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Moscow's Ostozhenka Street is world's 7th for apartments cost

December 26, 2013, 10:21 UTC+3 MOSCOW

One square meter of housing at the street costs $29,000 on the average

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© ITAR-TASS/Stanislav Krasilnikov

MOSCOW, December 26. /ITAR-TASS/. Moscow's Ostozhenka is among the world's ten most expensive streets. It is the seventh for luxury apartment costs, the Kommersant writes on Thursday.

One square meter of housing at the street costs $29,000 on the average. Despite the high rates, luxury apartments are in high demand in Moscow. This year, $3.8 billion worth of premium-class housing was sold in Moscow and the suburbs.

The first in the rating is Pollock's Path in Hong Kong, where one sq m costs $120,000 on the average. The next on the list are London's Kensington Gardens ($107,000) and Princess Grace Avenue in Monaco ($86,000). The tenth is Montaigne Avenue in Paris ($26,000).

It is the first such rating presented by the Knight Frank company.

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