fathnews: April 2015

10. Avenue Montaigne, Paris: $26,000 / m2

Situated in Paris’s Champs-Élysées quarter, Avenue Montaigne has a reputation for affluence. This Parisian street first earned a reputation for luxury in the 19th century following the infamous Balls at the Mabille. Nowadays, it is one of the world’s most thriving centres of fashion; Dior, Chanel, Louis Vuitton and Ralph Lauren all have stores here. However, for some, the high life comes at a huge price – such as the robbery of the jeweller’s Harry Winston on the street in 2008.

9. Fifth Avenue, New York: $28,000 / m2

Between the 49th and the 59th street countless designer boutiques can be found, such as Saks Fifth Avenue, Bergdorf-Goodman, Louis Vuitton and Prada, and jewellers like Bulgari and Tiffany and Company. The street’s Museum Mile, which faces onto Central Park.

8. Ostozhenka, Moscow: $29,000 / m2

Relatively unassuming when compared to the previous two iconic streets, and known as Moscow’s “Golden Mile”, since the 1990’s Ostozhenka has become a flurry of activity, with modern midrise apartments and offices being constructed all along the street. However, the street is also home to some of Moscow’s finest examples of Art-Nouveau and neoclassical architecture.

7. Romazzino Hill, Sardinia: $32,900 / m2

Romazzino Hill and the surrounding area has been a hotspot for real-estate since 1961, when development of the area was spearheaded by a consortium of companies led by British business magnate, Aga Khan IV. However, the site first made big headlines in 2012 when the Italian multi-millionaire Carlo de Benedetti sold his seaside Villa Rocky Ram for $110 million.

6. Chemin de Ruth, Geneva: $37,000 / m2

With stunning views over Lake Geneva and the Swiss Alps, and a high standard of living, it is easy to see why property prices on the Chemin de Ruth are so high – $37,000 per square metre, to be precise. Many of the mansions on this street in Cologny, near Geneva, have landscaped and beautifully designed architectural façades.

5. Paterson Hill, Singapore: $42,500 / m2

This peaceful residential cul-de-sac is known as Singapore’s “Billionaire Row”, and has seen its property prices soar over the last year in part due to currency fluctuations. Located in the esteemed District 09, Paterson Hill is near the Orchard Road shopping belt, an area filled with designer boutiques and Michelin-starred restaurants. The most expensive condominium on this street is the stylish and elegant Marq.

4. Boulevard du Général de Gaulle, Cap Ferrat, France: $79,000 / m2

Cap Ferrat is the most expensive non-urban location in the world, with prices per square metre averaging an eye-watering $79,000. Located along the idyllic Côte d’Azur, Cap Ferrat was once the domain of King Leopold II of Belgium, but is now marked by many magnificent villas and hotels, such as the stunning Grand-Hôtel du Cap-Ferrat .

3. Avenue Princesse Grace, Monaco: $86,000 / m2

Monaco, home to the F1 Grand Prix and its own boat show, is a playground for Europe’s elite. Property prices are at a premium on the Avenue Princess Grace which straddles the seafront, due to its stunning location and limited space. At their height, prices reached a colossal $135,000 per square metre.

2. Kensington Palace Gardens, London: $107,000 / m2

Many embassies are located here, as well as the homes of Indian steel tycoon Lakshmi Mittal, once the sixth richest man in the world, and Russian oligarch Roman Abramovich.

1. Pollock’s Path, The Peak, Hong Kong: $120,000 / m2

The most expensive street in the world – with panoramic views over Victoria Harbour, Hong Kong Island and the city’s skyline – has long been a stomping ground for the rich. Records were broken for all of Hong Kong when apartment no.10 sold for $103million.