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.
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.”
Leading channel drainage systems from Gatic Civil Drainage have been installed at Rushden Lakes, the new high end shopping centre in Northamptonshire.Posted in Articles, Building Industry News, Drainage Services, Drainage, Guttering, Soffits & Fascias, Posts
Dolphin Solutions, a leading UK based manufacturer and global commercial washroom solutions provider, has announced the acquisition of FC Frost Ltd.Posted in Articles, Bathroom Accessories, Bathroom Basins, Bathroom Taps, Bathrooms & Toilets, Bathrooms, Bedrooms & Washrooms, Building Associations & Institutes, Building Industry Events, Building Industry News, Contract Opportunities, Plumbing, Posts, Recruitment
The Builders Merchant Building Index (BMBI) has made the shortlist for three Construction Marketing Awards (CMAs).Posted in Articles, Awards, Builders Merchants, Building Associations & Institutes, Building Industry Events, Building Industry News, Building Regulations & Accreditations, Posts
Polyflor, the UK’s commercial vinyl flooring specialist, has relaunched the popular Classic Mystique collection.Posted in Articles, Building Industry News, Floor Installation, Floor Refurbishment, Floor Tiles, Flooring Trade Associations, Floors, Industrial & Commercial Flooring, Innovations & New Products, Posts