Asian countries have attracted notice the most expensive cities in the World. The British Economist magazine described the world’s most expensive and cheapest cities to live. The most expensive cities dominated the cities of Asian countries. Istanbul rises 16 place in the alignment of the most expensive cities of the world and is among the cities showing the biggest jump.
The Economist Intelligence Unit (EUI), the research unit of The Economist magazine, has published the “Global Cost of Living 2017” report. According to the report, half of the world’s 10 most expensive cities are located in Asia; Singapore and Hong Kong retained their first two places in the sequence. Istanbul has risen from 16th place this year and became 62nd. Istanbul’s living cost index increased to 72 by 5 points.
According to the report, the majority of the world’s most expensive cities Point out in Asia. Singapore preserved the title of ‘the most expensive city’ in the top of the list of the most expensive cities, since four year. Zürich, who shared second place with Hong Kong last year, became third in the list this year. As the cities in the Asian region have become relatively more expensive in recent years, the region is receiving to 5 of the top 6 provinces in sequence. As the only city which enter the list was New York, in North America, it could be listed in the ninth place. New York became seventh last year.