Monaco – According to the Wealth Bulletin’s latest list of the World’s Expensive Streets, prices on Avenue Princesse Grace (still the priciest street in the world) have plunged by more than a third. One square meter of prime space now costs the equivalent of a mere $11,152 a square foot–down from $17,657 last year. The overall value of prime residential property on the 10 most expensive streets in the world fell 12% in the past year, the survey found, with European streets faring better than those in the U.S. and in emerging markets. The overall markets in the U.S. and London have fallen 20% or more. Here is the Bulletin’s list of the Most Expensive Streets. Caveat emptor, it is developed with luxury Realtors.
By Robert Frank, Aug 11, 2009 WSJ The Wealth Report

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