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
Keats House

Keats House

London, United Kingdom

Keats House is where the poet John Keats lived from 1818 to 1820, and is the setting that inspired some of his most memorable poetry.   Here, Keats wrote 'Ode to a Nightingale', and fell in love with Fanny Brawne, the girl next door. It was from this house that he travelled to Rome, where he died of tuberculosis aged just 25.   The Keats House collection is comprised of an enormous...

American University of Beirut (AUB)

American University of Beirut (AUB)

Beirut, Lebanon

The American University of Beirut (AUB) was founded in 1862 and opened in 1866 by American missionaries.  It is one of the best universities in the Middle East.  The beautiful campus is located along the north shore of Beirut’s peninsula.  There are lots of trees and shrubs, and it has even been declared a bird sanctuary.  A visitor’s center is located in the Main Gate House on Bliss Street.  Here...

Helsinki Zoo

Helsinki Zoo

Helsinki, Finland

Helsinki Zoo is famous for its exotic collection of European and Asian animals and birds that are kept in spacious natural environments so that they can be nurtured properly. The Zoo is located on Korkeasaari Island and is reachable by Water transport easily. The zoo also houses a green house with rare species of plants and flowers and a café nearby serves good snacks to refresh the tourists. It i...

Heritage Centre and Museum of Pearl Diving

Heritage Centre and Museum of Pearl Diving

Bahrain, Bahrain

The Heritage Centre and Museum of Pearl Diving commemorates the culture of pearl diving. From ancient times, Bahrain’s pearls have been famed for their shine and wholesomeness; their sale brought capital to Bahrain till Japan took over the world market with their cultured pearls. The magnificent old court building, made in 1937 and turned into a museum in 1948, is definitely worth a visit. In addi...