Building prices in the UK are no longer in the top five places in the world. Decreasing workload has led to significant falls in tender prices over the past year while a drop in the value of the pound means that UK costs have fallen compared with most countries. As a result, UK construction costs have dropped from fifth to ninth in the global rankings. This means that it is now about 40 cheaper to build in the UK than in Denmark or Switzerland and some 10-20 cheaper in the UK than in Sweden, Ireland and Finland.However the UK is still not a cheap location in which to build and costs are still double those of some Eastern European countries.
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