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As well as prime residential property, Fifth Avenue is also Manhattan’s luxury retail corridor, home to big names such as Tiffany & Co, Versace, Armani and Gucci, as well as luxury department stores such as Saks and Bergdorf Goodman. Knightsbridge, London Average price: US3,000 per square metre Somewhat confusingly, Knightsbridge is not only the name of a London A Road, but also the name of a tube station, as well as the city’s most prestigious neighbourhood.It’s the road we’re talking about in this case, and it is this year’s third most expensive street.

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“In the last five years, there has only been one house on Kensington Palace Gardens come to the market, in 2011, for £94 million,” adds de Keyzer.4.

Avenue Princesse Grace, Monaco Average price: US$100,000 per square metre 2014 was a record year for the Monaco residential market, and palm-tree lined Avenue Princesse Grace, which winds around the harbour-front of Monte Carlo, was no exception.

“We are seeing more Middle Eastern, northern European and UK buyers coming back to the market,” says Jean-Claude Caputo of Savills.6.

Wolseley Road, Point Piper, Australia Average price: US$44,000 per square metre After a couple of quiet years with almost no sales, the confidence has returned to Australia’s most exclusive kilometre.

Simon Smith, head of research at Savills Hong Kong, says: “Peak Road has long been the most prestigious and exclusive location on the Peak, but with its lack of large-scale developments and thin transaction volumes the street has kept a relatively lower profile than its counterparts, Severn Road, Pollock’s Path and Barker Road, until this year.”2.

Upper Fifth Avenue, New York Average price: US8,000 per square metre In the late 19th century, Upper Fifth Avenue was the street associated with New York’s aristocratic families and social elite.

This is heavily weighted by the One Hyde Park development at 100 Knightsbridge.

Here, a 1,500 square metre penthouse sold for £140 million in April 2014.

Jocelyn Wildenstein, 75, is as well known for her immense divorce settlement as she is for her looks.

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