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London back on most expensive world expatriate cities list
| Published: | 10 Jun at 6 PM |
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A recent survey of the world’s most expensive cities for expat living has seen London once again listed in the top 50. ECA International’s latest survey revealed the UK capital’s rise of a full 40 points to 46th in the global rankings, its highest place since 2008.
The cost of an average shopping basket of goods has risen by 3.5 per cent across Britain, with London prices still higher. According to spokesman for EEC International Steven Kilfedder, the major reason for London's jump in the ratings is the strength of the pound against a number of major currencies.
Overseas companies looking to relocate staff to the British capital may need to raise the offered cost of living allowance in their expatriate packages as a result, Kilfedder adds. Unsurprisingly, Oslo is the most expensive city in Europe for expatriate living, although Venezuela’s Caracas topped the international table.
Europe’s top ten most expensive countries include Finland, the Scandinavian countries as a whole and Switzerland. Moscow dropped to 10th place from third in the region, and its global position fell from fifth to 22nd, mainly due to the rouble’s sharp falls against major currencies including sterling.
The number of Eurozone cities ranked higher this year included Paris, now in 28th place, and Frankfurt, 74th in the global list, with both movements due to the stronger euro. In the global rankings, Caracas and Oslo topped Luanda, Angola and a slew of popular European cities including Copenhagen, Basel, Bern, Zurich, Geneva and Stavanger.
South Sudan’s Juba City in ninth place was the only non-European city in the top ten, although few readers will have visited or even heard of it. It seems that the expat community worldwide will need to cut its lifestyle to suit ever-rising prices.,
The cost of an average shopping basket of goods has risen by 3.5 per cent across Britain, with London prices still higher. According to spokesman for EEC International Steven Kilfedder, the major reason for London's jump in the ratings is the strength of the pound against a number of major currencies.
Overseas companies looking to relocate staff to the British capital may need to raise the offered cost of living allowance in their expatriate packages as a result, Kilfedder adds. Unsurprisingly, Oslo is the most expensive city in Europe for expatriate living, although Venezuela’s Caracas topped the international table.
Europe’s top ten most expensive countries include Finland, the Scandinavian countries as a whole and Switzerland. Moscow dropped to 10th place from third in the region, and its global position fell from fifth to 22nd, mainly due to the rouble’s sharp falls against major currencies including sterling.
The number of Eurozone cities ranked higher this year included Paris, now in 28th place, and Frankfurt, 74th in the global list, with both movements due to the stronger euro. In the global rankings, Caracas and Oslo topped Luanda, Angola and a slew of popular European cities including Copenhagen, Basel, Bern, Zurich, Geneva and Stavanger.
South Sudan’s Juba City in ninth place was the only non-European city in the top ten, although few readers will have visited or even heard of it. It seems that the expat community worldwide will need to cut its lifestyle to suit ever-rising prices.,
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