By using this site, you agree to our Privacy Policy and our Terms of Use. Close
thranx said:

Yes, location. That is why a house that is built the same can cost vastly different in different cities, or countries.Its all about location (and labor which is effected by location). That is why even with in your own country houses may have vastly different prices, with cities being double or triple per square foot compared to rural more open areas.  Land will effect price more than anything. With Europe being older and more built up land has a higher premium. In he US there is more open space than built space, there is plenty of room, so land is cheaper, except in cities.

Yes ofcourse I totally agree with you on that. 

 

I was refering to just the house prices. And new build ones. Nobody will build a cheap house on an expensive property. Or do people in the US buy a property for 800k and build a house for 150k on it ? And since space is so expensive all the money goes into the materials instead of size there is no other option to build a small house that reflects the worth of a small high priced property.