Sterling’s relative strength stabilizes the ranking of British cities on the global list of the most expensive places for expatriates to live.
Belfast rose by one from 149 to 148 in 2020.
List edited by Mercer Measure the comparative cost of over 200 items in 209 cities around the world.
This data can be used by employers to calculate compensation packages for employees who live and work abroad.
Kate Fitzpatrick, Global Mobility Practices Leader for Mercer in the United Kingdom and Ireland, said: “
She added: “For the past 12 months, cross-border travel has been restricted due to travel restrictions related to Covid-19, but the organization is now planning to revive its activities.
“The combination of permanent transfers, long-term and short-term missions, business travelers, and remote workers abroad has changed, but the need for and, in fact, the desire of employees with valuable and demanding skills to mobilize. Is still strong.
“The cost and quality of life that a city must provide is directly related to its attractiveness as a place to live and work.
“Multinationals are closely monitoring our data over time to ensure that they can provide compensation packages to a fair, globally competitive and internationally mobile talent pool.”
In this year’s survey, Turkmenistan’s Ashgabat was the most expensive city, pushing Hong Kong from 1st to 2nd last year and Beirut rising 42nd from 45th in 2020 to become the third highest city. ..
Tokyo was fourth.
Zurich, ranked fifth in the world rankings, remains Europe’s most expensive city, followed by Geneva (8) and Bern (10).
Paris was ranked 33rd.
New York ranked 14th, ranking as the most expensive city in the United States, down 8th from 6th last year.
Strong pounds stabilize British cities on a global list of the most expensive places to live
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