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
Marshmello, Pitbull, Shaggy and Don Omar perform at the Diriyah Music Festival in Saudi Arabia
Jazeera Airways launches flights to Karachi
Emirates expecting over 500,000 arrivals into Dubai by early September
Latest Travel News
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
Peterskirche(Church of St. Peter)

Peterskirche(Church of St. Peter)

Munich, Germany

This is Munich's oldest church, built in 1180. The church also has a tall steeple that you can climb. Timings: Mon-Sat 9.00 -18.00 Sun 10.00 - 19.00 Admission: Church free Tower € 2.50 adults, € 1.50 students, € 0.50 children Tel: 089-2604828 Address: Rindermarkt 1, Near the Rathaus  ...

Metropolitan Museum

Metropolitan Museum

New York, United States

The Metropolitan Museum of Art, commonly referred to as the Met, is a world class museum.  First opened in 1870, it has one of the finest and most comprehensive art collections in the world, with over 2,000,000 pieces.  The Met is the most visited museum in the United States and one of New York City’s most popular attractions. The museum is split into 17 curatorial departments, and ...

Islamic Arts Museum Malaysia

Islamic Arts Museum Malaysia

Kuala Lumpur, Malaysia

Founded in 1998, this is a comprehensive museum dedicated to art in the Islamic world.  It is one of just a few museums dedicated solely to Islamic art, and perhaps the best.  The building itself is elegantly designed and decorated.  There are five different domes.  In the entrance hall is an inverted dome, adorned with arabesque and gilded cartouches.  While the focus is on Malaysia, there ...

St Vitus Cathedral

St Vitus Cathedral

Prague, Czech Republic

If you must see one part of Prague Castle then make it St Vitus Cathedral. Its construction began in 1344 and despite it is very Gothic in appearance it was only completed in 1929. Passing through the Golden Gate doorway adorned with its 14th century Mosaic of the Last Judgement, you’ll be given a brochure of highlights to visit. One of these is the view of Prague from the 96m tall Great Tower and...