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Survey reveals worlds priciest cities for expat living
| Published: | 10 Jun at 6 PM |
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As currency variations threatening expat lives across the continents and crackdowns on immigration and work permits causing relocations, a new survey has identified the world’s 10 most expensive cities.
The ECA International Survey found that Tokyo, considered the world’s most expensive city for three years, has been toppled from its unenviable number one position by Oslo, the capital of Norway. Reasons given were the high cost of labour and production in the Norwegian city, which drove prices to new heights in 2013.
A beer in a bar now costs around £11, and a ticket for a movie in an Oslo cinema will set expats back almost £16. Meals in restaurants weren’t mentioned, perhaps because very few expats can afford to eat out.
Norway’s Stavanger came in at third most expensive city, and the second most expensive was the capital of Angola, Luanda, for the high prices charged for expat necessities. Overseas workers in South Sudan’s capital, Juba, are in for a hard time as the city ranked number four.
Unsurprisingly, Moscow came in as the fifth most expensive city for expats, and those living in Tokyo will be happy to note that it’s now number six on the list. Again unsurprisingly, the last four most expensive cites in the top ten were all in Switzerland, one of the world’s smallest but wealthiest countries.
Zurich, Geneva, Basle and Bern took seventh, eight, ninth and tenth positions, and London is on the downslide just as Manila is on the up, having risen 19 places since last year’s survey. Asian cities in general, including Singapore and Hong Kong, have shown a degree of stability, only moving up or down a few points.
The ECA International Survey found that Tokyo, considered the world’s most expensive city for three years, has been toppled from its unenviable number one position by Oslo, the capital of Norway. Reasons given were the high cost of labour and production in the Norwegian city, which drove prices to new heights in 2013.
A beer in a bar now costs around £11, and a ticket for a movie in an Oslo cinema will set expats back almost £16. Meals in restaurants weren’t mentioned, perhaps because very few expats can afford to eat out.
Norway’s Stavanger came in at third most expensive city, and the second most expensive was the capital of Angola, Luanda, for the high prices charged for expat necessities. Overseas workers in South Sudan’s capital, Juba, are in for a hard time as the city ranked number four.
Unsurprisingly, Moscow came in as the fifth most expensive city for expats, and those living in Tokyo will be happy to note that it’s now number six on the list. Again unsurprisingly, the last four most expensive cites in the top ten were all in Switzerland, one of the world’s smallest but wealthiest countries.
Zurich, Geneva, Basle and Bern took seventh, eight, ninth and tenth positions, and London is on the downslide just as Manila is on the up, having risen 19 places since last year’s survey. Asian cities in general, including Singapore and Hong Kong, have shown a degree of stability, only moving up or down a few points.
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