London world’s most expensive city

26th September 2014

Research by Savills has found that London is now the world’s most expensive city for companies to locate employees, overtaking the previous leader Hong Kong, which had topped the ranking for five years.

The index measures the total costs per employee of renting, living and working in 12 world cities. It takes into account office costs, taxes and fluctuating exchange rates. Despite its climb in the rankings – from 5th to 1st place since 2008 - London is still shy of the accommodation costs record, set by Hong Kong in 2011 at $128,000 a year. 

Financial Times (24/09/14)