Why are these the most expensive streets in the world?

Number 1
Avenue Princess Grace, Monaco $190,000 per sq/m

Number 2
Severn Road, Hong Kong $121,000 sq/m

Number 3
Fifth Avenue, New York City $80,000 per sq/m

The Avenue stretches from Washington Square in lower Manhattan, all the way up to Harlem, but the residential properties in the Upper East Side of the Avenue that attract the sky-high prices. Some apartments are likely to sell for as much as $60m at exclusive addresses like Plaza Apartments, linked to the famous Plaza Hotel, and 834 Fifth Avenue, where the press baron Rupert Murdoch bought an apartment for $44m in 2005. [from wealth-bulletin].

Regia Marinho painting regiaart.com

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