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World's 10 most expensive streets
Not all of us may be rich and famous, but that does not stop us from reading about them. In fact, we are all eyes and ears to grab any piece of information on what they do and where they live.
Perhaps to cater to this rather-too-common curiosity of the readers, Financial News recently carried a report on world's 10 most expensive streets.
According to FN, Hong Kong's Severn Road stands out to be the most expensive street in the world.
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World's 10 most expensive streets
Rank 1: Severn Road, Hong Kong
Top price: $78,200 per square metre
Price change since 2009: +9%
Having ranked 8th in 2009, Severn Road has held the top spot since 2010.
Its rates fell 72 per cent during the recession but the wealthiest residents in Mainland China have driven up prices there.
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World's 10 most expensive streets
Rank 2: Kensington Palace Gardens, London
Top price: $76,600 per square metre
Price change since 2009: +2%
Kensington Palace Gardens often called Billionaire's Row held the same spot in 2010.
The street houses many embassies and billionaire's like Lakshmi Mittal and hedge fund manager Noam Gottesman have homes there.
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World's 10 most expensive streets
Rank 3: Avenue Princesse Grace, Monaco
Top price: $69,700 per square metre
Price change since 2009: +2%
Prices on Monaco's Avenue Princesse Grace have dropped significantly from the $120,000 it demanded in 2009.
While its rank and rates are up from 2010 and it still makes the top 10 list, there has been a lack of demand for real-estate in the area.
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World's 10 most expensive streets
Rank 4: Chemin de Saint-Hospice, Saint-Jean-Cap-Ferrat, France
Top price: $62,700 per square metre
Price change since 2009: +5%
Prices of the 15 homes on Nice's Chemin de Saint-Hospice have gone up since 2010.
It tied for fourth position this year after having dropped to 5th position last year down from the second spot in 2009.
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World's 10 most expensive streets
Rank 5: Fifth Avenue, New York
Top price: $62,700 per square metre
Price change since 2009: -4%
New York's Fifth Ave which tied for the second spot on last year's list has dropped to fourth position this year.
It's still home to some of the most expensive real-estate and boutiques in the world though.
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World's 10 most expensive streets
Rank 6: Quai Anatole, Paris, France
Top price: $44,600 per square metre
Price change since 2009: (new)
With gorgeous neo-classical architecture and views of the River Seine Paris' Quai Anatole makes its first appearance on the list.
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World's 10 most expensive streets
Rank 7: Rue Bellot, Geneva, Switzerland
Top price: $43,000 per square metre
Price change since 2009: -2%
Rue Bellot first made the top 10 list in 2010 and its prices have slipped since.
Prices have been pushed up by rising demand for homes and fewer sales.
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World's 10 most expensive streets
Rank 8: Via Romazzino, Porto Cervo, Sardinia
Top price: $23,700 per square metre
Price change since 2009: -35%
Some of the richest Italian and Russian billionaires reportedly have vacation homes at Porto Cervo, an Italian sea-side resort.
The Via Romazzino is supposed to be the poshest part of Porto Cervo.
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World's 10 most expensive streets
Rank 9: Wolseley Road, Point Piper, Sydney, Australia
Top price: $20,900 per square metre
Price change since 2009: -5%
The $52 million sale of Villa Veneto has been Wolseley Road's most expensive sale.
Owned by some of Australia's richest businessmen, many of these homes have stunning views of the Sydney Harbour.
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World's 10 most expensive streets
Rank 10: Ostozhenka, Moscow, Russia
Top price: $18,000 per square meter
Price change since 2009: -30%
Ostozhenka Street is part of Moscow's Golden Mile.
The street is known for pre-revolutionary architecture and newer constructions in the neighborhood.