London is the world's most expensive city to live in, according to the latest Prices and Earnings report from UBS Wealth Management.
The UK’s capital tops the list of most expensive cities including rents, with Dublin coming in third behind Oslo. When rents are excluded, London is third behind Oslo and Copenhagen, with Dublin in fourth place, up from 13th in 2005. Since UBS’s last global survey of prices and earnings, in early 2006, there has been a dramatic shift in the relative values of currencies. And as exchange rates move, so do relative price levels around the world. The sharply declining relative value of the dollar has pushed US cities down in the global price rankings, with New York in 18th place excluding ren...
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