Savills released its 10th annual Live/Work Index in May, with Dublin emerging as the second most expensive city in Europe when it comes to the average cost, per employee, of occupying home and office space. In the Irish capital, this measurement rose by 19 percent to €52,399. Amsterdam also climbed up the ranks, with costs steeply increasing by 29.6 percent to €51,712. In both cities rapidly rising prime residential rents have driven up overall costs. London remains Europe’s most expensive place to house and locate workers, with an average cost of €82,200. Paris is the fourth European city in the index’s top 10.
The top ten cities in Savills’ 2017–2018 Live/Work Index
Cities
Rank
Cost per employee
New York
1
€97,371
Hong Kong