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Asia attracted global economic interest up until the economic crash of 1997. A decade later, the Asian economy has been stabilized, and has allowed the property market to advance. As a result, foreign investment is continuing to grow. The market is currently experiencing a 50% increase in the amount being invested into Asian countries globally.
Canada ranks among the lowest of the most developed countries for housing affordability. [14] Since the 1980s the federal government has played a smaller and smaller role in funding affordable and social housing. It has devolved responsibilities to provinces, some of whom have in turn devolved responsibilities to municipalities.
The central government found it difficult to upkeep the public housing due to the low rent it received; the distribution policy that was intended to be "equalitarianism" was actually corrupt. [43] The Chinese government commercialized the housing market after the economic reform started in 1978 by Deng Xiaoping.
The data — which measured housing affordability using an index based on mortgage rates, home prices, and household income — found that affordability in the US and 39 other countries had fallen ...
Countries that have historically offered citizenship by investment include Austria, [4] Cyprus (closed), Ireland (closed), Moldova (closed) [5] [6] and Montenegro (closed 31 December 2022). [ 7 ] Annually, an estimated 50,000 people, including family members of those who apply, obtain citizenship through investment programs, worldwide.
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
A housing affordability index (HAI) is an index that measures housing affordability, usually the degree to which the median person or family in a particular country or region can afford housing/housing-related costs. [1] [2] [3] Housing affordability is one contribution to the cost of living in an area; measured by the cost-of-living index. [3]
The median multiple is used widely for analyzing housing markets and is recommended by the World Bank and the United Nations. It has also been used by the Joint Center for Housing Studies at Harvard University. Demographia uses housing affordability ratings to categorize each housing market's median multiple. [1]