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Survey: Angolan Capital Most Expensive City for Expats

by Rukmani Krishna on  July 25, 2013 at 11:54 PM Lifestyle News   - G J E 4
The top spot in an annual survey of the most expensive cities for expatriates was regained by the Angolan capital Luanda, followed by Moscow and Tokyo.
 Survey: Angolan Capital Most Expensive City for Expats
Survey: Angolan Capital Most Expensive City for Expats
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The survey by the Mercer consulting group is published annually to help companies assess compensation allowances for expatriate workers.

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It compares the cost of over 200 items in 214 cities, including housing, food, transport and entertainment.

After being overtaken by Tokyo in last year's survey, oil-booming Luanda returned to the top ranking this year.

"Despite being one of Africa's major oil producers, Angola is a relatively poor country yet expensive for expatriates since imported goods can be costly," Barb Marder, a senior partner at Mercer, said in a statement.

"In addition, finding secure living accommodations that meet the standards of expatriates can be challenging and quite costly."

Moscow's high costs for rentals and imported goods accounted for its second-place finish, with a luxury unfurnished two-bedroom apartment in the Russian capital costing $4,600 (3,480 euros) a month and a cup of coffee $8.29 (6.27 euros), Mercer said.

Tokyo was the third most-expensive city in the survey, followed by Chad's capital N'Djamena, Singapore, Hong Kong, Geneva, Zurich, Bern and Sydney.

Source: AFP
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