General Travel News

Top 10 Most Expensive Cities In The World – 2012

For the first time in at least two decades of reporting the worldwide cost of living survey Zurich sits atop the ranking as the world’s most expensive city.

An index swing of 34 percentage points pushed the Swiss city up 4 places compared to last year to overtake Tokyo which remains in 2nd place.

Geneva, the other Swiss city surveyed saw a 30 percentage point rise in the cost of living to move up six places into joint third alongside Osaka.

The authors of the bi-annual report said both Japan and Switzerland have seen strong currency movements over the last few years which have made them relatively more expensive.

Currency movements in Australia also explain the presence of both Sydney and Melbourne in the list of top ten most expensive cities to live.

Hong Kong, which has long been noted as an expensive place to live, is surprisingly ranked at 22, much lower than its third-placed position a decade ago.

The survey of 130 cities worldwide compares more than 400 individual prices across 160 products, including food, clothing, transport, rents and private schools.

The price of a litre of petrol for example varies hugely from city to city. In its breakdown, the EIU shows that it is $2.17 in Paris but only $0.96 in Moscow.

Despite eurozone weaknesses, western Europe still accounts for 24 of the most expensive cities in the top 50, with 14 hailing from Asia.

Top 10 Most Expensive Cities In The World – 2012

1. Zurich, Switzerland
2. Tokyo, Japan
3. Geneva, Switzerland
4. Osaka, Japan
5. Oslo, Norway
6. Paris, France
7. Sydney, Australia
8. Melbourne, Australia
9. Singapore, Singapore
10. Frankfurt, Germany

More General Travel News
Swiss Belhotel to open 4 new hotels in the GCC
Abu Dhabi and Wizz Air announce establishment of new low cost airline
Emirates touches down in Mexico City
Latest Travel News
Abu Dhabi and Wizz Air announce establis...
Emirates touches down in Mexico City...
Air Arabia named as Middle East and Afr...
Featured Sights To See
Imam Mosque

Imam Mosque

Isfahan, Iran

Address: south side of the Naqsh e Jahan Square Timings: 8am to 1130am, 1230pm to sunset, closed on Fridays Tickets: IRR 4000 The most authentic expression of Safavid architecture, and one of the most beautiful pieces of art that the Safavid Empire contributed to the Islamic world, is the Imam Mosque, also known as the Shah Mosque. Constructed between 1611 and 1638, the mosque is a...

South African Museum of Military History

South African Museum of Military History

Johannesburg, South Africa

The Museum of Military History is a small museum dedicated to the military history of South Africa and showcases items like the South African built G-6 artillery piece, to small arms, aircraft, and even a submarine!   Address: 22 Erlswold Way, Saxonwold Telephone: +27 (0)11 646 5513 Website: http://www.militarymuseum.co.za/ Opening hours: Daily 0900-1630 Admission charge &nb...

Co Luong Temple

Co Luong Temple

Hanoi, Vietnam

A small temple; it is located at the end of a small and is recognizable by the two colorfully garbed door guards flanking its entrance. Address: 28 Nguyen Sieu Street ...

Calvario Hill

Calvario Hill

Caracas, Venezuela

Address: Paseo El Calvario, Urbanización El Silencio, Caracas Timings: open daily 7am to 10pm Go for stroll though these lush gardens containing an enchanting chapel and a brilliant white stone arch, all of which were built to emulate the city of Paris. The park contains classical elements out of the gardens at Versailles, including delicate metalwork benches, gazebos, statues of eminent p...