Consultants Mercer have revealed in a survey that Belfast is the fifth costliest UK city to live in.
The list was calculated by Mercer in accordance to cost of living and rental accommodations from a survey conducted in March 2018. Exchange rates and an international basket of goods and services were also used as base measurements.
In the global table, Belfast has jumped 18 places to sit at 152 in the world ranking. It joins just 5 other UK cities in the list of 209 locations across the world- London (19), Birmingham (128), Aberdeen (134) and Glasgow (148).
Meanwhile, the cost of living table has seen Dublin overtake Paris to become the most expensive city in the eurozone. The capital city of Ireland has also jumped from 66th to 32nd in the global table- largely as a result of the strength of the euro against the US dollar.
Noel O’Connor of Mercer said all cities in the eurozone had climbed the table due to the euro’s strength against the dollar.
“The survey identifies cost pressures on expatriate rental accommodation in Dublin as the key driver of this and this in turn reflects the growth of the economy with continuing high levels of foreign direct investment,” Mr O’Connor said.