Top 10 costliest cities for construction
Reseach for the Arcadis International Construction Costs 2021 report was completed during the second, and much stronger wave of the pandemic, and covered 100 cities. Encouragingly, it found most construction markets remained stable during the year, showing high levels of resilience in the face of extreme market disruption.
This year’s index varies from last year’s iteration with European cities taking the top five spots due to currency fluctuations in 2020 as well as a recovery in prices of commodities. With modest levels of inflation and some spare capacity, construction industries in most countries are well positioned to make their contribution to recovery.
Here are the top 10 ranked cities by construction costs.