The most expensive city to live in Europe has been named

Narjas Zatat@Narjas_Zatat
Sunday 30 October 2016 10:00
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Most MPs supported Remain - but there is evidence that a majority are now willing to vote for Article 50 and trigger exit from the EU(Picture: Gabriel Bouys/Getty)

New research into the most expensive (and the cheapest) cities in Europe have yielded interesting results.

Eurostat looked into the cost of living in European capitals. It used 'correction coefficients' - used by the European Commission to ensure that European civil servants have 'equality of purchasing power' in the EU.

Results were grim for the UK: the priciest place to live, with a value of 166.9 compared to Brussels (a fixed value of 100) is London.

Not only is London the most expensive city to live in Europe, but is the third most expensive in the world, coming behind Cayman Islands and Switzerland.

But why?

London transport is the second most expensive in the world, and the city is the third most expensive for utility costs.

Kobenhavn in Denmark comes second, and Stockholm is the third most expensive in Europe.

Conversely Sofia in Bulgaria is the cheapest city, with a value of 52.1. Bucarest in Romania is the second cheapest, followed closely by Budapest (Hungary) and Vilnius (Lithuania) both with a value of 69.

You can have a look at all the cities, with data about the economy and quality of life, below:

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