Creating Housing Markets in Emerging Market Economies
At the beginning of the 20th century less than 15 percent of people across the globe lived in cities. This figure has risen to 50 percent (4.4 billion people) today and will exceed 66 percent (7.7 billion) by 2050. There is a significant shortfall...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/339131634618122122/Creating-Housing-Markets-in-Emerging-Market-Economies http://hdl.handle.net/10986/36569 |
| Summary: | At the beginning of the 20th century
less than 15 percent of people across the globe lived in
cities. This figure has risen to 50 percent (4.4 billion
people) today and will exceed 66 percent (7.7 billion) by
2050. There is a significant shortfall of housing to meet
the needs of people moving to cities, most of whom have
limited resources but strong hopes for better educational
and employment opportunities. Direct public provision of
housing is not affordable for most national governments, so
more than 1.6 billion people will struggle to secure housing
by 2025. Addressing this under-provision of housing will
require connecting capital with low-income urbanizing
populations, including solutions to make the private sector
more responsive to the investment opportunities that
urbanization presents. |
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