T&T says Brexit putting brakes on cost increases in London

By Jordan Marshall2018-05-15T06:00:00

Construction costs in London set to rise 2.8% in 2018 compared to 3.9% in 2017

Growth in London’s construction costs are expected to ease this year, as the industry maintains its watch on the terms of Brexit, according to Turner & Townsend.

Costs in the capital are set to rise 2.8% in 2018 compared to 3.9% in 2017, according to the consultant’s International Construction Market Survey 2018.

Labour costs across the UK have risen by 3.1%, with London being the most expensive place to secure labour, with the average hourly rate now sitting at £34.

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