More bad news for cash-strapped Londoners (ie. everyone who isn’t a banker or a Russian Oligarch). London is the most expensive city in the world in which to live and work, according to a new survey. If you add up the combined total of housing and office rental costs to the average Londoner, the total comes to a whopping £807,000 per year.
Conducted by estate agents Savills, the survey also found that London is 18 percent more expensive than it was half a decade ago, and for the third year running tops the list of most expensive world cities ahead of New York, Hong Kong, Paris and Tokyo.
Let’s all move to Rio – it’s only number 20 on the list, AND they've got the Olympics this year.
Want more depressing news? Rent in London is nearly three times more than in Berlin and Madrid.
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