Angolan capital ‘most expensive city for expats’
- June 22, 2017
Luanda, the capital of Angola, has regained top spot as the world’s most expensive city for expats, pushing Hong Kong back into second place.
The claim is made in the 23rd annual cost-of-living survey carried out by the advisory firm Mercer.
Tokyo, Zurich and Singapore comprise the rest of the top five.
London has fallen to just 30th place in the rankings, partly because of the pound’s devaluation, with other big UK cities also dropping down the rankings.
“UK cities have fallen again this year as the British pound weakened before, and after, the EU referendum last summer,” said Kate Fitzpatrick of Mercer.
“However, London did not drop as far as may be expected, with steep prices keeping London as one of the most expensive cities for expatriates worldwide.
“The capital’s rental costs remain at the higher end globally and have remained stable, or increased slightly over the last year as construction cannot keep up with demand,” she added.
After London, the other most expensive UK cities were Aberdeen (146th), Birmingham (147th), Glasgow (161st) and Belfast (170th).
Source BBC Africa