Global survey says prime sites beat ‘most expensive’ Switzerland

Silhouette construction

Silhouette construction

Silhouette construction

An annual report comparing construction costs and industry trends across 43 countries has placed prime London developments ahead of the world’s most expensive nation.

Switzerland tops consultancy Arcadis’ 2014 International Construction Costs Report, with Denmark in second place, and last year’s leader Hong Kong in third. The UK is ranked eighth.

But the report authors said a recovery in the UK construction market coupled with high central London specification levels, delays caused by legal frameworks and capab