alt Hacker NewsThis is what happens when you open your country to be bought by foreign "investors", as it happened with Portugal and Americans.
When you have countries much larger and wealthier than you, they will pump the housing market to unsustainability, driving the locals out of their houses.
But hey, GDP and the waiter wages have increased, so there's that.
Americans are experiencing much of the same despite being the richest country in... history. Immigration is a not insignificant part of it but real estate being the only thing most people can finance with leverage has serious footprint as well.