Rating: the most expensive cities in the world according to 2012

2024 Author: Henry Conors | [email protected]. Last modified: 2024-02-12 02:44

MNRC, a consulting firm that specializes in international business recruitment consultancy, typically compiles a ranking list of "World's Most Expensive Cities" for foreigners every year. In the process of compiling this rating, the situation in more than 200 largest cities of the world on 6 continents is taken into account. At the same time, they are evaluated according to 200 parameters, the most important of which are: geographical location, the cost of food, travel in transport, housing, clothing and medical services.

Evaluate the most expensive cities in the world also, starting from a comparison with the price of living in New York, the standard of living in which is considered basic.

So, the most expensive city in the world in 2012 is Tokyo, and the capital of Japan is located at the very first step of this rating. In second place was Luanda (Angola), in third - Osaka, another city in Japan. Fourth place was taken by Moscow, and the top five in the ranking is closed by Geneva, the most beautiful city in Switzerland.

Important movements in the ranking of "The most expensive cities in the world" are largely associated with fluctuations in the world exchange rate. So,living in most European cities has become cheaper due to the economic crisis in the European area. The most significant drop in the index of the cost of living for foreigners was recorded in Athens, which once ranked 24th, and now has moved all the way to 77th!

Conversely, many cities in the Asia-Pacific region have significantly improved their positions in the ranking of the "World's Most Expensive Cities". The largest rise was recorded in New Zealand and Australia. North America also boasts of its rise in the rankings, thanks to the US dollar, which has appreciated more than all other world currencies.

According to the full list of the rating "The most expensive cities in the world", - such places are, oddly enough, in Africa. This is rather due to the fact that the cost of living is based on a comparison of basic services, the prices of goods of certain brands that are purchased abroad in these countries, which makes them difficult to find. And that's why they are quite expensive.

For example, second-placed Luanda, the capital of Angola, has very high prices for accommodation. And all because of high inflation and the unsatisfactory state of infrastructure, which was the cause of the civil war.

The cheapest place to live for foreigners, according to MNRC, however, as last year, remains the Pakistani city of Karachi, where costs are three times lower than in Tokyo.

Well, in the first place in the ranking "The cheapest cities in the world" there were two cities at once - Mumbai and, as wealready said Karachi. On the second - Indian New Delhi, and on the third - Nepal. Bucharest and Algiers follow. They are followed by Colombo (Sri Lanka), in seventh place - Panama, in eighth - Saudi Arabia, Jeddah and Tehran.

The main criteria used to select the cheapest cities are: the cost of public transport, the cost of food, rent, clothing and utilities.