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Milan’s Via Monte Napoleone becomes world’s most expensive shopping street
Rental growth and euro’s strength against dollar help a European street to top of list for first time in 34 years
If the names Fendi, Dior and Valentino were rubbed from the shop fronts, Milan’s Via Monte Napoleone could pass for a slightly fancier than average street in the northern Italian style capital, with the typical jostle of vans and Vespas alongside Porsches, tourists and residents. Photograph: Bloomberg/Getty ImagesThe street is more low-key than nearby Galleria Vittorio Emanuele II, the 19th-century glass-topped shopping mall containing many of the same names; it may be more more Instagram-worthy, but it seems the compact Via Monte Napoleone is where the real money is spent. Other streets might not be in the running for the top spot just yet, but are nevertheless doing well when judged by rental growth, from Váci utca in Budapest, Omotesando in Tokyo and Midosuji in Osaka to the Design District in Miami and Indiranagar 100 Feet Road in Bengaluru.
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