Property News · June 22, 2021

Ashgabat, wrecked by inflation, shoves aside Hong Kong as world’s costliest expatriate city


Ashgabat, the Turkmen capital with the world’s largest concentration of white marble-finished buildings, has unseated Hong Kong from its three-year perch as the most expensive urban centre on earth for expatriates, according to Mercer’s 2021 cost of living survey.The central Asian capital, where inflation slowed to 7.6 per cent last year from 13.3 per cent in 2018, surpassed Hong Kong in the top spot “primarily due to a continuing socio-economic crisis which has led to food shortages and…

Source : South China Morning Post
Read more…Ashgabat, wrecked by inflation, shoves aside Hong Kong as world’s costliest expatriate city

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