Housing prices are plummeting and much of the world has been gripped by a global economic slowdown. Though the loftiest real estate bubbles might never actually burst, the air has been let out of some of the most inflated. In its annual list of most expensive streets, mens interest blog porhomme points out that the world’s priciest street  has lost 63 percent of its value in a year. [via porhomme, pic via]

  • Avenue Princesse Grace, Monaco, $120,000 per sq/m (pictured above)
  • Chemin de Saint-Hospice, Cap Ferrat, South of France, $100,000 per sq/m
  • Fifth Avenue, New York, $72,000 per sq/m
  • Kensington Palace Gardens, London, $65,000 per sq/m
  • Avenue Montaigne, Paris, $54,000 per sq/m
  • Via Suvretta, St Moritz, Switzerland, $45,000 per sq/m
  • Via Romazzino, Porto Cervo, Sardinia,$42,000 per sq/m
  • Severn Road, The Peak, Hong Kong, $40,000 per sq/m
  • Ostozhenka Street, Moscow, $35,000 per sq/m
  • Wolseley Road, Point Piper, Australia, $28,000 per sq/m