World's top shopping street: Fifth Avenue, NY

New York’s Fifth Avenue has retained its top position as the world’s most expensive shopping street in the world, according to Main Streets Across the World. An average 93 m² unit on Fifth Avenue, at its most expensive stretch near the junction with 57th Street, now costs around €1.07 million a year.

Ranking 2006 (top 10):

1 USA, New York,5th Avenue

2 Hong Kong , Hong Kong, Causeway Bay

3 France, Paris, Avenue des Champs Elysées

4 UK, London, New Bond Street

5 Japan, Tokyo, Ginza

6 Ireland, Dublin, Grafton Street

7 Switzerland, Zurich, Bahnhofstrasse

8 Australia , Sydney, Pitt Street Mall

9 South Korea, Seoul, Myeongdong

10 Germany, Munich, Kaufingerstraße

The world ranking sees little movement at the top, with Hong Kong (Causeway Bay) retaining its second place and Paris (Avenue des Champs Elysées) its third place. The biggest riser is the Indian capital of New Delhi, with the most expensive location being Khan Market, having gone up 17 places to now be in 24th place.

(from an annual report by Cushman & Wakefield)