With all the doom and gloom in the housing and real estate markets you’d think prices would be affordable everywhere. Well, that’s just not true for some of the richest streets in the world.

They’ll always be the cream of the crop and you better be wearing something fancy if you even wanna take a walk down them.

Let’s take a closer look at the Wealth Bulletin’s latest list of the most expensive streets in the world.

5.) Avenue Montaigne – Paris, France = $5,046 per square foot

avenue montaigne, paris, france

In the early 18th century, this glamorous avenue in central Paris was called ‘the alley of widows’ because it was the meeting place for mourning women.

Nowadays, it’s probably better known as the alley of the mourning husbands . . . because with all the expensive shopping located here, those sugar daddies will go broke in no time! Get it? Do you see what I did there? Anyways – obviously for a street in friggin’ Paris, France to get the moniker ‘fashion avenue’ it must have some high class residents. Certainly that name is fitting when you see that Louis Vuitton, Dior and Chanel all call it home.

And if you’re like me and you could care less about that stuff, just remember this is where all the hot European models will be drawn to like moths to a light. That, along with the high price tag on property here, gets this ritzy block the #5 Most Expensive Street title.

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4.) Kensington Palace Gardens – London, UK = $7,196 per square foot

kensington palace gardens, london, england

We’ve written about this fancy block a few times in the past. Between the world’s most expensive home and many of the street’s residents building super high tech underground man-caves beneath their mansions, it’s really no surprise that the area is the 4th most expensive street in the world.

Definitely a place worth calling ‘Billionaire’s Row’ with some of the world’s wealthiest and extravagant men calling it home. Indian steel tycoon Laskhmi Mittal, Russian oil baron Leonard Blavatnik, and Chelsea Football Club owner Roman Abramovich all think this place is cat’s pajamas.

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3.) 5th Avenue – New York City, USA = $7,500 per square foot

5th avenue, new york city, new york, usa

America’s answer to the expensive street contest is none other than 5th Avenue in New York City. Along this long stretch of roadway you’ll see Washington Square Park, Harlem, Central Park, the Empire State Building, the Metropolitan Museum of Art and the Guggenheim Museum. But it’s really the wealthy Upper East Side neighborhood that gets the title for 3rd most expensive street in the world.

Fifth Ave is home to the Plaza Hotel (where Kevin checked in and totally owned bellhop Rob Schneider in Home Alone 2: Lost in New York) and the countless Sex and City Episodes that your girlfriend insists on watching everynight.

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2.) Severn Road – Hong Kong = $11,200 per square foot

severn road, hong kong, china

Severn Road lies along the affluent area of residential Hong Kong known as ‘The Peak’.

These sprawling and mountainous green hills with the dotted mansions remind me of something that MTV’s The Hills Lauren Conrad would probably have an orgasm gazing at.

You definitely can’t beat an amazingly overpriced view of some cool looking Hong Kong skyscrapers. Each mansion comes equipped with as much anime as you could possibly desire. Which is a hell of a lot, right?!

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1.) Avenue Princesse Grace – Monaco = $17,750 per square foot

avenue princess grace, monte carlo, monaco

And at last, the world’s most expensive street is named after the former Princess of Monaco – Grace Kelly, an iconic Hollywood movie star who married the wealthy Prince of Monaco (she’s your grandpa’s heart throb, no doubt).

Ever since a 4 bedroom craphole of an apartment on this street sold for $41 million, the going rate for realty is now around $17,750 per square foot. Although the views are amazing and the Mediterranean Sea is beautiful in this area, you’d be hard pressed to fulfill all your worldly desires in this little ‘country’. But if fancy stuff with a high-price is your (or that high maintenance girl of yours’) greatest pleasure, then hop on the next plane and brush up on your French kissing. Bonjour!

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Anything missing from the list? Is it all a big waste of money? Think your block is more worth the cash? Let us know in the comments section.

Check out the rest of the Top 10 Most Expensive Residential Streets at the Wealth Bulletin.