Dublin is more expensive than London for expats according to a Cost of Living survey published by ECA International, the Global provider of knowledge, information and software for the management and assignment of employees around the world.
ECA International has been conducting research into cost of living for more than 40 years. It carries out two main surveys per year to help companies calculate cost of living allowances so that their employees' spending power is not compromised while on international assignment.
The surveys compare a basket of like-for-like consumer goods and services commonly purchased by assignees in over 450 locations worldwide. Certain living costs, such as accommodation rental, utilities, car purchases and school fees are usually covered by separate allowances.
Dublin is now ranked number 16 on the list of priciest cities in Europe for expats, up from 22 last year. Central London is ranked number 17 in Europe.
Zurich has fallen off the global top spot this year, moving into 3rd place in the global rankings. Despite prices falling in the previous year, Swiss cities continue to top the European rankings with all ranked locations placed in the global top 10.
Tokyo is the most expensive location for expats in the World while Zurich is the most expensive location in Europe.
Commenting on the results, Production Manager at ECA International, Steven Kilfedder said, "This is the first time Central London has not featured in the top 100 since ECA’s Cost of Living rankings began. The weakened pound means that UK businesses are paying more when sending staff to work overseas, although it is cheaper to bring staff to the UK. London is now cheaper than Paris, Berlin and Brussels thanks to the weak pound."
Source: www.businessworld.ie
