The Skyline of London Will Rise in the Next Decade.
According to a new study by Knight Frank, EC Harris, and Barton Willmore on tall residential and mixed-use buildings in London, a new wave of residential towers is expected to re-define London's skyline. propertyfinder The study addresses the unique planning, design, and funding problems that come with building tower schemes, including the increased costs of building 'up,' but also shows that, when constructed to the correct requirements, there can be a strong cost versus value advantage of building higher in some locations across London's predominantly low-rise skyline. The price per square foot in a residential tower in London usually increases by 1.5 percent per floor, excluding penthouse apartments. As penthouses are factored in, the average increases to 2.2 percent. The cost of building 'up' incrementally increases the most in the 25-40 storey range. There are currently 25 projects in London that have one or more residential or mixed-use towers und