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Credit crunch reaches world’s most expensive streets

Posted on 23 July 2009

From Guardian: Avenue Princesse Grace in Monaco is the most expensive street in the world, with each square metre in an apartment setting you back £73,000 – or about the same as a 70-square-metre apartment on the seafront in Hastings, according to Dow Jones’ Wealth Bulletin.

But the palm-lined street, named after the Hollywood star Grace Kelly and popular with Russian oligarchs, is suffering from “la crise du credit” like everywhere else……….Full Article: Source


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