Coupled with the recovery in the commodities markets over the past year, Angola, which is highly dependent on oil, could be experiencing a further uptick in expat costs of living as the economy picks up.
The sum was calculated by averaging the cost of shipping one's belongings over a distance of miles, the average distance traveled by professionals relocating for work according to Movinga. Skip Navigation. As such, multinational organizations are prudently evaluating the cost of sending their employees to international offices.
Among their key considerations is the cost of living coupled with instability in housing markets and the cost of goods and services in their countries of operation. In fact, Luanda is more expensive for expatriates than prestigious cities, such as New York, London, Tokyo, Paris, and more. The study includes cities across five continents and measures the comparative cost of more than items in each location, including housing, food, clothing, transportation, household items, and entertainment.
In the case of Luanda, several important factors have contributed to its drastic leap to the top of the list. The chief reason is the increasing demand for housing across the city, which is still recovering from years of a bloody civil war.
In a recent article published by the New Yorker , tens of thousands of American and European employees of international conglomerates have landed in Luanda over the past decade. Tokyo, Japan 4. Zurich, Switzerland 5. Singapore, Singapore 6. Seoul, South Korea 7. Geneva, Switzerland 8. Shanghai, China 9. New York City, United States Bern, Germany. It weighs up the cost of living in over cities across the world, comparing the cost of more than items in each location, including housing, transport, food, clothing and entertainment.
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