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A 20% rent increase cements London’s position within top five most expensive cities in the world, while a 12% increase in rental costs sees New York overtake Geneva to secure second place.
Strong currency ensures Hong Kong keeps its crown for another year.
A further rise in Singapore’s ranking was curbed by the weaker Singapore dollar against other major currencies.
Singapore has been named again as the most liveable location for expatriate workers from East Asia.
The ongoing closure of many locations in the Asia-Pacific region, including Hong Kong, has caused many locations to slide down ECA’s latest liveability rankings.
Lockdown reversals sees 71% of European cities go up in the annual global liveability ranking
ECA International has made a significant strategic investment in Global Expat Pay Limited.
London remains the 6th most expensive location in the world according to the latest Cost of Living report from ECA International.
Singapore rises two places from last year to become 12th most expensive location globally for overseas workers, and remains in top ten Asia rankings.
Hong Kong tops the rankings as the most expensive location for overseas workers.