Affordable Housing Market is expected to grow at a robust CAGR
Increasing
demand for affordable housing: and private sector investment are likely to
propel the market of Affordable Housing in the forecast period.
According
to TechSci Research report, “Affordable
Housing Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Affordable Housing Market is
expected to register robust growth during the forecast period. Urbanization and
population growth are significant drivers of the global affordable housing
market. As the world's population continues to expand, more people are moving
to cities in search of economic opportunities, better living conditions, and
improved access to amenities and services. This rapid urbanization places
immense pressure on housing markets, leading to increased demand for affordable
housing options. In many urban areas, the demand for housing far outpaces the
supply, causing housing prices to soar, making it challenging for low and
middle-income individuals and families to find affordable homes. Governments
and private developers are increasingly recognizing this trend, which drives
initiatives and investments in affordable housing projects to accommodate the
growing urban population.
Government
initiatives and policies aimed at addressing housing affordability are crucial
drivers of the global affordable housing market. Many governments worldwide are
actively engaged in programs designed to promote affordable housing
development. These initiatives include subsidies, tax incentives, and
regulatory reforms that encourage the construction of affordable homes. For
instance, governments may offer financial incentives to developers who build
affordable housing units or provide direct subsidies to low-income individuals
and families to help them access housing. In some cases, zoning and land use
regulations are modified to facilitate the construction of affordable housing
projects. These policy-driven efforts play a pivotal role in expanding the
availability of affordable housing options
Public-private
partnerships (PPPs) are a driving force in the global affordable housing
market. These collaborations between governments and private sector entities
leverage the strengths of both sectors to increase the supply of affordable
housing. PPPs often involve the development of mixed-income housing projects,
where a portion of the units is reserved for low and middle-income residents. These
partnerships allow governments to access private sector expertise, funding, and
resources, while private developers benefit from government support and
incentives. PPPs have proven successful in numerous regions, helping bridge the
affordability gap by delivering quality housing options to a wider range of
income groups.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Affordable
Housing Market."
The
Global Affordable Housing market is segmented based on type, ownership,
infrastructure, end user industry, and among others. based on type, the market
is segmented into general, refrigerated, and farm products. Based on ownership,
the market is segmented into public, private, and bonded. Based on
infrastructure, the market is segmented into single-story and multi-story.
Based on end user Industry, the market is segmented into auto & ancillary,
e-commerce, consumer goods & retail, pharmaceutical and others. Based on
region, the market is further bifurcated into North America, Asia-Pacific,
Europe, South America, Middle East & Africa.
Based
on Location, The metro segment had the largest market share in
2022 and is expected to dominate the market during the forecast period. Metro location analysis for the global
affordable housing market involves assessing various metropolitan areas around
the world to determine their suitability for affordable housing development. Evaluate
the current population and projected population growth in the metro area. High
population growth often indicates increased demand for housing. Analyze the
local job market, income levels, and employment opportunities. Areas with
stable or growing economies are more likely to support affordable housing
initiatives.
Based
on providers, The Government segment had the largest market share in
2022 and is expected to
dominate the market during the forecast period. Governments across the world
allocate substantial funds to support affordable housing projects. These funds
are often used to provide subsidies, grants, and low-interest loans to
developers and homebuyers. The level of government funding varies from country
to country, with some nations investing heavily in affordable housing, while
others may allocate fewer resources. Governments implement regulations and
policies that govern the construction, financing, and management of affordable
housing. These regulations ensure that affordable housing meets certain quality
standards and remains affordable for the target population. They also dictate
income limits for eligibility and other criteria for affordable housing
programs. Many governments offer tax incentives to encourage private developers
to invest in affordable housing.
Key
market players in the Global Affordable Housing Market are:
- Dominium
- Related
Group
- LDG
Development
- Tata
Projects
- Pennrose
- The
NRP Group
- Prestige
Group
- Skanska
AB
- Jonathan
Rose Companies LLC
- Equity
Residential
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“The
Global Affordable Housing market is expected to boost in the upcoming years and
register a significant CAGR during the forecast period. The global population
is growing, and with it, the demand for affordable housing. This is especially
true in developing countries, where the population is growing rapidly and the
urban population is increasing. The cost of housing is rising in many parts of
the world, making it increasingly difficult for people to afford a decent place
to live. This is especially true in major cities, where the cost of housing is
often very high. Many governments are implementing policies to promote
affordable housing, such as providing subsidies to developers and providing tax
breaks to homeowners. Additionally, the private sector is also investing in
affordable housing, as they see it as a profitable business opportunity. Therefore,
the market for Affordable Housing is likely to propel in the upcoming years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Affordable
Housing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast
Segmented By Providers (Government,
Private Builders, Public-Private Partnership), By Income Category (EWS, LIG,
MIG), By Size of Unit (Up to 400 square feet, 400-800 square feet, Above 800
square feet), By Location (Metro, Non-Metro), By Population (Slum Population,
Non-Slum Population, By Region, 2018-2028” has evaluated the future growth
potential of Global Affordable Housing and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Affordable Housing Market.
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