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29-Jul-08 11:30 [International]
Moscow most expensive for expats
A consumer consultancy firm has released its annual Cost of Living survey which revealed the gap between the least and most expensive cities for to live in is increasing, contrary to figures from 2007.
Mercer found that Moscow was the most expensive city for expatriates in a top ten dominated by European and Asian cities.
The firm used New York as the base city at 100 points, ranking Moscow at nearly 50 per cent more expensive at 142.4, which was itself nearly three times more expensive than Asuncion in Paraguay, which ranked as the cheapest option out of 143 cities, with a score of 52.5.
London was 125.0, the only British city in the top 50.
Research manager at Mercer Yvonne Traber said of the figures: "Keeping on top of the changes in expatriate cost of living is essential so companies can ensure their employees are compensated fairly and at competitive rates when stationed abroad."
Property Showrooms recently reported that the increasing cost in living was causing many people to leave the country, with its source Shelter Offshore tipping Turkey as a favourite choice for many.
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