Yes, and you need to pay property tax.
And it can be confiscated.
Not an ideal store of value.
But still may be a good part of the portfolio.
Or owned a place to live.
Discussion
If you have half a brain cell - renting is the way forward.
Make a deal with the landlord and be a good paying tenant and you can make it your own pretty easily and save the difference between rental and owning…
And if you wanna leave - the most you lose is your deposit… much better than 25% down payment and taxes