"Construction costs globally are set to rise by 2.4% in 2026, but growing uncertainty is the real challenge to project delivery. The findings are captured in 'Construction in 2026: Where Certainty Comes from Agility' a new report published by Currie & Brown, a world-leading provider of cost management, project management and advisory services. UK market: steady costs, fragile confidence At 3.6%, the UK sits in the middle of the global range of forecast cost escalation for 2026."
"Many projects are only just viable, so development is moving carefully, often step by step. The Autumn Budget did little to shift that trajectory. It fell short for construction, offering no new tax incentives, increasing pressure through wage and tax changes, and providing scant detail on housing or digital infrastructure investment. In this environment, agility is essential. The ability to adapt quickly helps teams respond sooner, make firmer decisions, and avoid delays before they become costly."
Global construction costs are projected to rise 2.4% in 2026, with most countries seeing 2–6% increases across infrastructure, healthcare, technology and industrial sectors. The UK is forecast at 3.6%, supported by public investment but constrained by high interest rates, weak growth and cautious, phased development. The Autumn Budget offered no new construction tax incentives and provided limited detail on housing and digital infrastructure, increasing pressures from wage and tax changes. Agility and rapid decision-making are essential to manage uncertainty, avoid costly delays and adapt to local drivers such as labour shortages and material pressures in markets like Japan.
Read at London Business News | Londonlovesbusiness.com
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