London becomes world’s most expensive city for construction

By Simon Morris On Thursday, January 15 th, 2015 · no Comments · In , ,

A new survey of 40 nations by global consultancy Arcadis has shown that London is the most expensive city in the world for construction. The year between the third quarter of 2012 and the third quarter of 2013 saw the value of new construction work increase 25% across the UK capital; most of which was attributed to a 75% workload rise in London’s housing sector. In property consultant Simon Morris’ opinion, this illustrates the growth that has characterised the UK capital’s residential property market throughout the past few years.

 

Read more at FT.com:

Central London tops world as most expensive city for construction

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