn’t stopped Lewis Hamilton (pictured) from snapping up a property
The Avenue Princesse Grace is an avenue in Monaco which, as the name suggests, was named after Grace Kelly.
The palm-lined street overlooks the water but will set you back a massive sum of money. However living on this famous road could provide the chance to rub elbows with Russian oligarchs and Middle Eastern oil sheikhs.
Tourists can also head to Nouveau Musée National de Monaco or escape in the authentic 75,347-foot Japanese garden on the road.
Average price per square metre: US$86,000 (€65,000) (£56,885)
Price change year on year: +5 per cent
Neighbours: Andrea Bocelli, Roger Moore, Lewis Hamilton, Helena Christensen
4. Boulevard du Général de Gaulle, Cap Ferrat, France
The highly exclusive peninsula of Cap Ferrat is the most-sought-after piece of land along the Mediterranean Côte d’Azu with Boulevard du Général de Gaulle being the priciest street
The road has long been a Mecca for the rich and famous including present notable residents Brad Pitt and Angelina Jolie
The highly exclusive peninsula of Cap Ferrat is the most-sought-after piece of land along the Mediterranean Côte d’Azur.
Situated about 15km from Monaco, the Cap, as it is affectionately known, has long been a Mecca for the rich and famous including present notable residents Brad Pitt and Angelina Jolie.
Average price per square metre: US$79,000 (€60,000) (£52,246)
Price change year on year: -5 per cent
Neighbours: Brad Pitt and Angelina Jolie; David Niven and Paul Allen reportedly own holiday homes, as did Charlie Chaplin
5. Paterson Hill, Singapore
According to the Billionaire Census, produced by ‘wealth intelligence’ firm Wealth-X, Paterson Hill is the fifth priciest street in the world
Facebook co-founder Eduardo Saverin is said to be a resident of Paterson Hill in Singapore
Paterson Hill in Singapore is the fifth priciest street in the world with the most exclusive of the residences of this road being The Marq, featuring 66 apartments.
Situated in Singapore’s premier shopping and entertainment belt, the world’s leading fashion labels and designer couture, the finest hospitality and the trendiest gymnasiums and spas are located just a few minutes walk away.
Average price per square metre: US$42,500 (SGD$53,800) (£28,110)
Price change year on year: +6.5 per cent
Neighbours: Facebook co-founder Eduardo Saverin and former Miss Singapore beauty queen Rachel Kum
6. Chemin de Ruth, Geneva, Switzerland
Private and idyllic, Geneva’s picturesque suburbs have taken the title of Switzerland’s most exclusive address
Chemin de Ruth in Geneva is home to former French tennis player Henri Leconte (pictured), along with former French alpine-skier Jean-Claude Killy
Private and idyllic, Geneva’s picturesque suburbs have taken the title of Switzerland’s most exclusive address, which has understandably lured many famous faces looking for a country retreat.
Many of the large houses on this stone street have swimming pools, landscaped gardens, and stunning views of the nearby Lake Geneva and United Nations buildings.
Average price per square metre: US$37,000 (CHF 30,000) (£24,472)
Price change year on year: -5 per cent
Neighbours: France’s Peugeot Family, former French tennis player Henri Leconte and former French alpine-skier Jean-Claude Killy
7. Romazzino Hill, Sardinia
Romazzino area in Costa Smeralda, Sardinia, Italy is popular with tourists keen to enjoy the watersports and golf opportunities
Romazzino Hill in Sardinia has taken the spot as the seventh most expensive street around the world, so it is not surprising that a number of wealthy residents have bought properties here
Saudi Arabian politician Ahmed Zaki Yamani, Ural steel tycoon Alexei Mordashov (right) and Qatar royal family members all have homes on the expensive street
Romazzino Hill has taken the spot as the seventh most expensive street around the world, so it is not surprising that a number of wealthy residents have bought properties here including Ural steel tycoon Alexei Mordashov and some members of the Qatar royal family.
White beaches and exclusive golf courses as well as an array of watersports is likely to tempt travellers to this region.
Italian industrialist Carlo de Benedetti sold his Villa Rocky Ram on the road for a cool $148 million (£98 million) in 2012.
Average price per m2: US$32,900 (€25,000) (£21,761)
Price change year on year: stable
Neighbours: Saudi Arabian politician Ahmed Zaki Yamani, Ural steel tycoon Alexei Mordashov, Qatar royal family members
8. Ostozhenka, Moscow, Russia
Ostozhenka Street has made the list of the most expensive and desirable streets in the world with the average price of residential space on being $29,000 (£19,182) per square metre
Russian oligarch Alisher Usmanov is a resident of the famous road which is situated in the central district of Moscow
Ostozhenka Street is situated in the central district of Moscow and runs from the metro station Kropotkinskaya to the metro station Park Kultury.
The downtown street has made the list of the most expensive and desirable streets in the world with the average price of residential space on Ostozhenka is $29,000 (£19,182) per square metre, which is more expensive than New York’s Fifth Avenue or Avenue Montaigne in Paris.
But it is not just a stomping ground for the wealthy, tourists can find numerous examples of Art Nouveau architecture from the late 19th and early 20th centuries on the street, along with visiting locals bars and restaurants.
Average price per square metre: US$29,000 (£19,181)
Price change year on year: +3.6 per cent
Record price: US$48 million (£31million)
Neighbours: Russian oligarch Alisher Usmanov
9. Fifth Avenue, New York, US
Fifth Avenue is internationally renowned for its plethora of shops and boutiques, but there are also a few famous faces to be seen
Famous residents of Fifth Avenue include Bill Murray and television journalist and author Tom Brokaw
Fifth Avenue is internationally renowned for its plethora of shops and boutiques, but there are also a few famous faces can be seen including Lost in Translation star, Bill Murray.
Tourists can also check out The Empire State Building, Rockefeller Centre, The Metropolitan Museum of Art which are all located on the road.
Average price per square metre: US$28,000 (£18,519)
Price change year on year: +5.4 per cent
Neighbours: Bill Murray, Tom Brokaw
10. Avenue Montaigne, Paris, France
Located between the Champs Elysees Avenue and the Seine river banks, Avenue Montaigne is the fanciest shopping avenue of Paris
It is no surprise that many famous faces can be seen on the street. Actress and singer Marlene Dietrich (pictured) even lived on the avenue before her death
Located between the Champs Elysees Avenue and the Seine river banks, Avenue Montaigne is the fanciest shopping avenue of Paris.
Many high end fashion brands have a store on the famous street including Dior flagship store at number 30, Chanel at 42 and 51 and Valentino at 17, to name a few.
Average price per square metre: US$26,000 (€20,000) (£12,099)
Price change year on year: -3 per cent
Neighbours: Canadian Embassy, Marlene Dietrich (before her death in 1992)
