UK construction, refurbishment costs to soar on tighter climate change regulations, materials and labour inflation

London

BRITISH real estate construction and refurbishment costs are forecast to soar in the next few years because of tighter climate change regulations, the coronavirus pandemic, and materials and labour inflation.

Ahead of the Glasgow climate change conference in November, UK developers, commercial landlords, estate agents and lawyers are shifting their attention towards energy and environmental building improvements to cut carbon emissions.