Global ownership affordability— median house price-to-income, 2023
The Global Housing Affordability Crisis
The shortage is growing. Global housing shortages rose from 201.2 million units in 2010 to 268.8 million in 2023. In Europe and Northern America alone, affordable housing shortages increased more than 2.5-fold, from 9.9 million units in 2020 to 24.8 million in 2023.
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