Barcelona, Madrid among top 50 expensive cities

20th June 2005, Comments 0 comments

20 June 2005, MADRID — Madrid and Barcelona are among the 50 most expensive cities in the world due to the rise of the strength of the euro, a survey has found.

20 June 2005

MADRID — Madrid and Barcelona are among the 50 most expensive cities in the world due to the rise of the strength of the euro, a survey has found.

The survey, by Mercer HR, found Tokyo is still the world's dearest city.

But analysts found Barcelona was now the most expensive Spanish city.

In world terms, it had risen from number 56 last year to 43 in the global cost of living ranking.

Madrid, meanwhile, had risen to number 46, from 61st place last year.

But both cities were comparatively cheap in comparison with other major European cities like London, which occupies second place in the global survey.

A journey on the metro or on a bus in London costs EUR 2.91 compared with EUR 1.10 in  Barcelona or EUR 1.18 in Madrid.  

A fast-food meal costs EUR 6.38 in London, while in either Spanish city it is EUR 5.80.

However, both Spanish cities are the most expensive European cities to buy a foreign newspaper or a music CD.

Moscow and Geneva are the most expensive European cities and come in fourth and sixth positions worldwide.

Thirty-two of the most dear cities were in Europe principally because of the strength of the euro, which has pushed up the price of 200 basic products.

Of 144 cities analysed, Asuncion in Paraguay is the cheapest in the world, where life in three times less expensive than Tokyo.

[Copyright EFE with Expatica]

Subject: Spanish news

 

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