Property News · March 21, 2017

London 'cheaper than New York or Tokyo' after pound's Brexit plunge


EIU says Singapore has world’s highest cost of living, as cities from Australia and New Zealand overtake UK capitalLondon has become the cheapest of the world’s major global centres, with the cost of living falling behind that of New York, Paris and Tokyo to its lowest level for two decades.The city’s tumble down the Economist Intelligence Unit (EIU) world rankings is almost entirely due to the Brexit-inspired 15% fall in the value of sterling since the EU referendum last year. The pound’s fall has made prices in London much cheaper for foreign visitors, although not for local residents who earn their incomes in sterling. Continue reading…

Source : theguardian.com
Read more…London ‘cheaper than New York or Tokyo’ after pound’s Brexit plunge

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