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Posts Tagged ‘Avenues of the world’

Avenues of the world

Tuesday, May 29th, 2012

“Life can be grand when money is at hand..  Let’s take a look at some of the most expensive avenues ranked from “low” to HIGH and dream away with me.”

The above was written by someone not from Glamwire.

9) Ostozhenka – Moscow

The only street from an emerging market. Pricetag: 26700Euro ($35,000) per sq/m

8) Severn Road, The Peak – Hong Kong

The Hong Kong residential property market is among the most volatile in the world. Pricetag: $40,000 per sq/m

7) Via Romazzino, Porto Cervo – Sardinia

Holiday homes of many of Italy’s wealthiest individuals are located here, which is also popular with Russian billionaires. Alisher Usmanov, the Russian oligarch and owner of Arsenal football club, likes the street so much that he’s allegedly bought eight houses located on it, or near to it. Pricetag: $42,000 per sq/m

6) Via Suvretta, St Moritz – Switzerland

The winding Via Suvretta in the exclusive ski resort of St Mortiz is the only street that saw prices rise by 18%. Local agents reckon the rising prices are due to buoyant demand from the super wealthy looking to relocate to Switzerland, especially from countries, like the UK, where governments are increasing tax rates for the wealthy. Residential prices in the top neighbourhoods of Geneva and Zurich are also experiencing a mini price boom. The strong Swiss franc is also inflating dollar prices for property in Switzerland. Pricetag: $45,000 per sq/m

5) Avenue Montaigne – Paris

Avenue Montaigne in the 8th arrondisement – which includes the Élysée Palace, official residence of President Nicolas Sarkozy, maintains its eternal allure of Paris among the world’s wealthiest. Estate agents say there have been little changes in the prices paid for top properties on the street in the last year. The strong euro also makes the dollar prices for residential property in the city higher than they have been for some time. Avenue Montaigne is part of the city’s Golden Triangle, which includes the Avenue Champs-Elysees and Avenue Georges V. Pricetag: $54,000 per sq/m
4) Kensington Palace Gardens – London
Kensington Palace Gardens, the private road that abuts Kensington Palace and houses several embassies, including the Russian delegation, is still the fourth most expensive street in the world. Prices on KPG, as estate agents call it, have come off no more than 15% to 20%. Two properties have been sold privately on KPG this year, according to estate agent Savills, which indicates demand is still strong for London’s most exclusive address. Pricetag: $65,000 per sq/m
3) Fifth Avenue – New York
Fifth Avenue, New York City, has the most iconic status of all the streets. But prices on the best parts of Fifth Avenue have come off the boil in the past 12 months. A 400 sq/m apartment with terraces overlooking Central Park on the Upper East Side of Fifth Avenue sold for $29m in June. Local estate agents say the market has been affected by the lack of supply, with residents reluctant to sell because of perceived price discounts. Pricetag: $72,000 per sq/m

2) Chemin de Saint-Hospice, Cap Ferrat – South of France
Less than 30 miles down the road from Avenue Princesse Grace, Chemin de Saint-Hospice is the second most expensive street in the world, where the top properties sell for $100,000 per sq/m. Chemin de Saint-Hospice snakes through Cap Ferrat with its 15 houses commanding beautiful Mediterranean views. Local estate agents say there is one property for sale on Chemin de Saint Hospice, but it is being sold privately and its price a closely guarded secret. Pricetag: $100,000 per sq/m
1) Avenue Princesse Grace – Monaco
Still the most expensive street in the world, expect to pay at least 91.740 Euro($120,000) per sq/m on the iconic Avenue Princesse Grace for a modest apartment with one of the most spectacular views in the world. But that looks like a bargain from a year ago, when top end residential properties on the street were $190,000 per sq/m. A 334 sq/m four-bedroom penthouse on Avenue Princesse Grace is on the market at $50m – around 113.900Euro($149,000) per sq/m – not including a 220 sq/m terrace. Local agents reckon asking prices are being discounted by as much as 20% and the above property will probably sell for closer to $40m. Monaco-based independent agent Pieter van Naeltwijck said transactions had fallen 25% since last year. But he said super-rich Russians were beginning to come back into the market, fuelling renewed demand.
Love, Shar – xo