London is most expensive rentals market. With annual prices reaching €2,100 per square metre, London has overtaken Hong Kong as the most expensive real estate market in the world according to the Office Space Across the World report for 2014. With an average rent of €1,250/m²/per year, Hong Kong is second, ahead of Moscow (€1,092), Beijing (€1,027) and Tokyo (€1,003). New York is in sixth place at €993, while Paris is the second most expensive European city in the Top 10, with an average rent of €895. Singapore has broken all the records in terms of the cost of living, according to the Economist Intelligence Unit's Worldwide Cost of Living Survey. The value of its currency, combined with significant costs related to car ownership, exorbitant clothing and footwear prices, in addition to spiralling prices in public services has pushed this city-state to the top of the league. It takes over from Tokyo, which was No.1 in 2013 and has fallen to 6th place. Paris is the second most expensive city, followed by Oslo, Zurich and Sidney. (IL)