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Rental prices in London’s prime locations set to fall, as remote working reduced property demand according to latest rental accommodation report.
The impact of Covid-19 on business travel and overseas assignments has caused monthly rents in Singapore to drop by an average of 2.0% for overseas workers.
Hong Kong retains position as most expensive accommodation for overseas workers, despite a drop of over 5% in rental costs from last year.
Strict lockdowns affect UK-wide Recreational score, causing London to drop to its lowest liveability ranking to date (55th).
Singapore is once again the most liveable location in the world for East Asian expatriates.
Hong Kong is now the 58th most liveable location, a rise of 35 places from last year.
High rental accommodation costs see London rank 6th most expensive location in the world.
Hong Kong retains the top spot despite decreasing rental prices.
Singapore falls to 14th most expensive location for overseas workers, overtaken by Danish and Swiss locations as the Singapore dollar weakens.
While most UK professionals received a better than expected 1.7 percent real salary increase this year due to low inflation, one in three companies have initiated a pay freeze.