Taipei makes it into top 20 of world’s most expensive cities for expats

July 27, 2022 0 Comments

TAIPEI (Taiwan News) — Taipei has edged itself onto the list of the world’s top 20 most expensive cities for expats, says the data and services company ECA International.,It was only in 2020 that Taipei became the 49th most expensive location in the world for expats to rent a property. As such, the latest figures confirm that Taipei is rapidly becoming a comparatively more expensive place to live in.,Taiwan was just outside the top 20 (21) of the most expensive cities for expats in 2021. This year once again, Hong Kong was listed head of the pile.,,Bloomberg cited ECA International Regional Director for Asia, Lee Quane, as saying: “It has been the strength of the Hong Kong dollar, which is pegged to the US dollar, in the past year which has enabled it to maintain its position as the most expensive location worldwide as other currencies have weakened.”,ECA International looks at the cost of consumer goods and services, plus rental costs, in more than 490 locations worldwide. The new report ranks 207 cities in 120 countries.,According to the website Expat Arrivals, Taipei is the most expensive of Taiwan’s metropolitan areas and attracts the most expats. Rental costs for housing of NT$15-30,000 per month are considered reasonable, though buying a house is not.,The website commends Taipei for the cost and “breadth of options” when it comes to eating out. As for goods and services, these were characterized as generally “cheap” but often “poorly made,” while “imported luxury brands are costly due to high import duties.”