Most expensive global expat cities 2017
By Kirsten Hastings, 21 Jun 17
Five Asian and three European cities were among the 10 most expensive places for expats to live, with the dubious honour of being the most expensive bestowed on the capital of Angola.
The Mercer report identified the cost of goods and security as drivers for the increasing cost of living in Luanda.
A 2015 article from the World Economic Forum identified demand and supply factors as to why the relatively obscure city is consistently ranked among the most expensive in the world.
Due to the limited supply of accommodation that expats typically chose to live in, prices tend to be significantly higher.
Coupled with a recovery in the commodities markets, the oil-rich country’s capital city could experience a further uptick in expat costs of living. This is perhaps reflected in the country’s return to the top spot, having dropped to second in the 2016 Mercer survey.
