Oslo, London, Copenhagen world's top three dearest cities: UBS

0 Comments | AFP, March, 2008

GENEVA (AFP) — Tourists to Europe will have to fork out more as currency fluctuations mean they will be visiting some of the world's most expensive cities, researchers from Swiss bank UBS said Tuesday.

A survey by economists at Swiss bank UBS lists Oslo, London and Copenhagen as the three most costly cities, while Dublin has crept ahead to fourth place.

By contrast, cities in the United States have become cheaper thanks to the weaker US dollar. New York now ranks at just number 18, after cities such as Tokyo, Brussels and Lyon.

"The US dollar's sharp depreciation has made New York a much more affordable place for European shoppers. London is now 26 percent more expensive," noted the researchers.

Among Asian cities, Tokyo is the most expensive,...