That is down from 9th place last year, according to ECA International, an employee compensation consultancy.
In a press release issued on 17 January, the firm said it looked at the cost of renting “an unfurnished, mid-market, three-bedroom apartment in prime areas” of several cities across the globe.
ECA stated that:
“The research compares rental costs in accommodation in areas typically inhabited by expatriate staff in over 240 locations worldwide.”
To carry out its research:
“ECA uses a global network of estate agents, relocation agents and extensive in-house research into worldwide property markets to establish and verify the housing data in the reports.”
In this year’s study, London was by far the most expensive location in Europe, followed by Moscow. A pair of Swiss cities also featured in the top 10.
In addition, ECA reported that:
“One of the highest rent increases in Europe for expats is in Dublin, which enters the top 10 most expensive cities to rent for the first time.”
Eastern European cities such as Prague and Warsaw also saw “sharp increases in rental prices” this year.
