Most expensive cities in the world

It is done a truly historic event. London is recognized as the most expensive city in the world. This is evidenced by a study conducted by one of the world’s leading real estate agencies.
For the first time in five years the British capital managed to beat Hong Kong by rating the most expensive cities in the world. The rising cost of living in the UK capital, experts associated with the strengthening of the pound and the rise in real estate prices. Over the past 6 months the cost of housing here rose by 10.6 per cent. Meanwhile, housing prices in Hong Kong, who settled in the second position of the ranking of the most expensive cities in the world are falling.

Most expensive cities in the world

Most expensive cities in the world

Rating of the most expensive cities in the world based on the costs of renting and ownership of residential and commercial real estate. However, it does not include the price of food, transportation, gasoline and other products and services. If the rating of the most expensive cities in the world fell costs of daily life, there is, no doubt, would have been ahead of the Norwegian and Swedish cities.
Also do not forget that all expenses are in US dollars, which is why the ranking of most expensive cities in the world and influenced changes in exchange rates. For comparison, published earlier this year, the ranking of most expensive cities in the world, which takes into account the prices of more than 160 goods and services, the most expensive city became Singapore, and London ranked only 15th place. So this rating to the real estate and property only. Owning an apartment or a house in the British capital is indeed very expensive. First, the property itself in the most expensive cities in the world is very expensive, and, secondly, the land taxes are quite high.
«This ranking can be viewed from both sides, — said the director of global research — From the point of view of the investor, it means a significant increase in profits. But from the perspective of someone who wants to stay in a property in London, the British capital is becoming less attractive and becomes the most expensive cities in the world. I think not necessarily be the most expensive city in the world, so that people would live in it. But on the other hand, the city could not take first place in the rankings, if people did not want him to live. »
So, London is the most expensive city in the world and in the first place, in the second position of the most expensive cities in the world — Gongong. But third place in New York. In the past year in several rankings this American city gave a serious battle to Hong Kong, Tokyo and Singapore. Living here is too expensive. In any event, a month of money goes much higher than in Moscow.

Most expensive cities in the world

Most expensive cities in the world

With regard to the fourth place of the most expensive cities in the world, it firmly holds Paris. It should be noted that life in the French capital has risen over the past two years. Another 2011 Paris barely entered the top ten most expensive cities to live in, now in fourth place for the city, according to experts, is not the limit.
Fifth place was the most expensive cities in the world in Tokyo. The Japanese capital for the umpteenth time in a row fall into this kind of «top five.» According to experts, in the next year could be back in Tokyo, the top three most expensive cities in the world. Especially if in Hong Kong will continue to decline, housing prices and rent.

Of course, we can not say about Moscow. The capital of Russia settled on the seventh line of the most expensive cities in the world, behind Singapore and Sydney also. Completing the top 12, Dubai, Shanghai, Rio de Janeiro and Mumbai. By the way, the most dynamic of the cities that are among the 12 most overhead for a purse, for this period showed Rio de Janeiro and Sydney. But they still can not afford to compete with the most expensive cities in the world with either London or Hong Kong, or even Moscow.