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Affordable Housing Market 2023 - By Market Share, Industry Trends, Future Scope, Analysis Research And Forecast To 2032
Affordable Housing Market
The Business Research Company's Affordable Housing Global Market Report 2023 identifies easy availability of home loans as the major driver for the Affordable Housing market's growth in the forecast period. Home loans refer to a sum that a person borrows from a financial entity, like a housing finance business, to build a home, renovate an existing one, or purchase a new or used home. Home loans give financial support to people or families, allowing them to acquire or construct homes at a low cost, boosting homeownership, and solving housing affordability issues.
The global affordable housing market is expected to grow from $51.05 billion in 2022 to $54.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The affordable housing market is expected to reach $67.17 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the Affordable Housing market are Skanska AB, The Related Group, KEC International Limited, L&T Construction, Volunteers of America.
A key trend in the Affordable Housing market includes technological advancements. Major companies operating in the affordable housing market focus on developing innovative and technologically advanced affordable housing solutions to strengthen their market presence. For instance, in June 2023, AppFolio Inc., a US-based software company specializing in real estate management solutions, introduced a host of AI-powered capabilities and affordable housing solutions. The company will integrate these innovative artificial intelligence capabilities into affordable housing solutions to empower property managers to enhance resident experiences. This new affordable housing solution is designed to meet the specific requirements of clients that manage affordable housing properties or units in their portfolio. It includes managing compliance, expediting procedures, and integrating accounting operations for conventional and affordable housing units on a single platform.
Read More On The Global Affordable Housing Market Report Here:
https://www.thebusinessresearchcompany.com/report/affordable-housing-global-market-report
The Affordable Housing market is segmented -
• By Providers: Private Builders, Government, Public-private Partnership
• By Size of Unit: Upto 400 square feet, 400-800 square feet, Above 800 square feet
• By Location: Urban, Rural
• By Income Categories: Economically Weaker Sections (EWS), Middle Income Group (MIG), Lower Income Group (LIG)
• By Population: Slum Population, Non-slum population
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Affordable Housing market.
The Business Research Company's "Global Affordable Housing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Affordable Housing Market Include:
1. Executive Summary
2. Affordable Housing Market Characteristics
3. Affordable Housing Market Trends And Strategies
4. Affordable Housing Market - Macro Economic Scenario
5. Global Affordable Housing Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
………………………………………..
32. Global Affordable Housing Market Competitive Benchmarking
33. Global Affordable Housing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Affordable Housing Market
35. Affordable Housing Market Future Outlook and Potential Analysis
36. Appendix
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