Brussels 'moderately expensive' city

26th June 2006, Comments 0 comments

26 June 2006, BRUSSELS — Brussels has become relatively cheaper and is now the world's 70th most expensive city compared to its rank of 41st a year ago, according to Mercer's Worldwide Cost of Living Survey 2006.

26 June 2006

BRUSSELS — Brussels has become relatively cheaper and is now the world's 70th most expensive city compared to its rank of 41st a year ago, according to Mercer's Worldwide Cost of Living Survey 2006.

But before you go and open the champagne bottle, the bad news is that the fluctuation in rank was due to currency exchange rates and will not have an impact on expats already living in Brussels.

"The euro has weakened against a number of currencies, for example the Canadian and US dollars, reducing the cost of living for expatriates in many European countries," Mercer spokeswoman Anna Krotova said.

It means that expats moving from USD-based countries will benefit from the improved exchange rate when they move to Brussels.

However, Krotova also described Brussels as a "moderately expensive" city compared to the survey's base city of New York.

Mercer said the world's richest city is now Moscow, which replaces Tokyo at the top of the rankings. Seoul is in second place and Tokyo third. Asuncion in Paraguay remains the least expensive city in the survey.

With Moscow the most expensive city in Europe, London is the second most expensive city and ranks 5th worldwide. Other costly European cities include Geneva (7th), Copenhagen (8th) and Zurich (9th).

New York is the most expensive city in North America and climbs three places to 10th position. Toronto is the most expensive city in Canada and moves up from 82nd to 47th place.

Sao Paulo and Rio de Janeiro are the most expensive cities in Latin America moving up from 119th and 124th positions to 34th and 40th place respectively

While Seoul and Tokyo ranked second and third respectively, Hong Kong was the third Asian city to make the top five and is ranked as the world's 4th most expensive city.
 
Auckland and Wellington dropped in the rankings this year to positions 100 and 105 respectively. Sydney is still the most expensive city in the Australasia region at 19th place, while Melbourne occupies 74th place.

Mercer’s survey covers 144 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.

[Copyright Expatica News 2006]

Subject: Belgian news

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