London real estate construction costs are outrageously priced compared to New York City or other famous big cities. Find out why.
Constructing a building in London is very costly for a number of reasons. The foundation that buildings are placed on requires a lot of study and care. The London underground is littered with tube tunnels, government tunnels, sewers, ancient artifacts, and even World War II bombs. Above ground, narrow streets make a construction site very expensive to supply and set up. The cities medieval street pattern means that few buildings can have easy 90 degree designs. There are over 56 conservation areas in the Westminster area which protects the historic appearance of streets. In the City of London, skyscrapers need expensive design “distortions” to abide by regulations that protect views.