Tuesday, April 24, 2018
Jerusalem in Israel is the most expensive city for expats in the Middle East as at April 2018, followed by Doha in Qatar.
Luanda in Angola is the most expensive city in the world for an expatriate professional migrant to live in as at April 2018, followed by Hong Kong and Singapore. The top ten most expensive cities in the world comprise two from Africa, Luanda (1); Bangui (10), three from Asia-Pacific, Hong Kong (2); Singapore (3); Tokyo (8), three from Europe, Zurich (4); Oslo (5); Geneva (6), and two from America, Hamilton (7); Manhattan NY (9).
Notably, no city in the Middle East is ranked in the top 10 most expensive cities in the world.
Luanda is the most expensive city to live in the African region, and world-wide as at April 2018 and is likely to get more expensive before it gets cheaper.
In Africa, Luanda is followed by Bangui in the Central African Republic, and Freetown in Sierra Leone.
Growth in Angola should reach 5 percent in the medium-term according to Ricardo Velloso, IMF division chief for Africa. This will likely further increase the demand for premium skills, goods and services, which are already in short supply. To meet the demand for high-level skills there will be an increase in the number of expatriates deployed in Angola in the coming years to help build infrastructure and expand oil production and related industries and services. In the short-term, we expect higher demand for expatriate premium goods and services in Angola to lead to higher prices on top of the already high prices for imported goods and services. Do not expect Angola to drop out of the most expensive places list anytime soon.
Saturday, April 21, 2018
The cost of living for expatriates in Hong Kong as at 1 April 2018 is very high in comparison to other places in the world.
Hong Kong is for example 85.9% more expensive than Houston TX for groceries, 337.5% more expensive for household costs than Kuala Lumpur, and 52.1% more expensive for transport costs than Dubai.
The economy of Hong Kong is characterised by the principle of "one country, two systems", whereby Hong Kong runs on economic and political systems different from those of mainland China. Hong Kong is one of the world's leading international financial centres, with a major capitalist service economy characterized by low taxation, free trade and minimum government intervention under the ethos of positive non-interventionism.
Thursday, April 19, 2018
Hong Kong is the overall most expensive city in Asia-Pacific and is the second most expensive city in the world (after Luanda) as at April 2018.
Singapore remains the second most expensive city in the Asia-Pacific region for expatriates (3rd most expensive in the world) and tops the region rankings when costs related to housing, education, medical and transport are excluded.
Tokyo is the third most expensive city in Asia-Pacific, and 8th globally. Japanese locations have remained high in the rankings with 6 cities in the Asia-Pacific top 10 most expensive places.
Wednesday, April 18, 2018
The cost of living for expatriates / professional migrants in Singapore as at 1 April 2018 is very high in comparison to other places in the world.
Singapore remains the second most expensive city in the Asia-Pacific region for expatriates (3rd most expensive in the world) and tops the region rankings when costs related to housing, education, medical and transport are excluded. Singapore's education system, which is widely regarded as the best in the world, is also the most expensive for expatriates when priced in US Dollars, the cost of housing is also extremely high due to the limited space and premium on high quality expatriate accommodation, while the complex Certificate of Entitlement system makes car prices excessive, resulting in Singapore’s transport costs being among the highest in the world.