![]() ![]() The surveys compare a basket of like-for-like consumer goods and services commonly purchased by assignees in over 500 locations worldwide, such as coffee, sugar and eggs. It carries out two main surveys per year to help companies assess living costs around the world as part of salary calculations for cross-border moves. This can largely be attributed to the weakness of the pound, which has made the country cheaper for people coming to the UK from other countries.”ĮCA International has researched the cost of living globally for 50 years. Despite these challenges, all UK cities bar London have experienced a decline in the global ranking. Steven Kilfedder, Head of Production at ECA International, said: “The cost of living crisis in the UK persists, with rising costs driven primarily by food, utilities, and housing prices. London has retained its title as the fourth most expensive location in the world for expatriates*, according to ECA International’s latest Cost of Living report, while New York overtakes Hong Kong to claim the top spot.Įlsewhere in the UK, Birmingham (115th), Cardiff (118th) and Belfast (123rd) have fallen outside the top 100 most expensive cities in the world, with Birmingham falling 16 places, just one place above St Petersburg, Russia. Inflation is high around the world driven by rapidly rising food prices.Russians fleeing possible mobilisation trigger surge in rental prices in cities like Dubai, Yerevan, Nicosia and Tbilisi.Bar London, all UK cities dropped global ranking despite ongoing cost of living crisis felt locally.Two-thirds of Eurozone cities have risen in the Cost of Living ranking, with French and Scandinavian cities immune from upward trend. ![]() Geneva remains the most expensive location in Europe and the third most expensive in the world for expatriates.Following a four-year reign, Hong Kong (2nd) loses the top spot to New York. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |