20.09.2011                      21.Elul, 5771

Wohnungsnot:

Middle East faces shortfall of affordable homes

"Lack of access to affordable housing has been identified as one of problems behind Arab Spring," says real estate investment firm director.

The Middle East and North Africa (MENA) faces a shortfall of some 3.6 million units of affordable housing over the next five years unless the region’s governments and property developers make a combined effort to solve the problem, warns a report by the global real estate investment and advisory firm Jones Lang LaSalle. 
Egypt, the region’s most populous country, faces the biggest shortfall of affordable housing, with Jones Lang LaSalle estimating the shortfall between supply and demand would reach 1.5 million units. War-ravaged Iraq is one million units short and Morocco needs 600,000. Even wealthy countries face a shortage, although on a smaller scale: Saudi Arabia needs 400,000 the report forecast….