London is second most expensive city in the world


  • Two-bedroom apartment, on average only Tokyo is costlier than London.

  • Last year London was rated the seventh most expensive on a list of 144 international cities, behind Tokyo, Moscow, Geneva, Osaka, Hong Kong and Beijing. Appreciation of the pound against the US dollar, allied with high accommodation and transport costs, has pushed the city into second place.

  • Renting a luxury unfurnished two-bedroom apartment in London is 1,950
    pounds a month
    , compared with 840 pounds in Dublin, 1,311 pounds in Paris and 908 pounds in Rome.

  • New York, as the base city, scored 100 points, Tokyo scored 130 and London 119 points.

  • London to be among the worst capitals in Europe for quality of life

  • Madrid, Lisbon, Rome and Athens are worse off in terms of health, public
    services, transport, housing and recreation.