Housing

Affordable Housing is essential to provide shelter and safety free from health and security risks; it frequently helps prevent poverty and support economic mobility. Affordable Housing can form the basis for increasing productivity, reducing transportation costs, promoting social inclusion and forming new communities (often near employment opportunities).

The global affordable housing market was estimated to be $52.2BN in 2021 growing to $84.7BN by 2031. BREEN Housing bases housing investment and strategic decisions on the long-term factors driving this growth, including:

• Urbanisation: The world's urban population has been rising by an average of 65 million people per year over the last three decades, fuelling demand for affordable housing, especially in cities as urban employment opportunities continue to attract new populations.

• Demographic Changes: Global population growth, particularly in developing countries, has significantly increased the number of households requiring affordable housing options; at the same time as a growing middle class in many regions and demographic shifts towards smaller and fragmented families are also driving housing demand.

• Income Inequality: Rising income inequality in both developed and low- and middle-income countries has led to a growing number of households unable to afford market-rate housing costs. 

• Migration: Both international and domestic migration to cities for economic and educational opportunities has increased demand for affordable housing in urban centres.

Supply of affordable housing has struggled to keep up with demand due to various constraints, including land availability, regulatory barriers, rising costs, and disinvestment by traditional providers.

Addressing this supply-demand imbalance remains a significant challenge for policymakers and housing providers worldwide, and a major opportunity for BREEN Housing to develop robust commercial opportunities delivering essential infrastructure to communities.