Global Construction Costs Compared: London named third most expensive world city

New York, London and Hong Kong are the most expensive locations for construction in the world, with cost premiums of between 40% and 60% compared with many European cities, and a "severe construction…

Property prices in London and other global financial centres "are now, in many cases, fundamentally unjustified," says UBS. "The risk of a real estate bubble in these cities has risen sharply."

Management consultancy ranks London in first place for economic clout, ease of doing business, education, technology readiness, location & access