No matter what city in the world you’re visiting, there are going to be some streets that are more expensive than others. When you’re exploring somewhere new, you can stumble across the more affluent streets just by turning a corner.
Whether you’re out looking for somewhere fancy for dinner or you’re wandering the surrounding area after playing a game of seven card stud in the city, you can spot the expensive streets a mile off.
However, the definition of expensive is going to change depending on what country in the world you’re visiting. But there are some streets in the world that are expensive no matter what your definition is. Whether you’re buying real estate or looking into commercial properties, there are some streets that are going to be out of reach for 99.9% of the population.
With that in mind, we’ll be taking a look through some of the most expensive streets in the world you can live on or rent out a commercial space.
Most expensive streets in the world
When it comes to commercial real estate, there are some streets across the globe with some astronomical price tags. This is where you find the fanciest shops and restaurants. The places with the red carpets outside and valet parking in cities where parking is usually sparse.
Every city in the world has their expensive areas but there are some cities in the world where the price tag is even more eye watering than usual.
- Fifth Avenue, New York
Even if you’ve never been to New York City, there’s a high chance you’ve still have heard of Fifth Avenue. This street is home to high end brands such as Louis Vuitton and the infamous Bergdorf Goodman store.
You can also find world famous hotels on Fifth Avenue such as the St Regis and The Langham. This street runs parallel to Central Park so you know the real estate is going to be top quality. At the end of Fifth Avenue, you can also find Washington Square Park so you’re never short of landmarks to look at.
- Avenue Des Champs-Élysées, Paris
Speaking of expensive, Paris has the highest number of expensive streets in Europe. Therefore it will come as no surprise that the Avenue Des Champs-Élysées is one of the most expensive streets for commercial properties in the world.
Situated alongside the world famous Arch de Triomphe, this street is home to every big fashion house you can think of. Walking down this street transports you into another world and is a treat to explore – even if you can’t afford the price tag on the items in the shops.
- Causeway Bay, Hong Kong
Moving into Asia, you can find Hong Kong’s answer to the most expensive street. Causeway Bay is the street with the top price tag for commercial rent in all of Asia and is one of the most expensive in the world.
Not only can you find luxury brands dotted all the way down this street but it is home to some of the top hotels in Hong Kong as well. You can find the Excelsior and The Regal Hong Kong Hotel on Causeway Bay making it a one stop shop for all your luxury needs.
Most expensive streets to live on in the world
There are plenty of streets across the globe that house some of the wealthiest people around. From penthouses with breath taking views, to houses with pools you could fit a standard studio inside them, let’s look at some of the most expensive streets in the world to live on.
- Avenue Princess Grace, Monaco
Named after the infamous Grace Kelly, this is one of the most expensive streets to live on in the world. Monaco is known for being a playground for the rich and famous. It houses one of the oldest and most famous casinos in the world – Casino de Monte Carlo.
These beautiful seafront properties are owned by the rich and famous and are in short supply. In fact, there is so little space on this street that properties are only available to rent out at the current time.
- Kensington Palace Gardens, London
Known as ‘Billionaire’s Row’, this street is one of the most prestigious to live on. There are a few properties situated on it alongside some foreign embassies. It’s not just renowned in London but carries its fame around the world.
Due to its fame and the price tag on the properties on the street, there are rarely any available. The most expensive property to sell on this street went for £80 million to a tycoon named Wang Jianlin.
There are some streets in the world that the vast majority of us can only dream of living on. However, there’s no harm in having a wander down them and letting your imagination run wild!