Cost/Pricing
Construction Cost Index by Country 2025
Construction Cost (m²)
$500
$1K
$1.5K
$2K
$2.5K
$3K
$3.5K
$4K
$4.5K
$5K
$5.5K
$6K
5 Countries with the Highest Construction Costs
Country | Construction Cost 2025 (m²)↓ | City Sampled | |
|---|---|---|---|
 | United States | $5,723 | New York |
 | Switzerland | $5,022 | Geneva |
 | Hong Kong | $4,500 | |
 | United Kingdom | $4,473 | London |
 | Macau | $4,269 | |
 | Japan | $4,127 | Tokyo |
 | Germany | $3,797 | Munich |
 | Ireland | $3,775 | Dublin |
 | Austria | $3,616 | Vienna |
 | Netherlands | $3,357 | Amsterdam |
 | France | $3,200 | Paris |
 | Belgium | $3,189 | Brussels |
 | Singapore | $3,129 | Singapore |
 | Sweden | $3,097 | Stockholm |
 | Canada | $3,063 | Vancouver |
 | Australia | $3,017 | Sydney |
 | Italy | $2,966 | Milan |
 | New Zealand | $2,662 | Auckland |
 | Saudi Arabia | $2,593 | Riyadh |
 | South Korea | $2,213 | Seoul |
 | Spain | $2,206 | Madrid |
 | Poland | $2,186 | Warsaw |
 | Qatar | $2,096 | Doha |
 | Zimbabwe | $1,993 | Harare |
 | United Arab Emirates | $1,874 | Dubai |
 | Chile | $1,748 | Santiago |
 | Brazil | $1,689 | Rio de Janeiro |
 | Colombia | $1,554 | Bogota |
 | Nigeria | $1,540 | Lagos |
 | Malaysia | $1,237 | Kuala Lumpur |
 | Rwanda | $1,131 | Kigali |
 | Philippines | $1,124 | Manila |
 | South Africa | $1,088 | Cape Town |
 | Vietnam | $1,087 | Hanoi |
 | Uganda | $1,052 | Kampala |
 | Botswana | $1,034 | Gaborone |
 | Indonesia | $977 | Jakarta |
 | China | $910 | Guangzhou |
 | Kenya | $785 | Nairobi |
 | India | $705 | Mumbai |
 | Mexico | Mexico City | |
 | Thailand | Bangkok | |
 | Argentina | Buenos Aires | |
 | Peru | Lima | |
 | Taiwan | Taipei | |
 | Georgia | Tbilisi | |
 | Uruguay | Montevideo |
Sources
- Slow steps forward: gradual acceleration in activity as build costs stabilise - Turner & Townsend International
- Average cost per square meter in selected European cities for constructing a building as of 2023 - Statista
- Global Survey: US Now Is Most Expensive for Construction - ENR
- Price per Square Meter/Square Foot in Latin American Cities - Global Property Guide
- Singapore average construction cost fourth highest in Asia: Turner & Townsend - EdgeProp
- Price per Square Meter/Square Foot in Asian Cities - Global Property Guide
- Building Cost Per Square Metre - Build Sydne
- What does it cost to build a house in NZ? - Morgages
- International Construction Costs - Arcadis
- 2023 Commercial Construction Cost per Square Foot in the US - BigRentz
