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Zurich second most expensive city in world for the wealthy

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Zurich is the second most expensive city in the world for high-net-worth individuals, behind Singapore, according to a ranking by Julius Bär bank. Zurich climbed three places compared with last year, according to the latest Julius Bär Lifestyle Index. The index calculates the cost of maintaining an “upmarket standard of living”. The main reason for the rise is said to have been the appreciation of the Swiss franc. + Switzerland’s super-rich: essential contributors or social threat? By global standards, home ownership, bicycles, handbags, healthcare services, laser eye surgery and spa treatments are particularly expensive in Zurich. Private schools, on the other hand, are comparatively affordable. Singapore remained at the top of the list as the most expensive city for high-net-worth individuals. According to the study, this was due to high costs for home ownership and vehicles, as well as the strength of the Singapore dollar. + Are most Swiss residents rich? Monaco also features in ... Full story here Are you the author?
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SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
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