Forbes has compiled a list of the top 10 most expensive rental markets, using data from Mercer Human Resource Consulting. Results were based on 2007 data for rental properties in the class-A market (a unit in a high-end, unfurnished building in a good part of town). The measures are taken at the median level, so as to exclude the costs of premium apartments in areas like London's Belgravia or Central Park in New York. Last year saw Moscow rents jump by 33% when adjusted for the dollar. And in a market that's still relatively cheap, such as Bangalore, India, rents have increased 87% from last year. Since 2006, monthly rents in Hong Kong, as measured by Mercer, grew from $4,898 to $6,398. In Moscow, rents rose $1,000, and in London they jumped about $900. The second-most expensive rental market on the Continent, behind Geneva, was Paris.
To see the list in full click here.
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