THE rise of sterling has seen prices plunge in three-quarters of the European cities surveyed for the annual Post Office Travel Money City Costs Barometer.
The increasingly powerful pound means city-breakers now have up to 22 percent more to spend than a year ago, equating to £90 extra on a £500 transaction.
For the seventh year running, Eastern European cities will offer bargain hunters the best value – taking seven of the leading ten places in the Post Office’s survey of 28 cities.
Lithuanian capital Vilnius, with the city's Dawn Gate pictured is the newest eurozone member, tops the chart after registering a fall of over 15 per cent year-on-year in the overall cost of the barometer basket.
It would have been a clean sweep for the Baltic States, were it not for Budapest, which comes in second in the City Costs Barometer chart.
Andrew Brown of Post Office Travel Money said: ‘It’s a win/win situation for UK holidaymakers this year in European cities because prices are down in the majority of cities we surveyed, thanks to the soaring value of sterling. However, prices continue to vary significantly in different cities, so it makes sense to do some holiday homework before taking the plunge and booking a capital break.’
For the third consecutive year, Stockholm is Europe’s most expensive city, although prices for UK visitors are down by more than 14 percent.
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Picture Credit: "Vilnius-Tor der Morgenröte" by Nikater - Own work via Wikimedia Commons
It would have been a clean sweep for the Baltic States, were it not for Budapest, which comes in second in the City Costs Barometer chart.
Andrew Brown of Post Office Travel Money said: ‘It’s a win/win situation for UK holidaymakers this year in European cities because prices are down in the majority of cities we surveyed, thanks to the soaring value of sterling. However, prices continue to vary significantly in different cities, so it makes sense to do some holiday homework before taking the plunge and booking a capital break.’
For the third consecutive year, Stockholm is Europe’s most expensive city, although prices for UK visitors are down by more than 14 percent.
Go Holiday news : www.govillasandcottages.co.uk
All your holiday needs: IN PRINT - ON-LINE - DiGiMAG - SMARTPHONE -TABLET - BLOG - TWITTER - G+ - FACEBOOK
Picture Credit: "Vilnius-Tor der Morgenröte" by Nikater - Own work via Wikimedia Commons
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