Hong Kong has been named the world’s most expensive city for expats as concerns over a possible UK exit from the EU contribute to London dropping from 12th to 17th, according to an annual survey.
As a result, the British capital is now cheaper than New York, Beijing, Tokyo and Zurich. It is also more affordable than Luanda, the capital of Angola, and Chad’s capital, N’Djamena.
Now in its 22nd year, the survey covers 209 cities across five continents and is designed to help major employers work out living costs for their expatriate workers by looking at the price of more than 200 items, from housing and transport to a cup of coffee and a bottle of beer.
Contributed By Sonia Narula