[revelio]

Many but not all. Populations and governments that manage things well can keep house prices stable:

https://www.globalpropertyguide.com/Europe/Switzerland/Home-...

As you can see, Swiss single family house prices were stable since 2016. It's a different lifestyle, there's a lot of apartment living with shared gardens for example, but it can be done.

[X0Refraction]

The absolute cost isn't a perfect measure for what I'm considering though because it will need to be compared to median real income. Looking at this: https://ec.europa.eu/eurostat/databrowser/view/ILC_MDED01__c... it appears housing is costing a bigger share of household disposable income over time in Switzerland