Paris vs London - 2007 report
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Paris/London benchmark
How does France compare?
1
As two of the most important economic hubs in the world, Paris and London are top-choice destinations
for international investors in Europe.
Both cities boast talented workers,...
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Paris/London benchmark
How does France compare?
1
As two of the most important economic hubs in the world, Paris and London are top-choice destinations
for international investors in Europe.
Both cities boast talented workers, productive labor forces and world-class infrastructure.
When overall
key living and business factors are compared, Paris offers many advantages over London.
It has a modern
and efficient transportation network, and is centrally located in the heart of Europe and the single
European market.
As the world's leading tourist destination (78 million tourists in 2006), France is a diverse nation, with a high
standard of living that complements the economic benefits of Paris.
The cost of setting up a business in
London has now reached a very high level, giving Paris a significant competitive edge.
7 good reasons to choose Paris over London:
> More affordable living
> Higher quality of life
> Lower apartment and housing rental prices
> Cheaper and more efficient transportation
> Less expensive office set-up costs
> Better corporate real estate prices
> Greater access to international conferences and exhibitions
Cost of living
(most expensive city index: New York City = 100)
Mercer Human Resources Consulting, Cost of Living Survey, 2006
15th
(93.
1)
5th
(110.
6)
Paris, the world's cultural capital
Mercer Human Resources Consulting, Worldwide Quality of Living Survey, 2006
1st
3rd
Average rent for a three-room, unfurnished apartment in a residential area
UBS, Prices and Earnings: A Comparison of Purchasing Power Around the Globe, 2006
$1,886 $4,380
Buying price per m2 for luxury apartments
Knight Frank and Citi Private Bank, Wealth Report 2007, May 2007
$15,876 $46,368
Average cost for a roundtrip train ticket
(2nd class traveling North-South)
www.
sncf.
fr and www.
rail.
co.
uk
$98.
5
(Paris-Lyon)
460 km
$189
(London-Liverpool)
340 km
Public transportation costs (Zones 1 and 2):
- Price of a single metro ticket
- Price of a weekly metro pass
- Price of a monthly metro pass
www.
ratp.
fr and www.
tfl.
gov.
uk
$1.
76
$20
$66
$7.
56
$46
$176
NB : Prices are in USD, with an exchange rate of $1.
26 for 1.
Paris LondonLiving
May 2007
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