(zaman.com) - Istanbul, Turkey's largest city, ranks 15th among the world's most expensive cities, according to a new survey released on Monday in the US.
The New-York-based Mercer Human Resources Consulting looked at 144 cities around the world in March, measuring the comparative cost of more than 200 items, including housing, transportation and food, reports Trend.
Moving up three notches, the Russian capital Moscow tops the list, replacing Tokyo, and is followed by the Korean capital Seoul, which also moved past Tokyo to take second place and become the most expensive Asian city.
Moscow topped the survey due to its skyrocketing housing costs fueled by the recent property investment boom.
New York came in 10th place, up three places from last year, remaining North America's most expensive city, followed by Los Angeles and San Francisco. New York now ties with Oslo in 10th place on the list, just behind Zurich.
According to the survey, the top 10 list of the world's most expensive cities is as follows:
Moscow
Seoul
Tokyo
Hong Kong
London
Osaka
Geneva
Copenhagen
Zurich
New York- Oslo