With employees now being back in the office but also valuing their freedom and opportunity to work remotely, Google searches for ‘hybrid working job’ have increased by +614% with people being tempted by being able to work from anywhere in the world. Reassured has taken a closer look at 38 European cities and revealed the top cheapest cities in Europe to work from.
Since the pandemic, more companies have adjusted to remote working and despite people being back in the office, employees around the world are looking for more flexible roles. In fact, Google searches for ‘hybrid working jobs’ have increased by +614 % in the past 12 months*!
Remote workers have the freedom to choose their place of work and are often even able to work from abroad. To help those looking for a change of scenery, life insurance broker Reassured has evaluated the best cities for remote working across Europe by comparing 4 different factors.
Looking at the cost of accommodation, the number of free co-working spaces, the number of free WiFi spots and the cost of a coffee, the top 10 cheapest cities for a workcation are:
Rank | City | Country | Cost of a Coffee (EUR) | Number of Free WiFi Spots | Number of free Co-working Spaces | Daily Accommodation Rate (EUR) |
1 | Istanbul | Turkey | 1.73 | 59,176 | 45 | 69.36 |
2 | Sofia | Bulgaria | 1.75 | 4,443 | 48 | 48.96 |
3 | London | United Kingdom | 3.74 | 12,520 | 886 | 188.7 |
4 | Budapest | Hungary | 1.61 | 5,335 | 59 | 85.68 |
5 | Zagreb | Croatia | 1.76 | 2,812 | 10 | 71.4 |
6 | Bucharest | Romania | 2.35 | 3,717 | 34 | 54.06 |
7 | Madrid | Spain | 2.15 | 7,437 | 101 | 113.22 |
8 | Warsaw | Poland | 2.71 | 1,437 | 70 | 70.38 |
9 | Riga | Latvia | 2.77 | 2,188 | 21 | 66.3 |
10 | Rome | Italy | 1.47 | 4,842 | 38 | 138.72 |
Istanbul, the capital of Turkey, takes the top spot as the best city in Europe for remote working. Not only does it offer a warm climate, but also tempts with a whopping 59,176 free WiFi spots and a daily renting rate of just under €70.
Closely followed by Sofia with 48 co-working spaces and cheap rooms for €48.96.
London ranks third with a whopping 886 co-working spaces, the highest in the ranking. However, remote workers should consider that rooms are much more expensive at €188.70 per day and coffees will cost nearly €4 on average!
Bucharest, Romania, is also on the list, ranking 6th.
Not all cities can offer that many co-working spaces, but places like Madrid (7th) have 7.437 free WiFi spots and coffee cost around €2.15 on average. A potentially more unusual spot for your workcation could be Riga in Latvia. With an average daily rent price of €66.30 and 2.188 free WiFi spots, you’ll have everything you need. Rome ranks 10th with the cheapest coffees (€1.47) and 38 co-working spaces, while you can enjoy the amazing sights in your free time.
Phil Jeynes Director of Corporate Strategy at Reassured comments on the research: “With a significant increase in jobs offering employees the flexibility of working remotely, businesses can not only attract more talent but also keep their current employees motivated and encourage creativity. To ensure your income is protected, income protection insurance can be a great option in case you’re unable to work at any point due to injury or illness.”