The rapid urbanization in Pakistan has created problems with housing, especially in the major cities of Pakistan due to The shortage of housing and housing prices creating unaffordability of housing. Most of the people in Pakistan are suffering from housing unaffordability. This paper is focusing to identify the factors impeding housing affordability in different developing countries on different parameters including location, design efficiency, construction, material, infrastructure, services, neighborhood design, and financial assistance which could be made effective in order to realize the goal of making housing affordable.
It is true that high prices of land, funding, and building costs are responsible for increased prices of housing units. Like other countries of world, Pakistan is also facing property and real estate burden. Property prices in mega cities like Lahore, Karachi and Islamabad are already above millions of US Dollar and the increasing inflation rate has caused immense rise in land, house prices and rents and resulting by making housing not affordable for the poor in Pakistan.