Zürich

Zürich might still be home to the world's fourth-biggest stock exchange and remain Switzerland's financial engine, but it's also surprisingly vibrant and trendy. Located on a picturesque river and lake whose water you can drink, easy to get around and a stranger to the hassled lifestyle that defines bigger cities, this affluent, fashion-conscious place enjoys the finest things in life.

Hundreds of new bars, restaurants and clubs have opened since the late 1990s and, since its Street Parade overtook London's Notting Hill Carnival, Zürich now hosts Europe's largest annual street party. Its former industrial quarter brims with nightlife venues catering to a youngish crowd, and this happening 'Züri-West' district has the same buzz as Berlin's Prenzlauerberg or Mitte. The infamous 'gnomes', as the British like to call Zürich's bankers, are still here, but sometimes they can astonish you by whizzing by on a Segway scooter.

With church steeples rising against a backdrop of hills and mountains, the medieval old town will also appeal to traditionalists.