London

London drops in rankings of most expensive cities for construction

  • 20 Mar 2017

  • Share

London has dropped two places in the rankings of the world’s most expensive cities for construction.

The rankings form part of a report by Arcadis titled ‘International Construction Cost 2017: Cost Certainty in an Uncertain World’, which analyses the cost of construction in 44 of the world’s largest cities. The report maps the construction costs of 13 building types in a standardised currency and plots the high end and low end of a city’s cost profile.

London has fallen two spots to fourth place, largely due to the uncertainty surrounding Brexit, the skills shortage and the depreciation of the pound, whilst New York remains the most expensive city for construction projects by a wide margin.

Both Hong Kong and Geneva have overtaken the UK capital, whilst the top ten is rounded off with Macau, Copenhagen, Stockholm, Frankfurt, Paris and Vienna. See the full rankings below.

 x1489755978874_Top-20-most-expensive-cities-in-which-to-build x1489756248174_24-most-expensive-cities-in-which-to-build_Fotor

Commenting on the differences in cost profiles of cities, Arcadis global solutions leader, Edel Christie, said: “World cities, including London and New York, continue to be some of the most expensive locations in the world to build. However, a slowdown in the rate of global growth, led by China and the resource economies, such as Brazil and Saudi Arabia, points to wider changes affecting the world’s construction markets.”

Leave a Reply

More articles

edmund sumner - Armourcoat img

Armourcoat helps transform Chiswell Street office building

Ben Adams Architects recently used Armourcoat’s Istria polished plaster wall finish as part of the refurbishment of 4 Chiswell Street.

Posted in Building Industry News, Facades, Floors, Plaster Beads, Retrofit & Renovation, Stone Flooring, Walls

  • Share
CIBSE patron img 1

Zehnder Group becomes CIBSE patron

Indoor Climate Solutions specialist, Zehnder Group, has become a patron and corporate supporter of the Chartered Institute of Building Services Engineers.

Posted in Building Industry News, Building Regulations & Accreditations, Building Services, Contract Opportunities, Facility Management & Building Services

  • Share
Harper Chalice partnership - jacksons fencing img

Jacksons Fencing joins forces with Harper Chalice for quality perimeter security

Jacksons Fencing has joined forces with Harper Chalice, a manufacturer of Perimeter Intruder Detection Systems, to deliver the highest quality security.

Posted in Building Industry News, Fencing, Gardens & Patios, Gates, Fences and Railing, Landscaping, Security and Fire Protection, Security Screens & Staff Protection

  • Share
Polyflor - Colonia Schoolhouse Oak

Polyflor publishes Sustainability Report for 2016

Polyflor has recently published its 12th annual Sustainability Report, outlining the manufacturer’s environmental performance over the past year.

Posted in Building Industry News, Floor Installation, Floor Refurbishment, Flooring Trade Associations, Floors, Industrial & Commercial Flooring, Sustainability & Energy Efficiency, Vinyl Flooring

  • Share