Housing is expensive in the UK as well isn't it? Most times I hear prices they seem pretty comparable. Just like the US there is also a large variation by location of course, cities completely unaffordable and towns just very expensive.

Around me is ~65m² bungalows, £225-275k in a town quite a long way from London, along the south coast. London prices scare me so I try and pretend nothing exists within the M25.