Business

Belfast revealed as one of world's cheapest cities to live in

Belfast is one of the world's cheapest cities to live in according to a global index
Gareth McKeown

BELFAST is one of the world's cheapest cities to live in according to the latest global index.

Mercer's 2017 Cost of Living Survey, which covers 209 cities across five continents, ranked Belfast in 170th place, falling by 36 places from 2016.

The change came as a result of the pound weakening against against the US dollar following the Brexit vote, the index said.

The international survey measures costs in each location, including housing, transport, food, clothing, household goods and entertainment.

London remains one of the world's most expensive cities for expatriate employees and was ranked in 30th, falling 13 spots from last year.

Across the UK Aberdeen was placed 146th, dropping 61 places, while Birmingham was in 147th position, having fallen 51 places compared with last year. Glasgow, which placed 161st, fell 42 places over the 12 months.

"Currency fluctuations, including the weakening of both the British pound and the euro against the US dollar, have had a major impact on this year's rankings," said Kate Fitzpatrick, Mercer's global mobility practice leader for the UK and Ireland.

"As a result, many European cities have been driven down the ranking by around 10 to 20 places."

The costliest city in the index, driven by cost of goods and security, is Luanda in Angola, knocking Hong Kong, which was first last year, into second place in 2017. Tokyo was placed third.

Zurich, in fourth place, remains the most costly European city on the list, followed by Geneva at number seven and Bern, placed at 10.

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