Daily Real Estate News June 19, 2007
What’s the Most Expensive City in the World?Moscow is the most expensive city in the world, according to this year’s annual Mercer Human Resource Consulting survey. London comes in second place, up from third last year. Overall, Asian cities dominated the top 10 of pricey cities. On the other hand, Asuncion, the capital of Paraguay, is the least expensive city for the fifth year in a row. Mercer surveys the cost of living in 143 cities, comparing the cost of more than 200 household items. Strong currencies dropped New York City to 15th place and Los Angeles to 42nd. No Canadian or Latin American cities were in the top 50.

Top 15 Most Expensive Cities in the World
Moscow, Russia
London, United kingdom
Seoul, South Korea
Tokyo, Japan
Hong Kong, Hong Kong
Copenhagen, Denmark
Geneva, Switzerland
Osaka, Japan
Zurich, Switzerland
Oslo, Norway
Milan, Italy
St. Petersburg, Russia
Paris, France
Singapore, Singapore
New York City, U.S.