most expensive cities to travel Archives - Industry Leaders Magazine Aspiring Business Leaders Worldwide Wed, 21 Sep 2022 12:58:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.industryleadersmagazine.com/wp-content/uploads/2022/09/industry_leaders_magazine__favicon-150x150.png most expensive cities to travel Archives - Industry Leaders Magazine 32 32 World’s Most Expensive Cities to Visit During Christmas https://www.industryleadersmagazine.com/worlds-most-expensive-cities-to-visit-during-christmas/ https://www.industryleadersmagazine.com/worlds-most-expensive-cities-to-visit-during-christmas/#respond Thu, 23 Dec 2021 11:30:08 +0000 https://www.industryleadersmagazine.com/?p=19610 It’s a world full of surprises and these cities amaze us with their expensive demands during Christmas.

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While we wait for the Christmas bells to ring, we need a perfect spot to celebrate the glorious occasion. You will find out what the most expensive cities are and what the best Christmas destinations are where you can spend Christmas this year. 

You will be surprised by some cities that are now among the top cities on the list. However, they all deserve attention when it comes to the selection of the best Christmas destinations. Let’s find out more about these expensive cities to travel. 

world's expensive cities
A view of Paris, France.

Paris, France

Paris might be the best place to spend Christmas this year. You will enjoy the festive season in Paris as many department stores offer discounts, most markets are filled with exceptional products, and the lights are everywhere. You will see the Eiffel Tower in its full beauty, and this is something to remember for your whole life. 

Entertainment, great shows, and attractions are an essential part of the Paris offerings during Christmas. You can wine and dine in the best restaurants or you can simply enjoy the delicious mulled wine on the streets that will make you refreshed and ready for the new year’s challenges.

Switzerland expensive cities
A view of Zurich, Switzerland.

Zurich, Switzerland

Zurich is among the most expensive cities during Christmas, and it offers some great opportunities to have a really good time. There are four Christmas markets, and here, you can enjoy the great lightning attractions, mulled wine, and delicious street foods. 

This famous Swiss city is a real Christmas attraction with the world-known chocolate treats that you can find in the local shops. In Switzerland, chocolate is the best in the world, and you should not miss an opportunity to try at least one chocolate variation among the huge choices. 

world's expensive cities to visit in Christmas
A view of Singapore.

Singapore 

Christmas is celebrated in Singapore in a surprisingly “big” style no matter the fact that only one-sixth of the population is Christian. The shopping malls are full of glittery tinsel, fairy lights, and other amazing decorations. The city is full of wonderful places that remind us of the festive season, and you can see the whole buildings dressed up in glitter and shine. 

In Singapore, there are many organizations that help the less fortunate and these organizations give various gifts to the people in need. This is a tradition in this city and it remains to be an important part of the Christmas celebration.

Christmas destinations
A view of New York.

New York

Among the most expensive cities to travel to during Christmas is one city that is on the bucket list of many people throughout the world. It is New York. In this American city, everything is shiny and spectacular in its form. During the Christmas period, the shine becomes even more visible. There is the Winter Village at Bryant Park where you can buy something at 60 shopping and food kiosks, or you can simply choose unique, handmade gifts for your family and friends.

On the other hand, you can experience the New York Botanical Garden glow. Thousands of energy-efficient LED lights cover the garden where you can see some spectacular lightning and installations. If you want to go 1,131 feet above the ground, you can go to Edge, which is the highest outdoor sky deck in the Western Hemisphere. Here, you can enjoy the spectacular view and some hot chocolate in the air. 

Final Thoughts 

We mentioned the best Christmas destinations where you can spend your Christmas this year. Each destination is unique, and each of them offers some exclusive experiences. No matter where you are, make sure that you have some great person next to you. In this way, any place will be special and any city will be the best place to spend Christmas.

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Revealed: The most expensive cities to own a house https://www.industryleadersmagazine.com/revealed-the-most-expensive-cities-to-own-a-house/ https://www.industryleadersmagazine.com/revealed-the-most-expensive-cities-to-own-a-house/#respond Mon, 20 Dec 2021 11:30:47 +0000 https://www.industryleadersmagazine.com/?p=19395 Let us look at the world’s most expensive cities to buy a home. In these cities housing costs have increased as much as 6% since the pandemic, the highest growth since 2014.

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During the coronavirus pandemic, we saw some drastic changes in the real estate market. According to the UBS Global Real Estate Bubble Index, from mid-2020 to mid-2021, the prices of homes hit a 6% increase, which is the highest growth since 2014. We wonder what the cost of buying an apartment is and which the best cities are where you can buy an apartment.

The best places to buy an apartment are those that did not increase their prices drastically during the Corona crisis. In these places, you can still find an affordable apartment that you can live in.

World’s Most Expensive Cities (2021)

Here is the list of the most expensive cities in the world when it comes to the correlation between the price of the apartment and the number of years that you need to spend working to buy an apartment.  

Most expensive apartments
Since the market prices are constantly on the rise, the buyers are deciding to buy as soon as possible.

Take a look at the list.

  • Hong Kong – 20 years 
  • Paris – 17 years 
  • London – 14 years 
  • Singapore – 13 years 
  • Tokyo – 13 years
  • Tel Aviv – 10 years
  • Moscow – 10 years 
  • Munich – 9 years
  • Amsterdam – 9 years
  • New York – 9 years
  • Stockholm – 8 years

According to the Global Real Estate Bubble Index, the prices in the mentioned cities are the highest in the world, and they continue to increase as the global pandemic affects the markets.

How Much Does an Apartment Cost to Buy

When we consider the average cost for an apartment, we take into account the cost of an apartment per square meter. In Europe, there is the euro currency that people use for transactions. Therefore, we completed the list of the cities and the average cost of one square meter described in euros. 

How much does it cost to buy an apartment?

  • London – 15,430 euros per square meter 
  • Geneva – 13,760 euros per square meter
  • Zurich – 12,880 euros per square meter 
  • Luxemburg – 11,000 euros per square meter
  • Paris – 10,300 euros per square meter
  • Munich – 9,300 euros per square meter
  • Amsterdam – 8,000 euros per square meter

When we take a look at the list above, we can see how expensive the European cities are. The situation with the rest of the cities on other continents is no different and you will pay a high price for an apartment whether you are in Hong Kong, Sidney, New York, or London

The COVID-19 effects on the house markets are visible in every area of society. The pandemic benefited house prices, and governments invested trillions of dollars as support for businesses and workers

At the same time, the officials banned repossessions and this helped the homeowners in the entire situation. In Britain, house prices surged 8.5% in 2020, and this is the highest annual growth since 2014. All of these are happening during the worst recession in the last three centuries. 

In the UK, people are panic-buying properties and they believe the prices will go higher and higher. They do not want to miss the opportunity to get an apartment at a lower price. Since the market prices are constantly on the rise, the buyers are deciding to buy as soon as possible.

As you can see from the presented list, the average cost for an apartment is pretty high in the most important cities in the world. Only the lucky ones can afford to have one home or apartment in the center of the city and one in the city suburbs.

In this manner, people can save more and afford more quality of life. For most people, having at least one property in the city area is a dream that they want to turn into reality. That is why they save money for a long time to be able to afford the cost of buying an apartment. 

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