Hines has released a new paper, “Global Living Reimagined,” that reveals a global housing supply shortage and affordability crisis. According to Hines’ proprietary research, the global housing market would need a net 6.5 million housing units to meet current demand across a group of key developed economies.
“Several macro trends have converged to create a lack of supply that is driving a global affordability crisis, putting many major markets out of reach for potential homebuyers,” said Joshua Scoville, head of global research at Hines. “More than 80 percent of households in the developed economies we analyzed are in markets showing clear momentum for renting over buying. This signals that investors and owners need to stay keenly aware of the need for housing supply and where they may be able to add it.”
The study explores major global trends, and investment opportunities, shaping the living se
