Russia’s invasion of Ukraine has had noteworthy effects on many of Europe’s rental markets, as nationals and expatriates fled both Ukraine and Russia.
Recent changes in bank interest rates and tax laws implemented in 2020 are two of the biggest factors that fuel the rental market change for all payment systems in South Korea.
Every quarter AIRINC provide a data points update on our cost of living research including housing, goods & services, tax and research locations.
Over the last two years, Seoul and Singapore have faced tremendous changes in their housing rental markets.
Rents in and around London increased throughout Q1 and Q2 and are now noticeably higher than pre-pandemic levels. As demand outstrips supply, rents bounced back at historic rates since their pandemic low point in Q1 2021.
Calgary’s desirability is growing fast, causing quick movement in the housing market. With low cost of living, an up-and-coming tech sector, and loosened COVID-19-related travel restrictions, Calgary is a popular destination for both domestic movement and international assignees.
Like other urban cities across the United States, San Francisco’s rental market took a big hit as many people in the tech hub changed their residence during the work-from-home policies of the pandemic.
Like most places around the world, St. John’s, Newfoundland, Canada and Labrador was affected by the COVID-19 pandemic.
Flexible work arrangements are nothing new as working from home for one or two days a week has been a long-standing benefit for many office-based workers, such as those in professional services.
