Published: Thursday 20th of August 2009
London has dropped to the 22nd most expensive city in the world, a new survey has found.
Research from investment bank UBS suggested last year that London ranked in second place, although it has now slid down the rankings.
Oslo was named the most expensive city in the world, followed by Zurich, Copenhagen and Geneva.
Tokyo and New York also featured in the top ten, with London's fall partly owed to the struggling pound.
The recent trivago Hotel Price Index found that European hotel prices are seven per cent cheaper in comparison to July 2008.
It said that a standard double room in one of the top European cities cost £90 in July 2009, compared to £97 in July 2008.
Hotel prices in London have risen by two per cent to £134, while Geneva remains the most expensive European city at £194.
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Written by Jessica Martin
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