"The world must act now to resolve the low-cost housing crisis," WEF said in a report published on June 6.6 under the title "Making Affordable Housing a Reality in Cities".

The report says that housing costs, as well as locations, prevent people from meeting other basic living expenses, threatening their jobs and basic human rights.

"In Africa, more than half of the population lives in conditions below the standard," the report said. The main challenges for affordable housing include land acquisition, zoning, regulations affecting land use, funding mechanisms and design and construction costs.

Around the world, millennia people (8X and 9X first half) - the adult group in the 21st century, spend more on housing than previous generations and have quality live lower. By 2050, more than 30% of the urban population worldwide, about 2.5 billion people, will live in houses below the standard or in financial difficulties due to housing costs.

"A world in which only a small number of people can afford housing is unsustainable," said Alice Charles, head of the WEF’s Municipal Office, Urban Development and Urban Services. .

Alice Charles said the report explores both supply and demand dynamics affecting affordability and guiding decision makers to pay attention to strategic interventions and long-term reforms. Such reforms can reduce dependence on government support systems and push for affordable housing more commercially feasible through policies to address system gaps in the price chain. housing treatment.

Employers like Facebook and Google in the US, IKEA factory in Reykjavik, Iceland, Lego in Billund, Denmark, Samsung in Seoul and Suwon and Alibaba in Hangzhou, China, are investing in housing development for employees.

Ensuring affordable housing is important to help achieve the 11th Sustainable Development Goals of the United Nations (city and sustainable community), with the aim of making cities fully inclusive including Safety and sustainability, WEF said.