Thursday, July 17, 2014

Caracas in Venezuela Once Again Tops List of Most Expensive Cities in the Americas and The World



Caracas has overtaken Luanda as the most expensive expat destination in the Americas and worldwide. The anticipated fall in cost of living in Venezuela has not happened, while the parallel exchange rate continues to exist it is not widely available.

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Wednesday, July 16, 2014

Moscow Moves Down and London Up in the Rankings for Europe



New cost of living data shows that Moscow has moved down the rankings and London up; while Oslo, Zurich and Geneva remain fixed as most expensive European cities for foreign workers.

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Tuesday, July 15, 2014

Monday, July 14, 2014

Singapore Loses Top Spot as Asia Pacific’s Most Expensive City




Singapore moves down one spot with Hong Kong moving up in the list of the most expensive cities in the Asia-Pacific region for foreign workers. A few changes have occurred over the last quarter however every city that was in the top ten list remains, with slight changes in position either up or down.

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Tuesday, July 1, 2014

July 2014 Cost of Living Rankings Show a Change in the Number One Spot



Caracas, Venezuela moves up to top position again this quarter as the most expensive expat destination worldwide.
The adjustment plan that investment banks in Venezuela had forecast that President Nicolás Maduro would implement which included rate unification, an increase in the gasoline price, monetary discipline and tax reform has not happened. 
End April saw public expenditure jump by 20% in real terms; while between late March and early April the central bank provided VEB 75 billion (USD 11.9 billion) in funding to state-run oil company -- Pdvsa. The parallel forex market in the country will continue to exist due to the foreign currency control which is not likely to end, resulting in the lack of forex rate unification. What other changes in ranking can be found? 

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