Is housing expensive in Seoul?

Is housing expensive in Seoul?

Seoul's housing prices have risen due to population growth, limited space for new development, foreign investment and a competitive real estate market. The government has implemented policies to control housing prices, but they have not been enough to meet the growing demand for housing in the city. Location, type of housing unit, and size also affect the price of properties in Seoul. The Housing Affordability Index ranks Seoul low on affordability compared to other cities around the world. As such, alternative housing options such as officetels, share houses and goshiwons are becoming more popular among residents.