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Shanghai has become the world’s most expensive city: high-end living costs exceed Hong Kong

Have you calculated the cost of living in your city?

On April 9, Julius Baer released the “2021 Global Wealth and High-end Life Report”, which shows that ,

World Most Expensive City are?

  1. Shanghai has replaced Hong Kong as the world’s most expensive city for high-end living, which is the so-called “most expensive city.”

  2. Ranked second is Tokyo, Japan,

  3. and Hong Kong, China, “dropped” to third from the first place last year.

In terms of regions, Asia is still the most expensive region in the world for high-end living costs, while the Americas are the cheapest.

Part of the reason is that Asia has recovered from the global epidemic crisis and the regional exchange rate has stabilized; The exchange rate has fallen, and the currencies of Latin America have fallen sharply.

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In the ranking of house prices, Monaco is the first, Hong Kong is second, and London is third.

It is reported that Baosheng Bank divides high-end life projects into 5 categories, including home (residential, car and piano), experience (machine wine, high-end dining, high-end wine whiskey), fashion (women’s shoes, men’s suits, jewelry, luxury watches, ladies) Handbags), family (boarding schools, universities, lawyers, wedding banquets) and health care (beauty services, laser vision correction, surgery and private training).

This year’s report studied the impact of the new crown epidemic on high-end consumption. In dollar terms, the luxury items with the biggest price drop were women’s shoes, with prices falling 11.7%, hotel suite prices falling 9.3%, and high-end wine prices falling 5.6%. The biggest price increase was for business class tickets, which rose by 11.4%, whiskey prices by 9.9%, and watch prices by 6.6%.

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