Articles avec le tag ‘most beautiful avenue in the world’

The Champs-Elysees: the most expensive shopping street in Europe

The Champs-Elysees in Paris in 2011 is again the most expensive shopping street in Europe, ahead of New Bond Street in London, and retained its fifth place worldwide, according to the annual survey of real estate consultant company Cushman & Wakefield on Thursday.

The rental value of the Champs-Elysees was up 5.3% over the last twelve months 7364 euros per square meter per year, ahead of New Bond Street, who was dethroned in 2010, but the increase was smaller this years, from 4.3% to 6901 euros per m2/year, which descends from the fourth to sixth place.

« In contrast to the decrease of 9.5% recorded last year, » the increase in rental value of the Champs-Élysées « sign a comeback of the most beautiful avenue in the world, recently hosted several openings and significant transactions « the study says, referring to the scheduled arrival of the British chain Marks and Spencer and the American clothing brand Banana Republic.
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