Early last year a review by Numbeo.com had listed Hamilton, Bermuda as the most expensive city in the world. However, presenting a starkly different view is a recently published survey is Mercer- a leading HR consultancy that claims Hong Kong to be the priciest place to live in, at least as far as expatriates are concerned.
The survey published on Wednesday outlines the rise of Asian cities as the most expensive with 8 out of the 10 ten names in the list belonging to the continent. The surprising dominance of Asia in the top ten is majorly owed to its strong housing markets. In Hong Kong alone, high demand and short supply have driven property prices as ‘unaffordable’ in the past few years. The review pointed out a noticeable decline in UK cities marked by a simultaneous rise of the USA in the list of the most expensive cities for expats working there. Similarly, the least pricey places belonged in Pakistan, Namibia, Tunisia and Uzbekistan with Tunis being the cheapest.
Find below the complete list of the Top 10 most expensive cities in the world for expatriates:
10 most expensive cities for expats
1. Hong Kong
2. Tokyo, Japan
3. Singapore
4. Seoul, South Korea
5. Zurich, Switzerland
6. Shanghai, China
7. Ashgabat, Turkmenistan
8. Beijing, China
9. New York, United States
10. Shenzhen, China
[Via:Forbes]
