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How Milan Surpassed London’s New Bond Street as the Top Luxury Shopping Destination
Manage episode 454237122 series 3612206
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In this episode of London Property Digest, we explore how Milan’s Via Monte Napoleone has overtaken London’s New Bond Street and New York’s Fifth Avenue to become the world’s most expensive shopping street, with annual rents reaching €20,000 per square meter. We discuss the role of fierce competition among luxury brands, affluent tourism fueled by Italy’s tax incentives, and Milan’s transformation into a global luxury hub. Learn how this rise compares to London’s luxury retail scene and its impact on global real estate and tourism.
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Originally created to keep our team at Longrad sharp and informed, we’re now sharing these insights with the wider community — offering you a fast, comprehensive London property update on the go.
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