Thought Limassol rents were expensive? Try Luanda! Angola’s capital is right up there with Shanghai as one of the costliest places in the world for expats. And it comes down to the old supply and demand problem. One third of this African country’s 33 million residents live in Luanda, housing – especially of the type that expats prefer – is limited. Once known for its dreadful civil war the fragile peace that has reigned since 2002 has led to a population boom.