Adam Hosker

Developments Why is London the most expensive city to build in? [VIDEO]

 

 

The Economist reports that building a office block in London is 1/5th more than New York or Hong Kong.

 

Some of the issues highlighted include:

  • Foundations - Tube Tunnels, Sewers, Unexploded Bombs, Roman Artefacts
  • Narrow Streets (getting in machinery)
  • Tight Space (requires custom built machinery)
  • Medieval Street Pattern - requires none standard design.
  • Planning System - Conservation Areas, Protected Views

 

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It's not even steep, so it seems strange, but I'd wager the planning system has the most to do with the extra expense, with so many quite average buildings in conservation zones or having Listed status. Allowing a protected view from a pub to St Pauls to distort a whole office building is a bit nuts IMO.

 

Clay subsoil is something they didn't mention, difficult to build on, requiring massive piles to solid rock below. And all these need to be threaded between underground trains, cables and sewers.

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In my humble opinion,
wait till the all "brexit things" come in place.. I think then things will become even more difficult (despite that at the moments, experts say that property has become more accessible and etc.). 

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Property has always been seen as an unchanging and money-spinning investment, I suggest everybody should invest money in UK, because it is an open for investment all nationalities can buy. Most of the people that are from the UK are expats currently resident or working in other countries in Middle East, Africa, Far East and Europe.

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Its really now very important issue for us....

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