Rents push Bucharest up 7 places among worldî€™s most expensive cities
Bucharest climbed seven places in the ranking against last year, and is the only city in Romania included in the survey conducted by Mercer, one of the biggest human resources advisory firms in the world, part of the Marsh & McLennan Companies.
“The reason behind Bucharest’s move is the upward trend of the domestic currency against the US dollar, so that an expat from an American company finds it is more difficult to buy the necessary daily basket.
As for quality of life, Bucharest ranks 108th among 215 cities in the world, according to another Mercer index compiled last year.
Asuncion, Paraguay, is the cheapest city in Mercer’s survey for the sixth year on end. The top ten positions are held by European and Asian cities.
Most European cities moved up because of the strengthening of domestic currencies vs. the dollar. For instance, Prague climbed 20 places and Istanbul 15.
Europe’s cheapest city is again Sofia, Bulgaria’s capital, which ranks 97th, with a score of 76.9 points. The city used as reference for the survey was New York, which got 100 points and is the only city in the US among the top 50, ranked 22nd.
Mercer’s survey analysed 143 cities across six continents and compared the costs of more than 200 products and services in each, which included real estate, transport, clothing, food, home appliances and entertainment costs.