Yes your right
where I now live is about the size of uk but you can’t build on half easily as it’s mountainous. Houses and apartments are still built far better. Basements almost always added for utilities, storage and other things, often underground parking in new builds
An example, some council apartments have recently been built in town ( well last year). I think it’s 12 Apartments of various sizes.. A friend received one so I went to look. Really nice 2 bed flat. Has separate extra loo off entrance area and proper storage in her own entrance for coats, shoes, pram etc.
There’s a huge communal laundry room in basement, and each flat had own storage room there for bikes, out of season stuff, there’s a ramp down from outside access so easy to get in and out.
Lots of storage inside apartment.
Outside communal garden with decent kids play equipment, built in bbqs, seating.
They have private balcony with built in wooden sunshades for summer, and roller shutters on all doors to keep heat out.
Heating is a communal heating system ( same as we have), so fixed winter bill prices. There’s photovoltaic panels on roof to keep electric costs down for everyone. Oh and Ev car chargers and undercover parking so your not digging car out in winter snow or roasting in summer.
Its been built economically as possible by town council to keep costs down of course, but everything built to last, and make tenants life’s easier and the apartments long lasting.
We looked at loads of old houses before we bought. And we bought an old house needed full renovation. But I can’t remember any we looked at having damp problems.