According to new data from ECA International, London remains the most expensive location for expatriate rental accommodations in Europe.
Some of the facts shared by ECA:
- Rent for professionals in London is £3,693pm more expensive than the average in Europe
- London rent (£5,398pm) is almost four times more expensive than the average rent in other major UK cities (£1,427pm)
- Dublin rental accommodation has entered the top 10 most expensive cities in Europe for the first time (£2,688pm)
- Hong Kong is the most expensive location in the world for expats to rent
So, if Brexit doesn't have you re-thinking moving talent into London, then maybe assignment housing costs will.
Although rental costs decreased in central London (zone one) this year, rent in outer London remained stable. London maintains its position in the top five most expensive for rental accommodation in the world, in fourth, followed by Moscow, Zurich, Geneva and Dublin.