A report from Turner & Townsend says it costs more to build in Manchester than Paris, Singapore or Berlin.
The International Construction Market Survey looked at the cost of materials, labour and more in 90 global markets. Turner & Townsend then looked at the average cost of four different building types: CBD offices of up to 20 floors, large shopping centres, large warehouse distribution centres and medium-sized townhouses.
Manchester’s construction costs came in at £1,687 per sqm, making it the 24th most expensive city in the world for construction, according to the survey.
For perspective, Paris’ costs were listed as £1,602 per sqm. Singapore’s costs were £1,499 per sqm and Berlin’s were £1,678 per sqm.
Tokyo topped the list, with an average cost of £2,906 per sqm. Hong Kong followed with an average cost of £2,828 per sqm and then San Francisco with a cost of £2,701 per sqm.
London was the most expensive city in the UK with an average cost of £2,326 per sqm. Bristol and Birmingham were also deemed more expensive than Manchester for construction, with average costs listed as £1,808 sqm and £1,755 sqm respectively.