London 2nd most expensive city in world to rent property

The commercial property company CBRE has released its Global Living Report 2016, which reveals the most expensive cities in the world to rent a property.

To determine the findings of its second annual report, CBRE analysed the property market in 35 large global cities, looking at the average monthly rent for a two-bedroom apartment in each, as well as the cost of other living expenses including basic utilities (such as electricity and heating), petrol, a gallon of milk, and dining out.

Of the 35 cities included in the study, here are the 10 most expensive places to rent.

10. Miami — £1,420
9. Hong Kong — £1,490
8. Dubai — £1,642
7. Milan — £1,737
6. New York City — £1,841
5. Rome — £1,898
4. Los Angeles — £1,933
3. Abu Dhabi — £1,944
2. London — £2,136
1. Singapore — £2,250

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