Yes. But as you said. Loans. Why would you buy sthg highly inflated 'by loans' with savings or hard money? They want to create their euro peon class and kinda succeed.
Discussion
Foreigners can’t get loans here . Loans are why RE is so inflated in the states. Imagine if everyone had to pay cash lol
Same in peon land. Bank gives no loan. You no buy house and stay rentslave.
Or you save money and live within your means . Pool money with family. Either way I’m saying there are arbitrage opportunities here . This condo would be $150-200k in the US