Brussels cheaper then eurozone average
31 October 2005, BRUSSELS — London is the most expensive city in Europe, far ahead of Paris, Frankfurt and Brussels, research revealed on Monday.
31 October 2005
BRUSSELS — London is the most expensive city in Europe, far ahead of Paris, Frankfurt and Brussels, research revealed on Monday.
Prices for a selection of 250 products and services in London were 5.3 percent higher than the eurozone average, research presented by newspaper 'The Financial Times' indicated.
The Dresdner Kleinwort Wasserstein study of seven cities found that Paris ranked second (1.3 percent more expensive than the average), followed by Frankfurt (0.8 percent) and Brussels (0.4 percent below the average).
In Madrid, prices are 2.5 percent below the eurozone average, making it the cheapest metropolis in the eurozone. With prices 21.76 below the average, Warsaw is the cheapest European capital.
However, the study indicated that the difference in the cost of living between the large European cities is gradually declining.
The gap between Paris and Madrid was only 3.8 percent. A year ago, when the bank did the same exercise, the gap was 7.4 percent
A previous study in June named London as Europe's most expensive city, trailing on a global scale only the Japanese capital of Tokyo.
[Copyright Expatica News 2005]
Subject: Belgian news