Santiago becomes the second most expensive city in South America

In Santiago, the cost of living for expatriates – employees of an organization, badigned to work in a country different from their original job- has become subtly cheaper. That's what the human resources consultant, Mercer, said in the Global Cost of Living 2018 study, an annual report aimed at multinational companies to get information about the cost of living of cities in which they send their employees and design their programs for

Around the world, this measure has positioned Santiago in 69th place, contrary to 2017, where it was in 67th place Despite the fall of two places, the capital rose to second place among the most expensive cities "In the case of Chile, the rise in South America is mainly due to the appreciation of the Chilean peso against the US dollar, in comparison with d & # 3939; Other countries in the region, however, overall it has been overtaken by other cities, so the fall of two positions, "says Agustina Bellido, Mercer Chile's product manager.

Although at the regional level, Sao Paulo has positioned itself as the most expensive city Globally, it has fallen 32 places from the previous year and stood at 58. [19659003MontevideoisthethirdmostexpensivecityinSouthAmericaafterfalling10placesintheworldrankingsOntheotherhandBuenosAiresrosefrom40to76andRiodeJaneirowasthecitywiththemostposts43intotalfrom65to99

"In South America, Virtually all cities have come down, becoming one of the most economic regions.This is important because the new digital age and the skills required can boost the processes of expatriation in companies that were in train to collapse, "says Bellido.

The Most Expensive

In its edition At number 24, the study showed that African cities, Asian, European and North Americans dominate the list of the most expensive cities for expatriates.

Hong Kong, China; Tokyo, Japan; Zurich, Switzerland; Singapore, Seoul, South Korea; and Luanda, in Angola, occupy first place in the world rankings.

American cities, as for e They fell to the extent because of a steady improvement in the European economy, which caused a fall in the dollar against other currencies. the world. New York, for example, has come down to position 13, the most expensive city in the region. San Francisco and Los Angeles won seven and twelve places respectively, while Chicago fell by twenty positions to 51st.

In Western Europe, in general, all metropolises experienced an increase in ranking due to the strengthening of the

The cheapest cities, meanwhile, were Tashkent, the capital of Uzbekistan ; Tunisia and Bishkek, the capital of Kyrgyzstan. Managua, Nicaragua; and Tegucigalpa, Honduras are also part of this segment.