Luxembourg City is the 11th most expensive location for rent accommodation in Europe, an annual expat survey has found.
That is down from 9th place last year, according to ECA International, an employee compensation consultancy. 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.
YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.
Commercial and Residential Real Estate Group
76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41
Facebook | Twitter | http://www.yous.eu
Add us to your address book
Copyright © 2018 Yous Real Estate Group,
All rights reserved. –