Unbelievable World Population Day Facts Relating to Housing Worldwide

Unbelievable World Population Day Facts Relating to Housing Worldwide
July 11, 2019 No Comments Blog, Real Estate Radha Garg
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As today is World Population Day, we thought of bringing you some interesting aspects of this day in relation to housing worldwide. Almost 900 million people across the globe are living in slums and clean drinking water, sanitation, and housing are privileges to them.

It is estimated that one-fifth of the total population of the world will not be able to get secure and affordable housing. Countries like India are devising various government initiatives like PMAY (Pradhan Mantri Awas Yojana) to push affordable housing.

Here are some amazing and unbelievable facts for you to read:

Only 13% of World’s Cities have affordable housing – Unhabitat.org

List of countries by the homeless population – Wikipedia

2 Billion homes needed over the next 80 years, as per studies.

In general, the housing markets are growing when considered worldwide as the demand keeps on increasing.
Good news for real estate developers.

Images and Data by IMF Global Housing Watch

The expected population growth in England from now to the year 2041 is 16%, the household growth is projected at 23% that will eventually result in a 7% difference in the demand.

The world population tends to increase by half that’s another 3.6 billion by the end of this century. According to the UN, by the year 2100, the global population will reach the mark over 11.2 billion which is up as estimated to be 7.6 billion by the end of 2017. This is what we can call as ‘medium growth’.

The average household size in 1968 which was 3.1 persons in France dropped down to 2.3 persons in the year 2011. Also, within the same time period, France’s fertility rate decreased from 2.6 to 2.0 live births per woman.

Whereas in Kenya, the average household size in 1969 was 5.3 persons that declined to 4.0 in 2014 and the fertility rate decreased from 8.1 to 4.4 live births per woman.

According to the study and statistics by National Records for Scotland, stated the impact of demographic variations with an upward trend in the future household demand which tends to be faster than the population growth.

By the year 2037, Scotland’s population growth is predicted to be 9% with household growth forecasted to be 17%.  The difference between the two which is 8% is the household growth demand from the existing population.

Japan is gifting away free houses. Looking into Japan’s scenario, the vacant houses are getting more attention than the affordable or sometimes free homes that are put up on online sale on the websites called ‘Akiya Banks’.

The local government and communities have managed to create many such sites for the better supply and demand for the increasing inventory of vacant homes in their respective areas.

As per several media reports, the vacant homes in Japan were largely concentrated in rural areas which now has started to show up in the suburbs and larger cities. There is an increase in empty homes in Japan which is a result of an aging and shrinking population that has led to unoccupied towns and villages.

According to the survey, the fastest growing city in the world is Beihai in China which has a population growth rate of 10.58%. Ghaziabad (India) remains in the second position followed by Sana (Yemen), Surat (India) and Kabul (Afghanistan)

India’s development is taking a major shift from big metropolitan cities to the small towns where there is a lower cost of living and better quality of life. The boom in the economy led to fast development across India.

The boom can be seen in the small cities that offer better infrastructure, good work-life balance, and moneymaking jobs. Some major factors that are the backbone of speedy growth in the smaller cities are education, reduction in poverty, industrialization, IT boom, and improved health services.

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