Foreign money volatility additionally performed a job within the rating, making the Turkish and Russian capitals of Istanbul and Moscow extra reasonably priced. Alternatively, London climbed up the rating because the British pound rebounded from extended volatility fuelled by Brexit.
Financial sanctions imposed on Russia additionally impacted the price of dwelling in its cities, with Moscow among the many cities shifting probably the most locations down the size.
Tel Aviv was the one Center Japanese hub to be ranked among the many ten most costly cities on the planet. Elsewhere within the area, Istanbul plummeted 48 locations to 120th place – a results of its “uncontrollably excessive inflation,” the EIU stated.
A rising variety of cities, together with Syrian capital Damascus and Caracas, Venezuela, have been turning into cheaper as a result of political instability and infrastructural points.