Renting an apartment in Cambridge cost on average ***** British pounds per month in July 2025. This made it one of the most expensive cities for renters in the UK after London. In London region, the average rent amounted to ***** British pounds. According to the source, this figure shows the asking rent, adjusted for achieved rents. A comparison of the rent prices of different London boroughs shows that costs may vary by several hundred and even over a thousand British pounds. Looking at the regional prices, Northern Ireland, Wales, and the Northeast emerged as the regions with the most affordable rents.

The UK housing market continued to show significant regional variations in 2025, with London maintaining its position as the most expensive city for homebuyers. The average house price in the capital stood at ******* British pounds in February, nearly double the national average. However, the market dynamics are shifting, with London experiencing only a modest *** percent annual increase, while other cities like Belfast and Liverpool saw more substantial growth of over **** percent respectively. Affordability challenges and market slowdown Despite the continued price growth in many cities, the UK housing market is facing headwinds. The affordability of mortgage repayments has become the biggest barrier to property purchases, with the majority of the respondents in a recent survey citing it as their main challenge. Moreover, a rising share of Brits have reported affordability as a challenge since 2021, reflecting the impact of rising house prices and higher mortgage rates. The market slowdown is evident in the declining housing transaction volumes, which have plummeted since 2021. European context The stark price differences are mirrored in the broader European context. While London boasts some of the highest property prices among European cities, a comparison of the average transaction price for new homes in different European countries shows a different picture. In 2023, the highest prices were found in Austria, Germany, and France.

Cost of Living Index (Excl. Rent) is a relative indicator of consumer goods prices, including groceries, restaurants, transportation and utilities. Cost of Living Index does not include accommodation expenses such as rent or mortgage. If a city has a Cost of Living Index of 120, it means Numbeo has estimated it is 20% more expensive than New York (excluding rent).

Please refer further to: https://www.numbeo.com/cost-of-living/cpi_explained.jsp for motivation and methodology.

All credits to https://www.numbeo.com .

This dataset would surely help socio-economic researchers to analyse and get deeper insights regarding the life of people country-wise.

Thanks to @andradaolteanu for the motivation! Upwards and onwards...

House prices vary widely in the United Kingdom (UK), but housing in certain cities and counties is substantially pricier than in others. Surrey, for example, concentrated four of the most expensive towns to buy a home, including Virginia Water, Cobham, and Esher. With an average house price of over *********** British pounds as of June 2024, housing in these towns cost roughly **** times the national average. How did house prices change since the COVID-19 pandemic? Since the start of the coronavirus (COVID-19) pandemic, demand for housing has been especially high, causing house prices to soar. Among major UK cities, the house price increase was most prominent in Belfast, where it rose by *** percent in 2024. According to the UK House Price Index, the average annual house price increase on a national level was even higher. How long does it take to sell a house? With the demand for housing going strong and inventory running low, aspiring homeowners need to act faster than ever when making an offer on a home. The average number of days on market has continued shortening since the start of 2021 and was a little over a month as of October 2021. Surprisingly, selling a property took the longest in the UK’s most competitive market - London.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

The degree of urbanization in the United Kingdom amounted to 84.88 percent in 2024. This shows almost a three percentage point increase over the past decade. The upward trend, though slow, has been consistently positive. What is urbanization? The rate of urbanization indicates the shift away from rural living as people come together in densely populated cities. The United Kingdom is much more urban than the worldwide average. This puts people in closer proximity to jobs, health care, stores, and social opportunities, leading to better economic, health, and social outcomes. For example, areas with higher urbanization have a higher average life expectancy at birth. The darker side of urbanization London is the United Kingdom’s largest city and arguably the financial capital of Europe. However, this economic success has led to increasingly high rental prices, which is an indication of the high cost of living in the city. The higher population density can also lead in an increase in crime. London has one of the highest homicide rates in England and Wales. In spite of these drawbacks, London continues to draw millions of overseas tourists every year.

The median annual earnings in the United Kingdom was 39,039 British pounds per year in 2025. Annual earnings varied significantly by region, ranging from 49,692 pounds in London to 34,403 pounds in the North East. Along with London, only South East England and Scotland had earnings above the UK average, at 39,983 pounds and 39,719 pounds respectively. Regional Inequality in the UK Various other indicators highlight the degree of regional inequality in the UK, especially between London and the rest of the country. Productivity in London, as measured by output per hour, was 26.2 percent higher than the UK average. By comparison, every other UK region, except the South East, fell below the UK average for productivity. In gross domestic product per head, London was also an outlier. The average GDP per head in the UK was just over 37,000 pounds in 2023, but for London it was almost 64,000 pounds. Again, the South East's GDP per head was slightly above the UK average, with every other region below it. Within London itself, there is also a great degree of inequality. In 2023, for example, the average earnings in Kensington and Chelsea were 964 pounds per week, compared with 675 pounds in Barking and Dagenham. Wages continue to grow in 2025 In March 2025, weekly wages in the UK were growing by around 5.6 percent, or 1.8 percent when adjusted for inflation. For almost two years, wages have grown faster than inflation after a long period where prices were rising faster than wages between 2021 and 2023. This was due to a sustained period of high inflation in the UK, which peaked in October 2022 at 11.1 percent. Although inflation started to slow the following month, it wasn't until June 2023 that wages started to outpace inflation. By this point, the damage caused by high energy and food inflation had led to the the worst Cost of Living Crisis in the UK for a generation.

FOCUSON**LONDON**2011:**POVERTY**:THE**HIDDEN**CITY One of the defining features of London is that it is a city of contrasts. Although it is considered one of the richest cities in the world, over a million Londoners are living in relative poverty, even before the additional costs of living in the capital are considered. This edition of Focus on London, authored by Rachel Leeser, presents a detailed analysis of poverty in London that reveals the scale and distribution of poverty in the capital. REPORT: Read the full report as a PDF. https://londondatastore-upload.s3.amazonaws.com/fol/fol11-poverty-cover-thumb.jpg" alt=""> PRESENTATION: What do we mean by living in poverty, and how does the model affect different types of families? This interactive presentation provides some clarity on a complex concept. CHARTS: The motion chart shows the relationship between child poverty and worklessness at borough level, and shows how these two measures have changed since 2006. It reveals a significant reduction in workless households in Hackney (down 12 per cent), and to a lesser extent in Brent (down 7 per cent). The bar chart shows child poverty rates and the change in child poverty since 2006. It reveals that while Tower Hamlets has the highest rate of child poverty, it also has one of the fastest falling rates (down 12 per cent), though Haringey had the biggest fall (15 per cent). Charts DATA: All the data contained within the Poverty: The Hidden City report as well as the data used to create the charts and maps can be accessed in this spreadsheet. FACTS: Some interesting facts from the data… ● Highest proportion of children in workless households, by borough, 2010 1. Westminster – 35.6% 2. Barking and Dagenham – 33.6% 3. Lewisham – 33.1% 4. Newham – 31.4% 5. Islington – 30.6% -31. Barnet – 9.1% -32. Richmond upon Thames – 7.0% ● Changes in proportions of workless households, 2006-09, by borough 1. Hackney – down 12.3% 2. Brent – down 7.3% 3. Tower Hamlets – down 4.8% 4. Lambeth – down 4.2% 5. Hillingdon – down 4.1% -31. Enfield – up 5.8% -32. Bexley – up 7.3% ● Highest reduction in rates of child poverty 2006-09, by borough: 1. Haringey – down 15.0% 2. Newham – down 12.9% 3. Hackney – down 12.8% 4. Tower Hamlets – down 12.1% 5. Southwark – down 11.5% -31. Bexley – up 6.0% -32. Havering – up 10.3%

FOCUSONLONDON2011:POVERTY:THEHIDDENCITY One of the defining features of London is that it is a city of contrasts. Although it is considered one of the richest cities in the world, over a million Londoners are living in relative poverty, even before the additional costs of living in the capital are considered. This edition of Focus on London, authored by Rachel Leeser, presents a detailed analysis of poverty in London that reveals the scale and distribution of poverty in the capital. CHARTS: The motion chart shows the relationship between child poverty and worklessness at borough level, and shows how these two measures have changed since 2006. It reveals a significant reduction in workless households in Hackney (down 12 per cent), and to a lesser extent in Brent (down 7 per cent). The bar chart shows child poverty rates and the change in child poverty since 2006. It reveals that while Tower Hamlets has the highest rate of child poverty, it also has one of the fastest falling rates (down 12 per cent), though Haringey had the biggest fall (15 per cent). DATA: All the data contained within the Poverty: The Hidden City report as well as the data used to create the charts and maps can be accessed in the spreadsheet. FACTS: Some interesting facts from the data… ● Highest proportion of children in workless households, by borough, 2010 Westminster – 35.6% Barking and Dagenham – 33.6% Lewisham – 33.1% Newham – 31.4% Islington – 30.6% -31. Barnet – 9.1% -32. Richmond upon Thames – 7.0% ● Changes in proportions of workless households, 2006-09, by borough Hackney – down 12.3% Brent – down 7.3% Tower Hamlets – down 4.8% Lambeth – down 4.2% Hillingdon – down 4.1% -31. Enfield – up 5.8% -32. Bexley – up 7.3% ● Highest reduction in rates of child poverty 2006-09, by borough: Haringey – down 15.0% Newham – down 12.9% Hackney – down 12.8% Tower Hamlets – down 12.1% Southwark – down 11.5% -31. Bexley – up 6.0% -32. Havering – up 10.3%

The average agreed rent for new tenancies in the UK ranged from *** British pounds to ***** British pounds, depending on the region. On average, renters outside of London paid ***** British pounds, whereas in London, this figure amounted to ***** British pounds. Rents have been on the rise for many years, but the period after the COVID-19 pandemic accelerated this trend. Since 2015, the average rent in the UK increased by about ** percent, with about half of that gain achieved in the period after the pandemic. Why have UK rents increased so much? One of the main reasons driving up rental prices is the declining affordability of homeownership. Historically, house prices grew faster than rents, making renting more financially feasible than buying. In 2022, when the house price to rent ratio index peaked, house prices had outgrown rents by nearly ** percent since 2015. As house prices peaked in 2022, home buying slowed, exacerbating demand for rental properties and leading to soaring rental prices. How expensive is too expensive? Although there is no official requirement about the proportion of income spent on rent for it to be considered affordable, a popular rule is that rent should not exceed more than ** percent of income. In 2024, most renters in the UK exceeded that threshold, with the southern regions significantly more likely to spend upward of ** percent of their income on rent. Rental affordability has sparked a move away from the capital to other regions in the UK, such as the South East (Brighton and Southampton), the West Midlands (Birmingham) and the North West (Liverpool, Manchester, Blackpool and Preston).

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.

The Multiply Programme, announced by the then Chancellor in 2021, was a three-year adult learning programme with an objective to increase functional numeracy levels within the adult population across the UK. The city’s wide skills disparity, combined with its population density, resulted in a total Multiply funding allocation for the GLA of £41m for the programme duration of September 2022 to March 2025, the highest for any area in England. The London Multiply programme was delivered by 56 providers, all of whom were already delivering GLA Adult Skills Fund provision. To increase awareness of, and enrolment in, London Multiply provision, £3.5m of the GLA’s Multiply allocation was reserved for activities to support engagement and growth in the learner population. This included £1.4m for community engagement and outreach, funding an expansion of the Community Outreach Programme to increase its numeracy focus, and the London Multiply Roadshow.

In addition to the ten core interventions for Multiply (both nationally and in London), London Multiply identified additional target groups, including underserved groups and those less likely to engage in adult education. These included:

■ learners for whom English is not their first language;

■ learners with special educational needs and/or disabilities; and

■ low wage earners and those most likely to be impacted by the rising cost of living

The Institute of Employment Studies were commissioned to undertake an evaluation of the London Multiply programme. The evaluation of London Multiply set out to explore the extent to which the programme achieved its aim of improving adult numeracy across the city. It also aimed to strengthen evidence on what works in delivering adult numeracy programmes, particularly for underserved communities. A range of research methods were used to explore the experiences of London Multiply from the viewpoints of different stakeholders, including classroom observations, provider interviews, surveys and focus groups. The report and executive summary sets out the key evaluation findings and provides recommendations to enhance the legacy of London Multiply.

In the Brexit referendum of 2016, almost three quarters of people who lived in Edinburgh voted to remain in the European Union. Several other major cities also had a majority of remain voters, including the English cities of London, Manchester, Liverpool, Newcastle and Leeds. In the UK’s second-largest city, Birmingham, a slight majority of people voted to leave the European Union. Across the whole of the United Kingdom, the leave side was victorious after winning the votes of 17.4 million people. Perceptions on Brexit in 2025 Since the UK left the EU in 2020, the share of people who regret Brexit has been steadily increasing. As of January 2025, 55 percent of people in Great Britain thought that Brexit was the wrong decision, compared with 30 percent who still supported the decision. Furthermore, a survey from the same month suggested that people thought Brexit had reaped few benefits. Approximately 67 percent of those surveyed thought that it had negatively impacted the cost of living, and 65 percent believing it had diminished the UK economy as a whole. By contrast, the main positive impact of Brexit was seen as the UK's control over its own laws. Demographics of Brexit voters Although several major English cities supported the UK remaining in the EU, every English region, with the exception of Greater London, voted for Brexit. While Wales also supported leave, both Scotland and Northern Ireland had a majority who supported remain. There were also noticeable divisions across age groups, with younger voters typically more likely to vote against Brexit, compared with older ones who supported it. Almost three-quarter of 18 to 24-year-olds voted Remain, compared with 60 percent of those aged 65 or over who backed Leave.

The borough with the highest property prices in London, Kensington and Chelsea, had an average price for a flat exceeding *** million British pounds. London is the most populous metropolitan area in the UK, and living in it comes with a price tag. Unsurprisingly, the most expensive boroughs in terms of real estate prices are located in the heart of the metropolis: Kensington and Chelsea, the City of Westminster, and the City of London. In Kensington and Chelsea, home to several museums such as the Natural History Museum, the Victoria and Albert Museum, and the Science Museum, as well as galleries and theaters, the average price of apartments was over a million British pounds. How have residential property prices developed in recent years? The average house price in England have risen notably over the past decade, despite a slight decline in 2023. While London continues to be the hottest market in the UK, price growth in the capital has moderated. Conversely, prices in the more affordable cities, such as Belfast and Liverpool, have started to rise at a faster pace. Are residential property prices in London expected to grow in the future? Despite property prices declining in 2024, the market is forecast to continue to grow in the next five years, according to a October 2024 forecast. Some of the reasons for this are the robust demand for housing, the chronic shortage of residential properties, and the anticipated decline in mortgage interest rates.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

In the presented European countries, the homeownership rate extended from 42.6 percent in Switzerland to as much as 95.9 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK, and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 20 euro area countries stood at 64.5 percent in 2024. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2024, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria, one of the most expensive European countries to buy a new dwelling in, the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2024, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible for heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

East Dunbartonshire, the city of Edinburgh, East Loathian and East Renfrewshire were the most xpensive regions for residential property in Scotland as of February 2025. The average house price in those regions were over 300,000 British pounds. In comparison, the average house price in Scotland was almost two times lower. Which are the most expensive streets to live in Scotland? With the average house price valued at approximately 3 million British pounds, Queen's Crescent, Auchterarder PH3 was the most expensive street for residential real estate in Scotland in 2024. This was almost twice higher than in the second-priciest street, Ann street, Edinburgh EH4. Compared to other regions in the UK, Scotland is affordable Though 3.6 million British pounds is an impressive figure, not all housing in Scotland falls in this price bracket. In fact, with an average house price of about 170,000 British pounds, Scotland is the third most affordable region for first-time home buyers. Furthermore, it has the second lowest rent to income ratio in the UK.