Overview

• Singapore held the most expensive ranking for the third consecutive year in Julius Baer’s 2025 Global Wealth and Lifestyle Report.
• London surged into second place, displacing Hong Kong which slipped to third as several premium items became cheaper in the former financial hub.
• Dubai advanced five spots to seventh, fueled by tax-friendly policies and a steady influx of millionaires seeking alternative wealth destinations.
• For the first time since the index’s 2020 inception, the average cost of the curated luxury-goods basket fell by 2%, led by technology price reductions.
• Business-class airfare costs bucked the overall decline, jumping 18.2% globally and underscoring uneven inflationary pressures across luxury sectors.