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
Taipei now the 49th most expensive location in the world for expatriate rent.
Dublin remains the fifth most expensive for rental accommodation in Europe.
Average monthly rent in Singapore is now USD 4 233 per month, an increase of 1.4% from last year.