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
Emirates expecting over 500,000 arrivals into Dubai by early September
Kazakhstan's new tourist attraction - falconry
Summer in Turkey
Latest Travel News
Kazakhstan's new tourist attraction - fa...
Summer in Turkey...
Taif Season attracts more than 750,000 v...
Featured Sights To See
What to do with children in tow

What to do with children in tow

Nice, France

Beaches  There are more than seven public and fifteen private beaches in Nice where you can take your kids to soak up the sun. The beaches are not sand but gravel. The public beaches are divided into two areas which are the free area and one where you can pay to rent chairs, mattresses, umbrellas and use changing rooms and showers.   Cost (for use of non-free area): € 10 - €...

Muzium Negara

Muzium Negara

Kuala Lumpur, Malaysia

If you want to know more about Malaysian history, then this is the place for you. The Muzium Negara (National Museum) was opened in 1963 to introduce visitors to Malaysian's rich history. Various exhibitions, the building's architectural style, and a number of craftworks are some of the things to expect when in the museum.   Jalan Damansara Tel: (03) 2282 6255. Opening hours: D...

What to do with Children in Tow

What to do with Children in Tow

Budapest, Hungary

One of the great things about Budapest is that it has an abundance of playgrounds, theme parks and roller-skating parks. One of the best theme parks is Varosliget (City Park) which has an abundance of activities to entertain children: playgrounds, the city zoo, a circus and a fairground. The Szechenyi Baths are well-liked by the older children, especially the whirlpool, and there is also rowing in...

Museum of King Abdulaziz University

Museum of King Abdulaziz University

Jeddah, Saudi Arabia

This double story museum contains a large collection of the possessions of the King Abdulaziz Address : King Abdulaziz University ...