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

Screen Shot 2018-12-14 at 10.17.25

Stannah offers restaurant visitors full accessibility

A London restaurant is benefiting from the addition of a Stannah people-moving platform lift which enables the Grade II building to be fully accessible.

Posted in Accessibility, Articles, Building Industry News, Building Products & Structures, Lifts

  • Share
Collage_Fotor_Fotor 12.22.52

Gradus and groundwork join forces to dispel urban myths

Gradus tackles ‘urban myths’ in its community in nearby West Gorton, Manchester, following the launch of its carpet range, ‘Urban Myth’.

Posted in Articles, Building Industry News, Building Products & Structures, Floors, Garden

  • Share
Screen Shot 2018-12-13 at 12.57.03

Four new dealers to supply Pilkington ultra-thin energy-efficiency boosting units

Pilkington United Kingdom Limited, part of the NSG Group, has announced that four new dealers will be supplying Pilkington Spacia™ to customers in the UK.

Posted in Articles, Building Industry News, Building Products & Structures, Glass, Glazing, Windows

  • Share
Screen Shot 2018-12-13 at 12.31.32

C-TEC restructures and strengthens UK sales team

Life-safety systems manufacturer, C-TEC, has recently restructured its UK sales team to facilitate further growth and expansion.

Posted in Articles, Building Industry News, news, Security and Fire Protection

  • Share