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Major MENA markets short of 3.5 mln affordable housing units

Posted on 22 September 2011

Governments across the Middle East and North Africa (MENA) region are increasing their efforts to construct new homes, but demand still far out-strips supply, with the region experiencing population growth around twice the global average, a new report has revealed.
Focusing on seven major markets, the report by real estate advisory firm Jones Lang LaSalle estimates that there remains a combined shortage of more than 3.5 million affordable dwellings across major markets within MENA and that demand will continue to outstrip supply for at least the next five years……………………………………….Full Article: Source


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