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Thursday, June 23, 2016

World's most expensive cities for expats showed



Hong Kong skyline
Hong Kong is the most expensive city in the world for expatriates, pushing Luanda, capital of Angola, in the annual chart, compiled by consulting firm Mercer.

Luanda, which has consistently topped the list in recent years, fell in the rankings due to the weakening of the national currency.

Zurich and Singapore were the third and fourth on the list, unchanged from the previous year. Tokyo climbed to fifth.

The study is intended for companies to calculate allowances Expat workers.

He weighs the cost of living in 209 cities around the world, comparing the cost of over 200 items in each location, including housing, transport, food, clothing and entertainment.

Kinshasa took sixth place, speaking in the top 10 for the first time, followed by Shanghai, Geneva, N'Djamena and Beijing.

"Volatile"

Mercer said that ratings were affected by "volatile markets and stunted economic growth in many parts of the world."

least expensive cities for expatriates, according to the cost of living survey, a Namibian capital Windhoek, and then Cape Town.

In the UK, London dropped five places to 17th, Aberdeen fell seven places to 85th and Birmingham in 96th, was reduced to 16 seats. Further down the list, Glasgow fell 10 places to 119th, and Belfast was down three places to 134 th place.

A survey earlier this year, according to Economist Intelligence Unit (EIU), takes Singapore as a city in an expensive world than in Zurich, Hong Kong, Geneva and Paris.

The most expensive cities in the world for expats
1. Hong Kong 6. Kinshasa, Democratic Republic of the Congo
2. Luanda, Angola 7. Shanghai, China
3. Zurich 8. Geneva, Switzerland
4. Singapore 9. N'Djamena, Chad
5. Tokyo, Japan 10. Beijing, China
Source: Mercer

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