Shanghai and Hong Kong are the 21st century what New York and San Francisco went to the XX and London and Paris to the 19th: the most expensive cities in the world.After a 2020 marked by the COVID-19, the wealth torch has passed from the United States to Asia, because, although the richest universe was not altered in terms of its purchasing power, there were notable regional variations.The World Report on Wealth and Lifestyle 2021 of the Swiss private bank Julius Bär says.
Yes, pandemic has barely changed high -level consumption habits.Luxury goods and services markets have proven to be resistant, and the most expensive cities in the world are still in Asia (for the first time this year, Shanghai has surpassed Hong Kong).
To verify it, Julius Bär has taken a basket of goods and services that reflect the lifestyle of those who have net assets of more than one million dollars (excluding first home, collectibles, consumables and consumer goods lasting), ranging fromresidential properties to laser ocular surgery, and has analyzed its values in 25 key cities.
Why the three most expensive cities in the world are in Asia
How has Asia get to that position?To begin with, Asian countries have faced the pandemic faster, and their economies are the ones that have suffered the least.China was the only world world economy that grew in 2020. So Asia Pacific remains the most expensive region, partly because of its monetary stability and price resistance.
Shanghái ocupa el primer lugar porque es la gran ciudad en auge de las últimas dos décadas. “Muchos artículos de alta gama, que van desde cintas de correr y automóviles hasta cenas de degustación y abogados, gozan de una prima sustancial sobre el promedio mundial. Estos altos precios no se ven compensados por algunas de las ofertas que se pueden encontrar en Shanghái, que incluyen zapatos y bolsos de mujer (cuyos precios relativamente más bajos se deben a la caída de los derechos e impuestos de importación)”, señala el informe.
Not only that.In addition, the United States and Europe have exchanged their positions for monetary fluctuations, although it is not impossible to imagine that this trend is rooted more.America is now the cheapest region, where two of the three most affordable cities are found, which reflects a general weakening of the US dollar against coins such as the euro.
“Once was expensive, but New York is now in the middle of the index.Vancouver (Canada), which was synonymous with disabled real estate, is now a relatively cheap place to live.In fact, nothing, except medical insurance, is particularly expensive there.The Canadian dollar has also fallen to other coins during the past year.On the contrary, Bangkok (Thailand), which was an access point for affordable tourism, is now a premium travel destination, retail and residential sale. ”
The effect of pandemic on the wealth of Europe
What about European cities?They are attractive places to visit and live, and are closer to Asia than almost all their American counterparts."The perspectives on the United States tend to be bassists, so the Western hemisphere can become even cheaper."
“Pandemia is an event that occurs once in a century and that until now it has been shown that it has little real effect on world trends in wealth.Next year, the most expensive cities in the world will probably continue to be in China and the most important consumers of high -end products will be the Chinese.Other Asian cities will suffer ups and downs, but their importance will depend largely on their place in China's orbit, ”the report ends.
The 25 most expensive cities in the world, according to Julius Bär
- Shanghái (China)
- Tokio (Japón)
- Hong Kong (China)
- Mónaco
- Taipéi (Taiwán)
- Zúrich (Suiza)
- París (Francia)
- Londres (Reino Unido)
- Singapur (Singapur)
- Nueva York (EEUU)
- Bangkok (Tailandia)
- Dubái (Emiratos Árabes Unidos)
- Milán (Italia)
- Sídney (Australia)
- Barcelona
- Manila (Filipinas)
- Fráncfort (Alemania)
- Moscú (Rusia)
- Miami (EEUU)
- Jakarta (Indonesia)
- São Paulo (Brasil)
- Bombái (India)
- México D.F. (México)
- Vancouver (Canadá)
- Johannesburgo (Sudáfrica)
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