Dublin remains the most expensive city in the Eurozone for expatriates when it comes to the cost of living according to a frightening new report.
Mercer's 2019 Cost of Living Survey shows that Dublin is down 11 places in the World rankings in 43rd place but is still ahead of the likes of Milan and Paris in Europe.
The report found that eight of the top ten most expensive cities for expatriates are Asian cities.
Hong Kong is the costliest city in the world following by Tokyo, Singapore, and Seoul.
Commenting on the survey results for Dublin, Senior Consultant at Mercer Noel O’Connor said: “One of the main factors influencing Dublin’s high ranking relative to other Eurozone cities, is the cost of rental accommodation.
"High demand coupled with supply constraints in the private rental market mean that expatriates may face serious problems finding appropriate rental accommodation, often the biggest cost for companies placing employees on assignment”.
New York takes ninth place on the list while London comes in at 23rd behind Copenhagen (20).
The world’s least expensive cities for expatriates are Tunis (209), Tashkent (208), and Karachi (207).
Mr O’Connor added: "Looking ahead, as the potential effects of Brexit continue to evolve, Dublin has an opportunity to expand the availability of rental accommodation to help improve its ranking.
"Nevertheless, Dublin remains an attractive location for multinational organisations”.
