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World's most expensive street

Posted on Monday, 11 August 2008

Avenue Princess Grace in Monaco is officially the world's most expensive residential street. The leafy avenue near Larvotto beach pipped every other presitigious address in the world including The Peak in Hong Kong, Fifth Avenue in Manhattan and 'Billionaire's Row' in London. Named after the legendary Hollywood actress Grace Kelly who married into the Grimaldi dynasty in the 50's, the avenue embodies the true spirit of the French Riviera.

Monaco's status as a tax haven, stunning views of the Mediterranean, Plage Larvotto on your doorstep and some of the world's most prestigious events in the Grimaldi Forum (pictured) to entertain you make Avenue Princess Grace the street of choice for the world's wealthy elite.

Prices on the street regularly reach a mesmerising €130,000 per square metre. Now, while that may seem a touch on the pricey side, if you purchase a 50 square metre, 1 bedroom apartment, for the princely sum of €6.5m it will be offset by the fact that you will never have to pay personal income tax again! Not to mention that you'll spend your days mixing it with celebrities, tycoons, wealthy Arab sheikhs and the awe-inspiring Monegasque royals.

Recommended Link: Holiday rentals in Monaco

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