Strength of euro and GBP causes many European locations to jump in ECA International’s Cost of Living ranking.
Singapore is now the 8th most expensive location for expatriates in Asia, and 13th place globally.
Hong Kong retains position as most expensive location for overseas workers to live and work.
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.
Lee Quane, Regional Director, and Mark Harrison, Associate Director explore recent data updates that have been made to our products.
Covid-19 has caused global demand for rental properties to plummet as the impact of the pandemic continues to impede overseas assignments.
Six US cities now feature in the top 20 global rankings for rental accommodation, with three now in the top 10.
London’s rental accommodation cost has increased by £121 per month on average