Hong Kong emerges as the most expensive city to send employees to work, followed by London, according to a new study from estate agency Savills, Reuters reports.
Executive housing costs in Hong Kong climbed 7.4% in the first half of this year. Other cities that saw property prices on the rise include Moscow (5.5%), Sydney (3.7%) and London (2.8%). By contrast, prices in Paris fell 3.4%, as a result of the eurozone crisis and an increase in taxes for the affluent residents, the study finds.
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