Tuesday, 13 March 2018

ANGOLA: Luanda Is World’s Most Expensive City

The Angolan capital Luanda has knocked Hong Kong off the top spot in an annual survey by Mercer Consulting that ranks the cost of living for expatriate workers in world cities.

The survey found the cost of renting a two-bedroom apartment suitable for expatriates in Luanda was £4,800 ($6,055) per month, while a fast food hamburger meal priced at £11.50.

It was the second time in three years that Luanda topped the survey, which compares the costs of housing, transport and clothing in 209 cities.

While Luanda rose, all UK cities fell significantly in this year’s rankings which were released on Wednesday, with 30th-ranked London dropping 13 places from 2016.

The survey suggested that the country’s vote to leave the European Union had played a role in the drop by causing the value of sterling to fall.

Mercer found that a number of African cities continue to rank high in this year’s survey, reflecting high living costs and prices of goods for experts.

Luanda is followed by Victoria in the Seychelles (14th), N’Djamena in Chad (16th), and Kinshasa in the Democratic Republic of the Congo (18th).

Lagos, the commercial capital of Nigeria, is ranked 29th and not among the top five African cities that are very expensive.

The Angolan capital Luanda has knocked Hong Kong off the top spot in an annual survey by Mercer Consulting that ranks the cost of living for expatriate workers in world cities.

The survey found the cost of renting a two-bedroom apartment suitable for expatriates in Luanda was £4,800 ($6,055) per month, while a fast food hamburger meal priced at £11.50.

It was the second time in three years that Luanda topped the survey, which compares the costs of housing, transport and clothing in 209 cities.

While Luanda rose, all UK cities fell significantly in this year’s rankings which were released on Wednesday, with 30th-ranked London dropping 13 places from 2016.

The survey suggested that the country’s vote to leave the European Union had played a role in the drop by causing the value of sterling to fall.

Mercer found that a number of African cities continue to rank high in this year’s survey, reflecting high living costs and prices of goods for experts.

Luanda is followed by Victoria in the Seychelles (14th), N’Djamena in Chad (16th), and Kinshasa in the Democratic Republic of the Congo (18th).

Lagos, the commercial capital of Nigeria, is ranked 29th and not among the top five African cities that are very expensive.

World’s 10 most expensive cities

1. Luanda, Angola

2. Hong Kong, Hong Kong

3. Tokyo, Japan

4. Zurich, Switzerland

5. Singapore, Singapore

6. Seoul, South Korea

7. Geneva, Switzerland

8. Shanghai, China

9. New York City, US

10. Bern, Switzerland

World’s 10 least expensive cities

200. Minsk, Belarus

201. Karachi, Pakistan

202. Sarajevo, Bosnia and Herzegovina

203. Monterrey, Mexico

204. Tbilisi, Georgia

205. Blantyre, Malawi

206. Windhoek, Namibia

206. Skopje, Macedonia

208. Bishkek, Kyrgyzstan

209. Tunis, Tunisia



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