July 19, 2011

Istanbul Cheaper than Last Year for Expats

The cost of living in Istanbul has fallen sharply over the last year, taking the city to 70th place in a list of most expensive cities around the world, down from 44th, according to Mercer, a global human resources consulting company.


Luanda of oil-rich Angola secured its top spot in the “2011 Cost of Living” list by Mercer, which evaluated 214 cities on six continents in terms of living conditions for expatriates.

More than 200 criteria used in the evaluation included housing, transportation, food, clothes, house goods and entertainment.

Read more on Hurriyet Daily News: Istanbul Cheaper than Last Year for Expats

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