Top 7 Tallest Buildings of the World in 2013
March 30th
Back in 2010 when we first published the Top 7 Tallest Buildings of the World in 2010, we thought th[...]
Top 7 Most Expensive Streets in the World in 2011
I just got a recommendation from a good friend to read an article in a local magazine about the most expensive streets in the world, considering this maybe a good topic for a new post on my blog. Alter I bought the magazine and check the source, it showed that the information was basically the same since 2008 (about places and prices), so taking the idea for a post on this blog, I investigated different sources to come out with a more reliable list.
After doing some research, I found a source for this information that seemed to be the most accurate. The world’s most desirable addresses have largely been sheltered from the slump in property prices felt elsewhere, according to a survey of the most expensive residential streets in the world carried out by Financial News, sister paper to the Wall Street Journal Europe.
To compile the list, researchers asked international and local property specialists to name what they considered the highest-priced streets according to the average price of residential property. A shortlist of 7 was drawn up using price in euros per square meter of property.
1. Severn Road, Hong Kong
Top price: €57 000 per m2
Price change since 2009: +9%
Expect to pay at least €55 000 per square meter for property at the summit of Victoria Peak, high above the business district of Hong Kong. The road comprises fewer than 60 properties including ‘8 Severn’.
But expect volatility. Prices have soared by as much as 60% over the last two years, after plummeting 40% at the beginning of the financial crisis.
2. Kensington Palace Gardens
Top price: €55 000 per m2
Price change since 2009: +2%
Known to locals as “Billionaire’s Row”, this private London road became the new home of Tamara Ecclestone, the daughter of F1 mogul Bernie Ecclestone, in January. Her father paid £45 million for number eight Kensington Palace Gardens, next door to his home at number six.
3. Avenue Princesse Grace
Top price: €50 000 per m2
Price change since 2009: +2%
Moving up a slot from last year, the iconic Avenue Princesse Grace in Monaco has regained some of the losses it made during the recession when lacklustre demand hit the marina-front avenue. Jean-Claude Caputo, chief executive of Riviera Estates, says: “Owners on the street tend to be so wealthy they do not need to sell.”
4. Chemin de Saint-Hospice, Saint-Jean-Cap-Ferrat (tie)
Top price: €45,000 per m2
Price change since 2009: +5%
A home in Chemin de Saint-Hospice, which snakes around the peninsula of Cap Ferrat, will set you back at least €45 000 per square meter, says Mr. Caputo. There are just 15 houses on the peninsula – one of which is owned by the Saatchi family.
4. Fifth Avenue, New York (tie)
Top price: €45 000 per m2
Price change since 2009: -4%
Down two places from the previous year, property prices on Fifth Avenue have come under pressure at the lower end, according to local agent Stribling & Associates. However, Kirk Henckels, director of private brokerage at Stribling, says: “The large trophy apartments have been going for $60 000 per square meter. It seems to no longer be “uncool” to spend money.”
6. Quai Anatole, Paris
Top price: €32 000 per m2
Price change since 2009: (New)
Situated on the left bank in the seventh district, Quai Anatole replaces Avenue Montaigne on the list, as Paris’ most exclusive road. Laurent Pepineau, director of Parisian property firm Paris Estates, says the views from apartments on Quai Anatole have pushed up values on the street: “Prices for the best apartments on this street could go up to €32 000 per square meter.”
7. Rue Bellot, Geneva
Top price: €31 000 per m2
Price change since 2009: -2%
Nestled between the Parc Bastions and the Parc de Malagnou, Rue Bellot is the most exclusive residential street in the Quartier de la Cité, on the left bank of the river Rhone. Prices on Switzerland’s most expensive street are bolstered by tight selling restrictions and demand from the super-wealthy looking to relocate to Switzerland.
Source: Wall Street JournalRelated posts:
18 comments
Leave a Reply
Recent Posts
Top 7 World's Least Visited Countries
June 20th
This is new for out Top 7 list. For the first time, we are publishing a post ranking something from [...]
Top 7 Most Powerful Business People in Asia
June 13th
Fortune Magazine has a new list: The Most Powerful People in Asia. Considering that in the western r[...]
Top 7 Best-Paid Celebrities Under 30
June 10th
Forbes magazine just launched a new (and very interesting) list: The Best Paid Celebrities Under 30.[...]
Top 7 Celebrities in 2011
June 2nd
Back in February 2011 we published the list for the Top 7 Celebrities in 2010, listing the most powe[...]
Thanks much for this useful blog post.
Hello. I follow your site for some little time. But it is noted that the articles posted here are very good. Continue, I’m always waiting for new TOP7…
Just a suggestion: Most expensive domains in 2010
1 Sex.com $13,000,000 Sedo 11/17/10
2 Slots.com $5,500,000 Moniker/SnapNames 6/2/10
3 Dating.com $1,750,000 Moniker/SnapNames 6/16/10
4 Photo.com $1,250,000 Moniker/SnapNames 5/5/10
5 Flying.com $1,100,000 Privada 4/7/10
6 Zip.com $1,058,830 Moniker/SnapNames 10/27/10
7 Poker.org $1,000,000 Sedo 2/23/10
Thanks for the suggestion.
We are investigating about this topic and, for sure, we will be publishing something about it the week of March 21st.
Thanks again!
Regards
Interesting article. Who knew that ONE comment could bring that many new visitors to your site. That is amazing! I try and leave comments on blogs that I read frequently, but clearly I am not posting enough comments. After reading this I am going to make certain to post comments often.
Keep working, nice job! This was the info I needed.
This is too useful suggestions. I need to say I like reading this a lot. It helps me to become better understanding about the subject. It is all well and good written and published. I will definitely find this kind of material pretty fascinating. I really hope it is possible to supply more in the future.
Hi, I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
Real superb information can be found on web site.
Whoa. That was a great article. Please keep writing because I love your style.
42. Valuable info. Lucky me I discovered your website accidentally, and I am surprised why this accident did not came about earlier! I bookmarked it.
whoah this weblog is magnificent i really like reading your articles Keep up the good paintings! You recognize, many persons are looking around for this info, you can aid them greatly
Hi, I was quering the net and I discovered your web site. Keep up the good work.
It’s great page, I was looking for something like this
Hello There. I found your blog using MSN. This is a very well written article. I will be sure to bookmark it and return to read more of your useful information. Thanks for the post. I will definitely return.
Glad to be one of many visitants on this awe inspiring web site : D.
Great blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your theme. Kudos
Hello,
We are a blog community and we have a member that help us with the themes. If you need more information please let me know. top7site@gmail.com
Thanks