Geneva emerges as world’s most expensive city for construction
Real Estate

Geneva emerges as world’s most expensive city for construction

Switzerland’s Geneva has emerged as the world’s most expensive city for construction, according to a report by Netherland’s based consultancy firm Arcadis.

The report stated that Geneva is the most expensive city for construction. A year back, London topped the list of most expensive cities in the world for construction. Others on the list are Europe, Copenhagen, Denmark, Oslo in Norway, and Switzerland's Zurich.

Due to the reason European cities occupy the top five positions this year, the American cities are facing a decline in the value of the dollar.

According to most of the reports, interestingly the prices have not fallen despite the pandemic. The report says, "In the past years when the demand for construction was low, the prices were sharply fallen. Even due to the decline of the economy in the last year, the construction prices didn't fall.

In 2020, New York was in the second position, now it has fallen to the sixth position, and San Francisco from sixth to seventh. Hong Kong in the eighth position, Dublin, Ireland in ninth, and Macau in China receiving the tenth position. The most expensive cities of Australia were Auckland, Christchurch, and Sydney. The Middle East's expensive city was Riyadh which is in 40th position, South Africa's most expensive city is Johannesburg, ranked 92th in total.

The reports also say that the construction business was the best among all during the Covid-19 pandemic. It has also said that the positive outlook of constructions in the year 2021 is underpinned by a large number of public investments. The government sees that the contribution of construction towards the country's economy is greater by providing jobs and creating a support system in the domestic industry.

Image Source

Switzerland’s Geneva has emerged as the world’s most expensive city for construction, according to a report by Netherland’s based consultancy firm Arcadis. The report stated that Geneva is the most expensive city for construction. A year back, London topped the list of most expensive cities in the world for construction. Others on the list are Europe, Copenhagen, Denmark, Oslo in Norway, and Switzerland's Zurich. Due to the reason European cities occupy the top five positions this year, the American cities are facing a decline in the value of the dollar. According to most of the reports, interestingly the prices have not fallen despite the pandemic. The report says, In the past years when the demand for construction was low, the prices were sharply fallen. Even due to the decline of the economy in the last year, the construction prices didn't fall. In 2020, New York was in the second position, now it has fallen to the sixth position, and San Francisco from sixth to seventh. Hong Kong in the eighth position, Dublin, Ireland in ninth, and Macau in China receiving the tenth position. The most expensive cities of Australia were Auckland, Christchurch, and Sydney. The Middle East's expensive city was Riyadh which is in 40th position, South Africa's most expensive city is Johannesburg, ranked 92th in total. The reports also say that the construction business was the best among all during the Covid-19 pandemic. It has also said that the positive outlook of constructions in the year 2021 is underpinned by a large number of public investments. The government sees that the contribution of construction towards the country's economy is greater by providing jobs and creating a support system in the domestic industry. Image Source

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?