Most expensive cities in Europe (original) (raw)

According to ECA International, Oslo is the most expensive city in Europe FRONT PAGE
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The most expensive cities in Europe

Research by ECA International

8 December 2011: For the third year running, Oslo is the most expensive location in Europe. Globally, the Norwegian capital has risen from 6th to 2nd place. Oslo is followed by Geneva and Zurich in Switzerland. Despite the value of the Swiss franc falling against major currencies in the aftermath of the Swiss National Bank's move to set a minimum exchange rate against the euro, Swiss locations remain in the top ten most expensive locations globally. TABLE

Despite much turmoil in the eurozone, the euro has strengthened on average against other major currencies over the last year. As a result, locations in the zone have risen in the ranking, while those in the US, for example, and in locations where the currency is pegged to the US dollar, such as Hong Kong, have typically fallen.

Within Europe, Turkish locations have fallen furthest in the ranking. The capital Ankara fell 99 places between surveys, a result of a much weakened Turkish lira against major currencies.

Most expensive European cities

Research by ECA International

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