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
Male Markets

Male Markets

Maldives, Maldives

The Male Fish Market is one of the most fascinating tourist destinations in Male. It is located along the beach front, to the west of the Republic Square. This area is the centre of all trading activity and is full of hustle and bustle throughout the day. The waterfront and the connecting streets in the area are swarming with shops stocked with a variety of local goods. You will see some dhonis ar...

Sarkis Cathedral

Sarkis Cathedral

Tehran, Iran

built in the late 1960s, this is a very conspicuous non-Islamic building in Tehran. It is surrounded by the Armenian quarter and a few other church buildings. Telephone: 8889 7980  ...

Killing Fields of Choeung Ek

Killing Fields of Choeung Ek

Phnom Penh, Cambodia

This site is located about 17 kilometers south of Phnom Penh. It is a former Chinese graveyard. Today, it is famous with the name ‘Killing Fields’ because during the Khmer Rouge’s regime (1975-1979) about 17000 people were executed there. After the regime collapsed, several dead bodies were found from that area. Tourists are encouraged to pay this site a visit to get a picture of Cambodia’s heart-...

Dharavi

Dharavi

Mumbai, India

Dharavi, slated to be Asia’s biggest slum, lies on prime property right in the middle of Mumbai. Some travel operators offer guided tours through Dharavi showing the residential as well as the industrial parts. This area is home to a number of small scale industries and it is interesting to see how they operate from here.  Some of these industries produce embroidered garments, export quality ...