![]() San Francisco recorded the largest increase in office and home rentals during 2015, rising by 13%, while both Moscow and Rio de Janeiro registered 9% price declines. The most expensive city, according to the index, was London, where it cost $112 800 (R1.7m) in home and office rental for a single person – marginally ahead of New York, but more than double the cost of other English-speaking cities like Sydney and Los Angeles. Savills estimates that last year the average cost of office and housing accommodation per worker per year in the 20 cities surveyed was $56 855 (R0.86m). The Live/Work Index aims to give prospective employers an idea of how much it would cost to maintain an employee in any given city. The list includes both established world capitals as well as up-and-coming rivals – including Johannesburg – which Savills dubs “upstarts”. The index measures the combined cost of residential and office rental per person per year in 20 prime global cities. ![]() London has once again been ranked as the most expensive city in the world to live and work, according to the latest Live/Work Index compiled by Pam Golding Properties’ strategic partner, Savills. ![]()
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