London, second most expensive city in Europe – March 2015 expatriate ranking
According to the latest worldwide ranking of the most expensive cities for expats published by EuroCost International, London is now the second most expensive city in Europe for expats.
The survey is based on prices collected in December 2014 and updated with March 2015 exchange rates; it compares expat living costs in major locations worldwide, including housing costs.
European top 3: Geneva – London – Zurich
Geneva is now the most expensive city in Europe, followed by London and Zurich.
Moscow is now only 5th, after Lausanne, whereas it was still world number one in 2014.
Swiss cities are omnipresent in the European ranking, with 5 cities among the top 10.
Scandinavian cities remain expensive and tend to maintain their position compared to last year’s ranking.
The reinforcement of the pound sterling has helped British locations progress in the ranking. Five of them now rank in the top 20: London (2nd), Oxford (13th), Birmingham (17th), Bristol (18th) and Manchester (20th).
After the severe devaluation of its currency, Kiev is now the cheapest European capital, behind Pristina and Chisinau.
The most expensive cities in Europe – March 2015
1 Geneva Switzerland
2 London United Kingdom
3 Zurich Switzerland
4 Lausanne Switzerland
5 Moscow Russia
6 Bern Switzerland
7 Basel Switzerland
8 Oslo Norway
9 Copenhagen Denmark
10 Paris France
11 Helsinki Finland
12 Istanbul Turkey
13 Oxford United Kingdom
14 Amsterdam Netherlands
15 Vienna Austria
16 Stockholm Sweden
17 Birmingham United Kingdom
18 Bristol United Kingdom
19 Rome Italy
20 Manchester United Kingdom
All details about 2015 worldwide ranking and comments by geographical area on http://www.eurocost.com/en/cost-of-living-2015.html
About EuroCost International
EuroCost International specializes in expatriation and conducts expat cost of living surveys in more than 290 locations worldwide.
Those data are used by HR professionals to calculate their expat remuneration packages.
EuroCost International cost of living indices are updated 4 times a year (in March, June, September & December). They are based on a basket of 350 goods and services representative of the consumption habits of expatriates and can be customised to fit any company’s or organisation’s salary policy. Those indices are available on a city-to-city comparison basis.
EuroCost International also provides specific reports on rental costs, school costs, business trips or on quality of life for expats.
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