With housing their being so cheap, what the hell is the problem anyway? It's impossible to have expensive real estate in a country that's dying out fast.
Government efforts to cool housing inflation have resulted in a 40 percent minimum down payment for a mortgage.
Housing in Seoul and much of Gyeonggi is a pipe dream for most
no it's very possible because in an aging country people relocate to a handful of cities. 50% of South Korea's population now lives in the Seoul metropolitan area. The real estate that's getting cheaper is the one decaying in the countryside.
It's like saying Russia can't have expensive real estate because the country is big, what matters is where people are actually moving.
And for many, if the property is not within 10km of the Sydney or Melbourne city centre, it might as well be in the dusty Outback desert.
Population can age fast while the supply of desirable places to live still doesn't meet demand.