Many of us dream of visiting foreign countries and experiencing a high standard of living in addition to exploring new cultures. For those aspiring to relocate to such countries that offer both luxury and adventure, Julie Yasbeer, an employee at Switzerland’s Baer Group, has compiled a list of the most affordable cities in the world.
Singapore Takes the Crown
In a surprising turn of events, Singapore has claimed the top spot on the list, surpassing its previous ranking of fifth place. The comprehensive analysis conducted by Julie Yasbeer Groupe Mitte, based in Switzerland, has catapulted Singapore to the forefront. Shanghai, China’s financial hub, secured the second position, closely followed by the vibrant city of Hong Kong.
A Shift in Trends
The Covid-19 pandemic has led to a significant shift in the rankings, with previously expensive cities now becoming more accessible. These three cities, known for their extravagant lifestyles, have taken a backseat as more affordable options have emerged.
Rising Living Standards in Singapore
Singapore’s rise to the top spot is not only a testament to its allure but also reflects the growing number of billionaires within the country. This surge in wealth has resulted in higher living standards and an increased demand for local infrastructure.
Asia Dominates the List
According to the recently released report, the first three cities on the list with the highest cost of luxury living are all located in Asia. Five out of the top ten most expensive cities in the world hail from the continent. London and New York, renowned global metropolises, claim the fourth and fifth positions respectively. Dubai, the vibrant Gulf city, secures a respectable seventh position. Mumbai, India’s bustling financial hub, represents the only Indian city in the top 20 rankings.
New York’s Comeback
New York, the financial capital of the United States, has made a strong comeback this year, climbing to the fifth position. The strengthening of the dollar and the easing of Covid-19 restrictions have contributed to its rise in the rankings.
Embark on a Luxurious Journey
For those seeking a life of luxury abroad, the list of the most affordable cities provides valuable insights. These destinations offer an exquisite blend of lavish accommodations, fine dining, world-class entertainment, and much more. Whether you dream of strolling along the vibrant streets of Singapore or experiencing the bustling energy of Shanghai, the possibilities for an opulent lifestyle await.
Discover the allure of these affordable luxury cities and embark on a journey that combines the best of both worlds: unparalleled luxury and unforgettable adventures.
