I have found that when I see a property for sale and then work out the land cost (at what I can best find out is the local price per sq m) and the house cost at P20,000 (or sometimes even at P25,000) per sq m, the selling price is almost always higher. How much of this is due to (1) Higher land costs for good plots within a specific area/subdivision?(2) Quality of materials? Do either of these, or both combined, add millions to the selling price? Or does it just reflect sellers trying initially for high prices? So, is there a way to calculate the true value of a property or is it just what a purchaser will pay? I have read, I think on this Forum, of an ex-pat buying at about 10 million and selling at about 6 millions years later. Is it cheaper to buy a resale or build your own?