Malta is a more expensive place to reside than Britain, Italy, Germany or Spain, according to an index compiled by specialist magazine CEOWorld

The magazine said Switzerland is the most expensive place on Earth and nine of the 20 most expensive countries are located in Europe.

Switzerland is followed by Norway, Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea.

Malta places 26th in the list of 50 countries, just ahead of the UK, Italy and Germany. Malta’s index was hardest hit by high rents and the cost of eating out.

CEOWorld said it collected and reviewed data based on the cost of living, rent, groceries, eating out and purchasing power.

 

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.