Houses and apartments are expensive because of high demand. More people are moving to cities, which increases the need for housing. Also, there's limited land in popular areas, so prices go up. Many people see real estate as a good investment, so they buy properties hoping to make money in the future. This all adds to the demand and pushes prices higher.

The rising costs of construction materials and labor make housing expensive. Inflation also plays a role, as it increases the overall cost of living. Government regulations and taxes can add to the expenses, and developers often pass these costs on to buyers. Additionally, higher interest rates on loans can make financing a home more costly, adding to the overall expense.

Speculation and investment are also reasons for high housing prices. Many people see real estate as a safe investment, buying properties to rent out or sell later for profit. Foreign investors can drive up local prices, and speculative buying creates artificial demand. Market trends and media can influence how people perceive the value of real estate, leading to higher prices.