Sunday 25 June 2017

Dublin second most expensive city in Eurozone for expats

The Ha'penny Bridge in Dublin
The Ha'penny Bridge in Dublin

Dublin is the second most expensive city for Eurozone for foreign workers to live in, according to a new study.

Rises in rents have seen the capital rise 20 places in the last three years in the global study, released by consultants Mercer.

Paris is the only Eurozone city ranked higher.

"As the economy has improved, greater foreign direct investment has put increased pressure on the availability of rental accommodation for expatriates in Dublin," Mercer Ireland principal Noel O'Connor said.

The survey is designed to help companies tailor remuneration packages for staff depending on which city employees live in.

"Global mobility is a significant undertaking for multinational companies to ensure they can facilitate the moves they need to drive business results by offering fair and competitive compensation packages.  A real understanding of the issues and cost involved is essential," Mr O'Connor added.

 

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