6 billion urban dwellers will struggle to find decent housing by 2025

[zihadhasan012]

In 1950, the world population was at 2.5 billion. The global GDP then was at about $6 trillion. Today, the population has grown to more than 7 billion and the global GDP has grown to almost $80 trillion. In addition, more people have moved to urban centres. This has made housing one of the biggest challenges facing most cities. In fact, a recent report by McKinsey found that more than 1.


6 billion urban dwellers will struggle to find decent housing by 2025. These dominican republic business email list challenges have created opportunities for people who want to invest in the real estate sector. The biggest challenge faced by people who want to participate in the sector is the high cost of investment. The cost of buying land, paying contractors and the building materials coupled with the long waiting periods for government approvals is often discouraging to many people.


In addition, it takes months to build a house. After building a house – residential or commercial - there are two main ways of generating a return on investment. You can either sell the house to a customer or lease it. After selling the house, you can invest the money in real estate or in other asset classes. If you lease or rent it, you will receive a payout from the tenants at an agreed date.