If you travel often, either for business or pleasure, you might have caught yourself dreaming at least once about moving permanently to one of the places you’ve stayed in. Some might actually see this dream come true, but if you like one of the more expensive cities for travelers, it might be helpful to know that in some of them average home prices are around $1,000 per square foot.
The Economist’s Intelligence Unit (via CNN) has recently released a list of the world’s 10 most expensive cities for travelers and employees based on the cost of several essential everyday items. According to their findings, Tokyo is the most expensive city in the world. But when travelers think about becoming residents of any of these cities, it’s important to know how much they should expect to pay for a home in these cities compared to the average local earnings.
Point2Homes analysts took a look at the same cities from the home buyer’s perspective and got completely different rankings, almost opposite in some cases*. Here’s a sneak-peak: Caracas, #9 in CNN’s rankings, tops the list while Tokyo moves down 4 places.
And this is how our top 10 looks at a glance, next to CNN’s: