London has most expensive construction costs in Europe, second in the world
The International Construction Costs Index published by Arcadis, analyses the relative costs of construction across 44 major cities, and also shows a crucial imbalance in London’s expensive construction market.
London is the most expensive city in Europe and the second most expensive city worldwide in which to build, according to an index from a global design and consultancy business.
At the other end the least expensive cities for construction are Taipei, Bangalore, Bangkok, Kula Lumpur, Ho Chi Min, Bucharest, Prague, Sarajevo, Sofia and Jakarta.
Overall the top city is New York, with Hong Kong in third place followed by Geneva and Macau.
Cost premiums in the top cities range from 40% to 60% in comparison with other European counterparts.