Here is a list of the most expensive streets in the world as put together by Billionaire site. According to Yolande Barnes, head of property research at Savills houses on these streets are likely to change hands only once in a generation. “The owners of these properties are unlikely to need the cash”, said Barnes. Credit Suisse released a report according to which 10 per cent of the richest people on the planet own 86 per cent of global wealth. They are most likely the majority of the residents in these streets.

10. Ardmore Park, Singapore (Average price: 24,000 dollars sq/meter)

9. Molochnyy Pereulok, Moscow (Average price: 30,500 dollars sq/meter)

8. Avenue des Palmiers, Les Parcs de Saint-Tropez, France (Average price: 39,000 dollars sq/meter)

7. Quai d’Orléans, Paris, France  (Average price: 41,000 dollars sq/meter)

6. Wolseley Road, Point Piper, Australia (Average price: 44,000 dollars sq/meter)

5. Chemin du Sémaphore, Cap Ferrat, France (Average price: 67,000 dollars sq/meter)

4. Avenue Princesse Grace, Monaco (Average price: 100,000 dollars sq/meter)

3. Knightsbridge, London (Average price: 103,000 dollars sq/meter)

2. Upper Fifth Avenue, New York (Average price: 108,000 dollars sq/meter)

1. Peak Road, The Peak, Hong Kong (Average price: 114,000 dollars sq/meter)